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Dear Bob - August 2013

 DEAR BOB:  In general, how would you arrange an investment portfolio to meet both the need for income and growth? - Looking for both growth and income in Florida


DEAR LOOKING FOR BOTH GROWTH AND INCOME  IN FLORIDA:  
I typically follow basic principles when investing to meet both income and growth. 
 
First, we determine a cash reserve amount, set that aside for use in the next 12 months, as well as to meet any emergency expenses that may come up. 
 
Next, we arrange fixed-income investments to produce income for a specific period of time. The balance could be positioned in several investments, each employing different approaches to investing, thereby diversifying the portfolio. 
 
Using this strategy, we intend that income will be available each year for a number of years. Therefore, unguaranteed but higher potential growth investments can be left untouched for a number of years or longer.









 
 
 

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