The guest speaker at the Lions Club lunch last week was local Edward D. Jones Financial Advisor (AAMS) and fellow Lion, Jamie Rollins. Mr. Rollins explained to the group how the Stock Market operates and how Nasdaq, S&P, and Dow Jones all interacted with each other. Jamie thought that the key to investing was the old adage, “Don’t pull all your eggs in one basket”. The Mutual Funds that consist of many types of different stocks and bonds are a good example and the main reason why they are the key to many 401k retirement accounts.
A good Mutual Fund should have a 60/40 % ration of stocks over bonds and that ratio can be continually adjusted as interest rates rise and fall. He advises that, “It’s never too late to start investing in retirement but the sooner you start the better your fund will function and the more you’ll have when that fine time comes.” In fact, his three keys to successful investing are to (1.) Start Early – pay yourself first; (2.) Always Diversify – 60/40% rule applies; and (3.) Time, Time, & Time – invest for the long term. If you have any questions for Mr. Rollins you can reach him at his office here in Mansfield, La. at 318- 872-2710.
The Lions meet every 2nd and 4th Tuesday for a catered lunch at the Clista A. Calhoun Center and you are welcome to come by for a good meal and good networking.
