Wednesday, May 15, 2013

The Pinnacle Point

The second session from The Legacy Journey is titled, The Pinnacle Point.  During this session Dave teaches to create a wise investment strategy as a tool for us to make progress on our legacy journey.  Dave started with a quick review from FPU about keeping our investing simple and to make sure to use diversification in order to lower our risk.  A lot of the content of this lesson I have written about in previous posts from FPU and other finacial articles, so I will quickly summarize a few of the topics.

This session will cover the following topics:
  • Understanding risk and liquidity
  • Tips for long-term investing--you should take advantage of any ethical, legal way to protect your investments.  
  • Basic investment options
    • Certificate of deposit
    • Money market mutual funds
    • Stocks and Bonds
    • Mutual Funds
  • Advanced investment options
    • Low turnover funds
    • Annuities 
    • Rental real estate
This lesson covered a lot of information about making wise investments.  All of the information Dave teaches is about keeping investing simple and move forward on your legacy journey with a plan in place.  Don't fall for get-rich-quick schemes but stay strong over a period of time investing and saving little by little with a smart goal orientated plan so you can live and give like no one else and hit your pinnacle point!

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