Transcript:
This is money talks with Chad Olivier, sponsored by Olivier Group.
Hi. I’m Chad Olivier, CEO and certified financial planner with Olivier Group. If you ever feel the urge to move everything into cash or money markets, don’t give in. Market volatility can be nerve wracking, and you may hear friends or family say they’re out and in cash. But that’s not a strategy. That’s a reaction.
Whether you’re investing before retirement or managing wealth in retirement, having a financial plan and an active investment strategy is crucial to reaching your goals.
Yes, cash is important. You need emergency funds, and in retirement, your short term investment money should cover about a year or more of distributions.
Right now, money markets may seem attractive, but we’re moving into a looser money supply, meaning interest rates are heading down, not up. Over time, the returns on short term cash investments will decrease.
The key, have a plan, build strategies around it, and most importantly, stick with it. Visit us at olivier group dot com and see how we can help. That’s why money talks, but planning pays.
This has been money talks with Chad Olivier.
