Ask Paula: Do I really need a Financial Advisor?
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The S&P 500 Is a Good Place for That Money
The S&P 500 can certainly be a piece of that mix, but it needs to be diversified. And this goes back to our earlier conversation about asset allocation. She is a short term bucket of money she's going to need five years from now to start living on. How much is that? How much is she going to need per month per year? Then for those early years, put those in very conservative investments so she knows that that money's not down when she needs it. It all starts with, when am I going to need the dollar?
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