Four Really Good Reasons to Invest

By Tod Shoffler, CFP®, Wealth Advisor, Crest Wealth Management
Forty-six percent of Americans do not own any stocks or stock-related investments, such as mutual funds, according to a recent Gallup poll.¹ Individuals may cite different reasons for not investing, but with important long-term financial goals, such as retirement, in the balance, the reasons may not be good enough.
Why Invest?
1. Make Money on Your Money –You might not have a hundred million dollars to invest, but that doesn’t mean your money can’t share in the same opportunities available to others. You work hard for your money; make sure your money works hard for you.
2. Achieve Self-Determination and Independence – When you build wealth, you may be in a better position to pursue the lifestyle you want. Your life can become one of possibilities rather than one of limitations.
3. Leave a Legacy to Your Heirs – The wealth you pass to the next generation can have a profound impact on your heirs, providing educational opportunities, the capital to start a business or financial support to your grandchildren.
4. Support Causes Important to You – Wealth can be an important tool for impacting the world in a meaningful way. So whether your passion is the environment, the arts or human welfare, you can use your wealth to affect positive changes in your community or around the world.
A Framework for Investing
The decision to invest is an acknowledgement that it comes with certain risks. Not all investments will do well and some may lose money. However, without risk, there would be no opportunity to potentially earn the higher returns that can help you grow your wealth.
To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon and the nature of your financial goal.² Because investing can be complicated, consider working with a financial professional to help guide you on your wealth-building journey.
For more information on the benefits of working with a CFP® professional, call Tod Shoffler, CFP®, Wealth Advisor with Crest Wealth Management at (609) 522-6098 or email tod.shoffler@lpl.com.
*Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.  Insurance products offered through LPL Financial or its licensed affiliates.
Not FDIC Insured; Not Bank Guaranteed; May Lose Value; Not Insured by any Federal Government Agency; Not a Bank Deposit.
1 Gallup.com, May 24, 2017
2 Diversification is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline.