Reported 1 day ago
Creating a financial blueprint can simplify and enhance the process of saving for retirement, especially during market volatility. Brian Walsh of SoFi advocates for a structured investment approach using a 'three-bucket' strategy: short-term goals should focus on preserving capital, intermediate needs on a mix of stocks and bonds to manage risks, and long-term savings primarily in equities to maximize growth potential. Additionally, investors should understand their risk tolerance and capacity to resist biases that can cloud decision-making.
Source: YAHOO