While many people in St. Paul, MN, don’t necessarily enjoy getting old, the thought of retirement is sure to put a smile on the face of a lot of individuals. Some people in this country may choose to never retire, but for many of us, it is definitely a goal. Retiring from your place of work is not difficult, however ensuring that you and your family are financially stable at retirement is where the stress occurs. The big question around retirement is where will the money you live off of come from? Chances are that you won’t be winning the lottery soon, so taking the steps now to ensure a stress free retirement is your best bet. At Dunncreek Advisors, we feel that one great way to prepare for retirement is through investing.
Investing 101
If investing was something that could easily be taught, there would not be any need for financial advisors. The truth of the matter is that handling sound investments is something that takes experience, knowledge and patience. Most people will not get rich quick through the stock market, so the earlier you can start to invest, the chance of financial stability at retirement begins to rise. At Dunncreek Advisors, we are confident in our proven investment strategy that has helped many of our past clients retire comfortably. A few of the investing principles that we strongly believe in include:
● Diversify - Don’t put all of your money into one stock. Even if it is a stock that is performing well at the time, what happens if something goes wrong with that stock? Next thing you know, your entire investment has disappeared. By investing in a wide variety of stocks and asset classes, you’ll be able to protect yourself financially, while continuing to grow towards a successful retirement.
● Personalize - As you can imagine, there are a wide variety of investments that you can make. We encourage you to sit down with our team at Dunncreek Advisors and let us help you make investments that will help prepare you financially for retirement in the future. Determining when you want to retire and how much money you want to have at that point will help us come up with a financial game plan centered around investing.
● Regular Investments - Consider regularly investing your money rather than sporadically investing when you have a little extra money lying around. Investing a smaller amount regularly, such as monthly, can be more manageable to handle while you support your family, and can end up growing much larger over time.
If you find yourself daydreaming about being able to retire in St. Paul, MN, it may actually be achievable. Our team at Dunncreek Advisors is here to help you make sound investment decisions. To learn more about how we can help you achieve the end goal of retirement through investing, give our financial experts a call at (612) 436-3770 or email rdunn@dunncreekadvisors.com.