SOMA Living May 2024

FINANCIAL FOCUS

INVESTMENTS

Summertime is almost here, prompting many to plan vacations. However, it’s vital to keep your investments active. To prevent your investments and financial strategy from stalling, follow these steps: • Regularly monitor your investments. Evaluate performance carefully without comparing it to market indices like the S&P 500. Instead, use benchmarks relevant to your unique situation to ensure your portfolio aligns with your growth and retirement goals. • Invest with purpose. Develop a long-term investment strategy based on your financial objectives, risk tolerance, and time horizon to steer your portfolio toward desired outcomes like retirement and other long-term goals. • Strategize your investments. Align your investment choices with specific goals, such as retirement savings in IRAs and 401(k)s, education funding in 529 plans, or short-term goals like weddings or vacations. Adopting a goals-based approach can ensure your portfolio serves your intentions effectively. Maintain diligence with your investment strategy, regularly assessing and adjusting as needed. By staying proactive, you can safeguard your financial future while enjoying a more positive outlook.

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Gary T. Jones 973.821.4900 • g.jones@EdwardJones.com

With over 25 years of experience, I work with individuals and businesses to help you achieve your financial goals. As a longtime resident of SOMA, I am proud to serve the local community. To learn more about the content of this article or schedule an appointment to talk about your goals, please contact me in my Maplewood office.

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MAY 2024 | SOMA LIVING 29

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