Where is the safest place to pull money in a down market?

The how, where and why of portfolio management

Key Takeaways

  • It can take a long time for your portfolio to recover if you don’t have your assets correctly allocated.
  • When there’s a down market cycle, look at areas of the market that are doing better than others and pull your money from those areas to ensure a faster recovery.
  • A safe withdrawal rate from your portfolio is 4% a year.

Feeling Confu$ed About Money Decisions?

Phone a friend

Key Takeaways

  • Stick to your plan, use time and discipline to your advantage, and have confidants with whom you can discuss your goals.
  • Be sure to have short-term, intermediate-term and long-term goals set up—in separate portfolios if necessary.
  • Don’t check your investments more than once per quarter, and take frequent breaks from the news media.

Rockefeller Rules!

Key Takeaways

  • Saving before you spend, using other people’s money wisely and making compound interest work in your favor will give you a big leg up in your financial life.
  • Staying well-informed about taxes and applying time and discipline to investment management will keep you on the right track toward building wealth.
  • Saving 20 percent of what you earn is a great lifelong wealth-building discipline to have.

The 3 Core Money Elements

Key Takeaways

  • Good money habits are built around your cash flow, taxes and balance sheet.
  • Review your cash flow, taxes and balance sheet on a regular basis. Don’t hesitate to make the necessary adjustments so you can keep them in balance.
  • Your balance sheet should provide assets for the short term, intermediate term and long term. Lean toward investments that are tax-advantaged.