Preparedness Tip #7 (Preparedness Tips)

Posted on March 8, 2010
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Preparedness Tip #7

Check your child’s school Web site or call the school office to request a copy of the school’s emergency plan. Keep a copy at home and work or other places where you spend a lot of your time and make sure the school’s plan is incorporated into your family’s emergency plan. Also, learn about the disaster plans at your workplace or other places where you and your family spend time.

How Much Money Should You Invest? (Camp Trader 101- Tidbit Series)

Posted on March 6, 2010
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Many first time investors wrongly believe that they should invest all of their savings. To determine how much money you should

invest, you must first determine how much you actually can afford to invest, and what your financial position and objectives are.

First, let’s look at how much money you can currently afford to invest. Do you have savings that you can use? If so, great!

However, you don’t want to cut yourself short when you tie your money up in an investment. What were your savings originally for?

It is important to keep three to six months of living expenses in a readily accessible savings account – don’t invest that money! Don’t invest any money that you may need to lay your hands on in a hurry in the future.

So, begin by determining how much of your savings should remain in your savings account, and how much can be used for investments. Unless you have funds from another source, such as an inheritance that you’ve recently received, this will probably be all that you currently have to invest.

Next, determine how much you can add to your investments in the future. If you are employed, you will continue to receive an income, and you can plan to use a portion of that income to build your investment portfolio over time.

Speak with a qualified Registered Investment Advisor or Certified Financial Planner to set up a budget and determine how much of your future income you will be able to invest.

With the help of a financial professional, you can be sure that you are not investing more than you should – or less than you should in order to reach your investment objectives.

For many types of investments, a certain initial investment amount will be required. Hopefully, you’ve done your research, and you have found an investment that will prove to be sound. If this is the case, you probably already know what the required initial investment is.

If the money that you have available for investments does not meet the required initial investment, you may have to look at other investments. Never borrow money to invest, and never use money that you have not set aside for investing!

Preparedness Tip #6 (Preparedness Tips)

Posted on March 5, 2010
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Preparedness Tip #6

Go through your calendar now, and put a reminder on it — every six months — to review your plan, update numbers, and check supplies to be sure nothing has expired, spoiled, outdated, or changed. Also remember to practice your earthquake, tornado, fire escape or other disaster plans. Practice helps to cement the training so that what we do is second nature when and if the time comes. This is why emergency services, police officers, military, search & rescue training, so when it’s time, their response will be second nature.

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