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The Day After Thanksgiving

The Day After Thanksgiving

November 29, 2018

I was at a party outside Washington, DC, last weekend, and it only occurs to me now, I was one of just three natural born US citizens.  There were South Americans, Russians, Ukrainians, Koreans, and more. Everyone had an American story.

The Land of Opportunity – You Can Make it Happen

I spoke with a 20-something Ukrainian who came here when he was 17.  He was the son of a single mother, and she was frequently traveling for her work and they had little means.  At 17 he had two jobs: delivering pizza and delivering Chinese food – both by bike. He was struggling, but earning money and saving.

Saving then Spending

He saved for community college and paid the tuition before taking a class.  He saved for the University of Maryland and paid class-by-class.  He attained a degree in a profession in demand.  He saved for a home that he bought in a short-sale (here he did have a mortgage).  He sold that first home and bought another fixer-upper. 

Accumulating for Retirement

We were talking about stocks.  He had lost an investment of a $1,000 after buying penny stocks.  We talked about how owning a diversified portfolio with an appropriate asset allocation can help reduce risk*.  Big risks in investments really aren’t prudent.  Careful investing can help you work toward long term security.

Grateful for Opportunity

We live in a nation where you can get an education, you can work hard, and hopefully you can save.  I feel grateful for the reminder of how perseverance and hard work are at the heart of a financial plan.

A Financial Planner

Helps you build an organized and cohesive investment objective and plan.  We work hard to get the education to provide knowledge and counsel.  Please, give me a call, and let's discuss your goals.

*Asset allocation and diversification are risk management strategies designed to reduce risk but do not guarantee a profit or protect you from loss.