INVESTING ESSENTIALS
Millions of Americans invest in retirement accounts to save for their long-term needs, but what about shorter-term or intermediate goals, such as:
Investing for shorter-term goals may mean using a less aggressive strategy. Some individuals may choose to invest money in the stock market, while others may prefer to put the money in a bank savings account or a money market fund that carries less risk.
Investing a portion of your savings in the market may be more suitable if you expect to buy a new car or take that dream vacation several years from now, are saving for a house or a second home, or have other intermediate to long-term goals.
If you’re willing to take some investment risk for potential appreciation beyond most banks and money market funds, Thrivent offers a couple of bond funds.
Like nearly all mutual funds, they provide liquidity for investors who may need their money on short notice. Just keep in mind that the amount of money available to you would vary, depending on the performance of the funds:
General investment accounts are taxable accounts that are often used when saving for interim goals.
No matter how you choose to invest—be sure to weigh your options and carefully consider the risks.
i New accounts with a minimum investment amount of $50 are offered through the Thrivent Mutual Funds "automatic purchase plan." Otherwise, the minimum initial investment requirement is $2,000 for non-retirement accounts and $1,000 for IRA or tax-deferred accounts, minimum subsequent investment requirement is $50 for all account types. Account minimums for other options vary.
The information provided is not intended as a source for tax, legal or accounting advice. Please consult with a legal and/or tax professional for specific information regarding your individual situation.
The concepts presented are intended for educational purposes only. This information should not be considered investment advice or a recommendation of any particular security, strategy, or product.
Investing Insights newsletter
A monthly digest of market events and our perspectives around them.
If you tend to spend more than you can afford on holiday gifts and events, here are a few tips to help you survive the holidays without running up your credit card debt.
If you tend to spend more than you can afford on holiday gifts and events, here are a few tips to help you survive the holidays without running up your credit card debt.
11/15/2022
When markets fluctuate, the last thing many of us want to do is continue investing in them. But rather than being scared by market volatility, take advantage of it with a strategy called dollar cost averaging.
When markets fluctuate, the last thing many of us want to do is continue investing in them. But rather than being scared by market volatility, take advantage of it with a strategy called dollar cost averaging.
09/27/2022
When the stock market starts to fluctuate, do you get the urge to move your funds in the hopes of boosting your returns? Resist that urge. Because while attempting to time the market may boost your returns initially, it could also hurt you financially in the long run.
When the stock market starts to fluctuate, do you get the urge to move your funds in the hopes of boosting your returns? Resist that urge. Because while attempting to time the market may boost your returns initially, it could also hurt you financially in the long run.
08/30/2022
Why ‘building an ark’ can help you weather a down market.
Why ‘building an ark’ can help you weather a down market.
08/09/2022