I'm a full-time freelancer. My budget only allows me to save $200/month for retirement. What kind of funds will serve me best long term?
Answers | 4
A google search should find you some good results.
There are various answers to long term. On taxes, you can defer them with retirement plans. Keep in mind that you still pay the taxes when you withdraw the funds. Let's keep this simple by you understanding what long term means for you.
Now, using your understanding let's dig deeper into where to put your money so it works just as hard for you as you have for it.
As an Investment Manager (IM) I love value, meaning I leverage my understanding of an investment to receive a great ROI in value. It is less important whether to know 10 businesses or 10 thousand. Stick with what you know and understand. At the Olympics, if you run the hundred meters well, you don’t have to do the shot-put.
We use a concentrated portfolio. We hear a lot of noise about diversification. Well, if Michael Jordan is on your team and he is scoring all the points. Should you penalize him by diversifying your strategy more?
Always do what is in your best interest. Contact us directly to discuss your situation in greater detail. No obligation. We also offer educational seminars designed to get you where you need to be financially and keep you there.
It's not what you make, It's what you keep that determines your lifestyle.