Build a No Touch Portfolio
The last thing you want to do is have to dip into your investments to fund something for your business. This will take away from the compounding feature of investing that is so important to growth. Invest and monitor your account but plan on never touching it until you are ready. Want a way to keep yourself honest with this strategy? Fund your retirement accounts and college savings accounts as much as possible knowing that, 1. This money is growing tax deferred until you need it for retirement. 2. You are decreasing your tax liability by funding these accounts. 3. You know that if you want to take it out there will penalties for doing so. You put in a lot of hours to be able to save and there is no way you will knowingly pay a penalty to retrieve those savings.
This commentary on this website reflects the personal opinions, viewpoints and analyses of the J Benjamin Financial employees providing such comments, and should not be regarded as a description of advisory services provided by J Benjamin Financial or performance returns of any J Benjamin Financial Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. J Benjamin Financial manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.