There is an important difference between saving and
investing. You should save for short-term goals, but you need to invest for
long-term goals. Saving is basically a form of postponing consumption. Passbook
accounts, money markets or short-term certificates of deposit (CDs) are good
places to save for short-term needs such as family vacations, a new car or
emergencies. You usually won’t earn as much on these types of savings accounts
as with some other types of investments, but you can get to the money quickly,
easily and with little or no chance of loss of principal.
For long-term goals such as retirement or college
education, you many want to consider investing in assets that historically have
earned higher rates of return, such as stocks and bonds. That’s why the
professionals at Trisperity recommend diversifying your investment money among
different types of investments in order to reduce the risk.
Your Triperity advisor employs a four-step process
that identifies your goals, constructs an appropriate strategy, implements the
investment plan and periodically monitors it for effectiveness through market
cycles.
Step 1 – Understanding Your Goals
We will help define your tolerance for risk, time
frame for your investments and outlook for future financial needs. A profile is
developed, and we work together to define an investment plan that is tailored
to your specific situation.
Step 2 – Building Your Roadmap
The weighting of the various asset categories that
make up a portfolio is one of the most important factors in the successful
implementation of any investment strategy. However, asset allocation involves
more than just calculating the right blend of stocks, bonds and cash in a
portfolio. We will help balance this mix with changing market conditions so
your portfolio may stay in-line with your investment objectives.
Step 3 – Executing Your Strategy
With a thorough assessment of your needs and with
the asset allocation in place, the next crucial step is to carefully integrate
asset managers who control risk while maximizing the potential for return. At
this stage, we can weave the asset allocation policy with the appropriate
investment choices to create a blend that best suits your needs.
Step 4 – Monitoring Your Portfolio
Investing in your portfolio is really only the
beginning of the process. On an ongoing basis, your portfolio will be
periodically monitored to help it remain on track so you can work toward your
investment goals and objectives. Market conditions, contributions to the
account and other factors may cause the allocations to fall outside the targets
originally set for your portfolio. If this happens, your portfolio can be
rebalanced to bring allocations back within the desired range.
Please use the form below to contact us.
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