Guide To Deploying New Money In The Market

Keith here. Shanna saying, I got 26,000 in cash in my IRA. Is there a certain stock or stocks that I should buy? I was wondering if I should buy some new stock or just leave it as is.

I’m not going to retire till 70, at least that’s my plan. God could have a different plan, of course. And then he’s got about 25,000 in some other stocks that he lists there.

What would be the best to do? As of now with the 26,000? He’s also 63. Yeah. So the best place to start is to get that, all of that information put in on your portfolio tracker.

As a partner, you should have access to that. So you put your cash in that first line and code it to cash, and then you put your other stocks in. And then when you hit the output output button, you’re going to get a couple of charts and you’re going to get 1 bar chart.

That’s going to show you the recommended asset allocation for the model that you have selected, and it’s going to show you where you are. So in a quick minute, you’ll be able to look at that chart and you’ll be able to see where you need to focus your efforts. As far as the timing on that, I would give yourself, you know, the next, I would say three, four months to get that money fully allocated.
That’s gonna help you take advantage of any volatility that we see in the markets in the, in the next three months. And it’s just gonna give you, it’s gonna take your emotions out of it, because whenever you set your plan and you say, okay, for the next three months, I’m gonna get one third of this money invested. And every day, if you’re doing it on the 15th of the month, you’re going to do it now, you’re going to do it on the 15th of next month and the 15th of the following month.
You’re not going to let your emotions sway you one way or the other or cause you to deviate from your plan, and then you’ll be fully allocated.

Become a wiser steward of your investments

A Financial Issues Partnership provides rich online tools and resources to give you financial wisdom, strategies, and tools to effectively self-manage your investment portfolio using Biblically-responsible principles.

SHARE THIS WITH YOUR FRIENDS!

Changing your plan may require you to select new sectors for certain stocks

WP Radio
WP Radio
OFFLINE LIVE