Tips for People Who Are “Too Busy” to Invest
Do you need some tips for people who are “too busy” to invest? Life is busy. Time never stops. Everyone has to determine his or her priorities. Sometimes that means no time to complete enjoyable or important tasks. Some are not that important, so it’s okay. But take care not to get so busy with little things, you never get to something as important as your investments.
How’s your investing coming? Have you started? Do you wish you had more time for research? If you’re finding it hard to invest, or you’re just “too busy to invest,” then you need to rethink your strategy. Almost anyone in the financial position to do so, should make time for investing. Even busy people can invest. And the sooner you start, the wealthier you can become. Here are some investing tips to help even busy people to get started.
Retirement Savings Plan – it all Starts with your 401(k) plan. This is the easiest way to start investing. Just set up your 401(k) through your work and start seeing your retirement savings grow. The sooner you start the more you’ll have down the road. Often employers will match employees contributions up to a maximum amount, or percentage of their compensation. There may be a way to request your HR department to look into it, as it’s a good way to reward and keep valuable employees.
Automation – life is full of instant gratification. And much of that comes through automation. Take the time to automate everything you can to simplify investing. It takes very little time to set up, and in many cases, you can just forget about it. This is especially true with your 401(k). But you can set things up to automatically process your investment activity, as well.
Use Robo Advisors – these so-called advisors help take the hassle out of investing. You answer a few questions and they’ll do the rest of the work. Based on your answers, they’ll invest in stocks that match your criteria and keep growing your portfolio.
Apps, Apps, and More Apps – remember when Apple started the phrase, “There’s an app for that?” Well, it’s so true, even for investing. In fact, the number of apps related to investing continues to grow at a high rate. These apps can really make investing easier and quicker.
Use Investment Funds – another way to save time is to invest in diversified mutual funds. This takes the guesswork out of diversifying your portfolio. You could invest in individual stocks, but if you don’t have enough time, then a mutual fund will be much easier and save you a lot of time.
Give Your Investment Monthly Attention – you’re busy. You don’t have time to check your portfolio every day. But everyone can set aside a few minutes once a month to review his or her assets. Take a little time every month to review your investments, evaluate your strategies, and tweak your plan if needed. A little bit of time each month will go a long way in making your portfolio successful.
We hope you found this article about “Tips for People Who Are “Too Busy” to Invest” helpful. If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page or our website at www.GROCO.com. Unfortunately, we no longer give advice to other tax professionals gratis.
To receive our free newsletter, contact us here.
Subscribe to our YouTube Channel for more updates.
Considerately yours,
GROCO, GROCO Tax, GROCO Technology, GROCO Advisory Services, GROCO Consulting Services, GROCO Relationship Services, GROCO Consulting/Advisory Services, GROCO Family Office Wealth, and GROCO Family Office Services.
Alan L. Olsen, CPA, Wikipedia Bio
Proud sponsor of the AD Show.
Trust Your Tax Return to the Professionals
A question millions of US citizens annually ask themselves prior to April 15th. Should you DIY or trust your tax return to the professionals? Every year many thousands of modest, honest and hardworking US citizens discover they owe the IRS still more money upon completion of their tax returns. It’s a lousy feeling. Now imagine,…
Dawn LeBlanc – Managing Director at Hartford InsurTech Hub
Dawn is the Managing Director at Hartford InsurTech Hub. She has Diversified expertise across insurance/financial products, innovation, marketing, regulatory, actuarial, operations, distribution and technology. Prior to joining Hartford InsurTech Hub she was the Vice President Business Solutions at Prudential Financial. Dawn attended Central Connecticut State UniversityWhere she received her Bachelor’s in Science in Mathematics/Actuarial
Avishai Ben-Tovim | CEO of MDI Health
Avishai Ben-Tovim is a sales & business development executive with years of professional experience and a drive to succeed and to innovate. He holds an IT Engineering degree from Ben-Gurion University of the Negev as well as an MBA from Tel Aviv University. Over the course of his career, he has worked extensively within the sales and technology sectors and held a variety of technical and management roles with companies like Kenshoo, eToro, Google and Roundforest, the latter of which he acted as
How Ellipsis Health Will Change Behavioral Health Diagnosis | Steven Cupps
AlanI’m visiting here today with Steven Cupps, he is the head of Business Development for Ellipsis Health. Welcome to today’s show.Steven Thank you so much for having me.AlanSo Steven, I’d like to hear the background of how you got to the position that you’re in today. What led up to this?StevenBehavioral health has always been a passion of mine. If you think about the entire ecosystem, and in healthcare, it’s really the biggest unmet challenge today. And so what we’re doing at ellipsis is we’re