Investing Tips

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MONROE, La (KNOE) - What is Step 1 to investing?
Learn to live on less than you make so you can save and invest. Then you want to make sure that you have your Emergency Fund in place. This is to help change a crisis situation into an inconvenience.

Courtesy: MGN Online

What else do you need to do before you get started investing?
We recommend that you have all of your debt (except the home) paid off and then you should put 15% into retirement. We recommend that you put up to the company match into your 401K then put the rest into a Roth IRA. The company match is free money and the Roth IRA grows tax-free and you withdraw it tax-free at retirement. Also, you can withdraw Roth IRA contributions at any time with no penalty.

How should we diversify when investing?
We always recommend that you diversify when investing:
-25% Growth – Mid Cap Funds
-25% Aggressive Growth- Small Cap Funds
-25% Growth &Income- Large Cap Funds
-25% International- Foreign Funds

Remember slow and steady wins the race. The earlier you can invest, the better, this provides the maximum growth potential.
For more tips go to or call (318) 497-1059