Page 17 - The Jewish Voice - October '24

The Jewish Voice, Page 17

LifestyLes

Financial Focus ® Let’s look at the big picture first, through the lens of So, rather than making changes to your portfolio in
history. The financial markets have performed well — and anticipation of what might happen if certain candidates get
Vote for Solid Investment Strategies at times, not so well — under Democratic and Republican elected, or even in response to actual policy changes, look
presidents alike. And the same is true about which party to other factors to drive your investment decisions.
By Sally Sima Stahl controlled Congress. These factors should include the following:
With the presidential While it might be an overstatement to say that decisions • Your goals: You probably have short- and long-term
election just a few weeks made in Washington have no effect on the markets, it’s goals you’d like to achieve. For your short-term goals, such
away, the public is naturally not always so easy to draw a direct line between what as a wedding, a down payment on a house, or a long vacation,
interested in not just the happens there and how the markets perform. For one you may want to invest in instruments that provide stability
outcome but what the results thing, political candidates often make promises that are of principal. For your long-term goals, most important of
will mean for issues of not fulfilled or, if they are, have different results than which may be a comfortable retirement, you’ll need to own
national importance. As a intended. Also, other institutions can have a significant a reasonable number of growth-oriented investments.
citizen, you likely share these impact on the markets. For example, the Federal Reserve, • Your risk tolerance: When you build and maintain your
concerns — but how about as which controls short-term interest rates, can certainly investment portfolio, you’ll need to accommodate your
an investor? After the votes affect many market sectors. And there will always be individual risk tolerance. All investments carry some type
are counted — or even before external events, such as foreign conflicts and even of risk, but you need to be comfortable with the overall risk
— should you make some moves in anticipation of possible natural disasters, that can make short-term impacts on level of your investments.
changes in policy? the investment world. • Your time horizon: Where you are in life is an important
consideration when investing. When you are young and just
starting out in your career, you may be able to focus more on
growth, as you have time to overcome the inevitable short-
term market downturns. But as you near retirement, you may
want to consolidate any gains you may have achieved, and
lower your risk level, by moving your portfolio toward a
somewhat more conservative approach. Even in retirement,
though, you will need some growth potential to stay ahead
of inflation.
• Your needs for liquidity: As you invest, you’ll need to
maintain an adequate amount of cash and cash equivalents
in your holdings. Without this liquidity, you might be forced
to sell long-term investments in case you have unexpected
expenses.
In any case, when it comes to investing, you may want
to pay less attention to what names are on the ballot — and
instead “vote” for the longer-term strategies that reflect your
needs and goals.
This article was written by Edward Jones for use by
your local Edward Jones Financial Advisor, Edward Jones,
Member SIPC.
Edward Jones is a licensed insurance producer in all
states and Washington, DC, through Edward D. Jones &
Co., L.P., and in California, New Mexico, and Massachusetts
through Edward Jones Insurance Agency of California, LLC;
Edward Jones Insurance Agency of New Mexico, LLC; and
Edward Jones Insurance Agency of Massachusetts, LLC.
Edward Jones, its employees, and financial advisors
cannot provide tax advice. You should consult your qualified
tax advisor regarding your situation.
Contact us at (561) 748-7600, Sally Sima Stahl, CFP ,
®
AAMS , 1851 W. Indiantown Road, Ste. 106, Jupiter, FL
™
33458.
Medicare Corner

with Kathy O

ADVANCED It’s Time for Medicare Annual Enrollment
Period, Oct. 15 – Dec. 7
CANCER CARE What Does This Mean to
Me, What Are My Options?
Change from Original
Medicare to a Medicare
When faced with a cancer diagnosis, Cleveland Clinic in Florida Advantage Plan
will be with you every step of the way. Our team of renowned Change from a Medicare
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Original Medicare
you, from personalized therapies and comprehensive support Switch from one Advantage
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Advantage Plans must cover all the medically necessary
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Learn more at ClevelandClinicFlorida.org/Cancer Lifestyles on page 18

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