Bennett Group Financial Services, LLC : Choices that Financial Advisement Can Make Easier

Bennett Group Financial Services, LLC, is a financial firm that functions on the philosophy of working with clients to foster understanding of financial concepts so that each person can properly manage his or her portfolio. If you’ve never spoken with an advisor like those at Bennett Group Financial Services, LLC, a simple consultation could provide the viewpoint you need to make upcoming financial choices easier.

Clients who have worked with financial advisors for extended periods of time will often cite several examples of situations that they were able to better navigate with professional help. Examples of these situations or decisions include…

Heavy Investing – Heavy investing in shares of any individual stock (commonly an employer’s stock) is a risky move that can damage your portfolio diversification plan. If you have a sound diversification plan, but you are also interested in heavy investing in a particular asset, you should consult an advisor before proceeding.

Emergency Fund Size – Most seasoned investors have liquid funds in savings accounts, but not all of them have enough. The standard emergency fund savings goal is an amount large enough to live on for six months, should you become unemployed, but some save more for additional emergencies. For example, many investors seek to have enough saved for six months of living plus one emergency such as a car breaking down or an unexpected medical bill, at minimum.

Debt Repayment – If you want to invest and you’re still in debt, you probably shouldn’t. Of course, an advisor might tell you otherwise in certain circumstances (mortgages or auto loans, for example), but in most cases, an advisor will state that you’ll reap more rewards by getting out of debt than you will by investing.

Dollar Cost Averaging – Dollar cost averaging is a strategy that allows you to follow patterns that are designed to help you make more intelligent long-term investing choices. Typically, you will make investments with roughly the same amount of money each time, but this isn’t always the best choice. Rather than trying to make the solo decision of when to use dollar cost averaging and when to avoid it, consult with a professional for a second opinion.

Portfolio Rebalancing – If you’re already investing, you should have a portfolio diversification goal that you created at the beginning of your financial endeavors. The key to making these plans work is to rebalance your portfolio on a regular basis. This can require making otherwise-undesirable adjustments, but sometimes it’s the plan that needs rebalancing; an advisor can help you make the right choice.

You’ll never know how much you could benefit from the advisement of professionals like those at Bennett Group Financial Services, LLC, until you schedule your first meeting. Remember, even the pros seek advisement because, as the adage says, two heads are better than one.

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