How can you meet your short-term goals?

   As an investor, you have long-term objectives, such as achieving a comfortable retirement. 
   But you will also have short-term goals – you may want to remodel your kitchen, buy a new car or even take a cruise. 
   How should you invest for these goals?
   For one thing, you’ll need to recognize the difference between long- and short-term investing. When your goal is retirement, you need investments that can grow over time, such as stocks.
    But for your short-term goals, you don’t need maximum growth potential as much as you need to be reasonably confident that a certain amount of money will be there for you at a certain time.
   And that means you need to consider investments that offer significant protection of principal, such as certificates of deposit and investment-grade corporate bonds. 
   You’ll also want to be sure the issuers of these investments are strong and stable.
   Ultimately, most of your investment efforts will probably go toward your long-term goals. 
   But your short-term goals are still important – and the right investment strategy can help you work toward them.
   This article was written by Edward Jones for use by your local Edward Jones Financial Advisors John Dickerson & Hawes Dickerson. Member SIPC.

 

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