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Starting Out: New Investors

May 9, 2019

Begin your journey with smart choices

If you’re young and just getting settled in your career and adult financial life, you may feel you’re finally earning enough to consider investing some of your money. Our first piece of advice is to make automatic deposits from your paycheck into an employer-sponsored 401K or other retirement plan (if your employer makes one available). If your employer matches contributions, it’s an even more attractive investment choice. You'll want to take full advantage of this wonderful investing opportunity. Once you’ve done so and are ready to consider other investments, we will be happy to guide you with some prudent recommendations about your savings. 


Investing Your Savings

Investing always starts with saving. Since there are inherent risks in stock market investing, and greater gains and losses are possible, we encourage beginning investors to set aside enough for their immediate and emergency needs before putting money into the stock market.

When we meet with you, we’ll start with a thorough conversation about your financial standing, well-being, and current needs. We’ll look at your needs for the future, as well as your risk tolerance, and create a unique plan just for you. Part of that plan is working with you to decide how much you can comfortably invest initially, and each month. Investing is a dynamic process that you should adapt to changes in your financial life, so you can increase, decrease, or stop the amount you invest at any time without penalty. We can show you projections of how those changes could affect your future funds.

When investing, think diversification over the longer term. It is recommended to give yourself a minimum of 3-5 years to see how your investments do. Since funds do fluctuate over the short term, longer is better.

Let us and our friends at Choice Investments help put investing principles to work for you, and make a smart start to your investing.

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Stock Market / Stock Funds, Securities, and Advisory Services are products of Choice Investments LLC and offered through Cadaret, Grant & Co., Inc., a Registered Investment Advisor and Member FINRA/SIPC. Choice Investments LLC and Cadaret, Grant & Co., Inc. are separate entities. You can check the background of these financial professionals through FINRA’s BrokerCheck. First Source Federal Credit Union is not a registered broker dealer and is not affiliated with Choice Investments LLC. 

NOT FEDERALLY INSURED    •    MAY LOSE VALUE    •    NO CREDIT UNION OBLIGATIONS    •    NO CREDIT UNION GUARANTEE 

Funds invested through Choice Investments are not federally insured, may lose value, and are of no way obligations of First Source FCU. Involves investment risk and may involve loss of principal. First Source has no guarantees of securities and annuities products offered through Cadaret, Grant & Co., Inc. Licensed to offer securities in the states of AZ, CO,CT, FL, IA, MA, MD, ME, MI, NC, NY, PA, SC, & VT.

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