November is the perfect month to start thinking about your finances. With Christmas on the horizon and New Years Resolutions looming in the distance, it’s a great time to get a head start on your goals.
Our November Money Mondays gave you a weekly chance to work on your goals.
November’s first tip gave you a great tidbit to get you started:
The more you educate yourself, the more you make the best decisions for you!
“Once you understand all the different types of accounts, the pros and cons, then you’re more educated to make those appropriate decisions.”
Our advisors are always happy to educate you. Contact us today take your investment knowledge into your own hands!
We enlisted Warren Buffet’s sage words of advice for our next Money Monday:
“Whether socks or stocks, I like buying quality merchandise while it’s marked down.”
That short and sweet tip from Buffet had us begging for more:
“If you aren’t willing to own a stock for 10 years, don’t even think about owning it for ten minutes”
You can apply this to any investment. Remember that investing doesn’t mean instant.
With two great tips from Buffet like those we had to give you one more:
The worst investment you can make over time? Cash.
“We always keep enough cash around so I feel very comfortable and don’t worry about sleeping at night. But it’s not because I like cash as an investment. Cash is a bad investment over time. But you always want to have enough so that nobody else can determine your future essentially.”
We ended November with a final piece of advice to help de-stress you before the big holiday rush:
Was Warren Buffet’s Money Monday tip last week a tad stress inducing? We’ll help you get past your urge to sell.
Don’t Sweat the Small Stuff
Don’t panic when your investments experience short-term movements. When tracking the activities of your investments, you should look at the big picture. Remember to be confident in the quality of your investments rather than nervous about the inevitable volatility of the short term.
We hope our Money Monday tips kickstarted your investment changes. We’ll see you again in December!
