Where to Put Your Money These Days?
by Stacy Francis, CFP®, CDFA of Francis Financial, Inc. and Savvy Ladies
The best bet for the future involves investing in a diversified portfolio of stocks and bonds. By spreading out your investment portfolio, you usually can reduce risk, minimize losses, and take advantage of the next “surprise” winners.
The best way to invest money to make money when the economy is good is to invest in an index fund. These are mutual funds that reflect the stock market as a whole. Instead of focusing on one or two stocks that could disappoint you, index funds invest in hundreds.
Select a mix that includes solid equity and bond mutual funds with a good representation of S&P 500 stocks. Add a small cap fund, a global fund, a balanced fund, and a bond fund.
Check out our blog for more Savvy Tips on Investing.