Boulder City Magazine is a monthly publication full of information about Boulder City and Southern Nevada. Boulder City Magazine features the Boulder City Home Guide, a real estate guide to Boulder City and Southern Nevada.

Money Matters
by Wendell Whitman
Edward Jones

Time For Some Financial Spring Cleaning

You might not engage in many of the typical activities of “spring cleaning,” but you can almost certainly benefit from “sprucing up” your financial situation. Here are a few ideas for doing just that:
First, look for ways to get rid of “clutter” in your portfolio. If you have too many investments that look alike, you might be hindering your progress toward your objectives.

Also, if you’ve been automatically moving money each month from your checking account to an investment, determine if this transfer is still appropriate for your goals. A systematic investment plan does not guarantee a profit or protect against loss in a declining market. You should consider your ability to continue investing through periods of low price levels.

Finally, check your beneficiary designations on financial documents, such as your insurance policies, IRA and 401(k). Over time, your family situation may have changed through death, divorce, remarriage or the birth of new children.

By following these “spring cleaning” suggestions, you can help put your financial house in order for the seasons to follow. Take action soon. 

What Can Investors Learn From Gardeners?

Spring is here. Soon it will be time to plant flowers or vegetables. But even if you’re not a gardener, you can learn some valuable lessons from one - especially if you’re an investor.

Just as gardeners pick seeds or plants that are appropriate for their particular plots of land, you need to choose investments that are suitable for your needs. But gardeners don’t usually grow only one variety of flower or one fruit or vegetable - and you shouldn’t stick with one type of investment vehicle. Choose a variety of investments that can help you make progress toward your objectives. Diversification doesn't guarantee profit or protect from loss.

And just as gardeners nurture plants through all types of weather, you need the patience and discipline to stick with appropriate investments through good times and bad.

So the next time you see some industrious gardeners at work, take note. They may have something to offer you.

Contact Wendell at Edward Jones

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