Do you keep money in the bank and not the stock market?
Having money in the bank can offer investors a sense of security. But, leaving money in the bank can impact your long-term financial plan.
There are times when it’s appropriate to keep the bulk of your savings in the bank, and other times when investing in the market may be a better alternative.
The right answer as to what you should do with money in the bank depends on your financial goals, your risk tolerance, and your time frame.
Getting into the Stock Market
What kinds of risks are you interested in taking as an investor? Today’s episode explains how investment decisions are dependent on an investor’s personal interest in risk.
If you’re not already receiving updates on new episodes, sign up now, and as a special
bonus, receive Doug’s free ebook The Retirement Planning Book.