Building savings is a vital step in getting your financial house in order. Once short-term needs –monthly obligations, emergency expenses – are accounted for, it’s time to focus on long-term needs and goals.
This may include funding a major purchase like a home or paying for a daughter’s wedding. It may mean paying for a career transition or a child’s education. And investments are a vital tool in saving for retirement or passing wealth on to beneficiaries.
There are thousands of investment products available, and we want to help you find what suits your needs, your goals and your unique existing benefits. Investing doesn’t have to be complicated. And there are benefits to keeping it simple. So we’ve built our investment philosophy on some very basic, yet very effective, principles:
- If you don’t save, you can’t invest.
- Time and compounding are powerful tools for any investor.
- Investing a fixed dollar amount at regular intervals – while providing no assurance of profit nor protection from loss – can help remove emotion from investing.
These principles aren’t novel. But time and again, this kind of disciplined investor behavior – combined with prudent investment selection – proves effective in helping First Command client families get their financial future squared away. To learn more, contact a trusted First Command Financial Advisor today.