Kosher Money How to Invest Wisely in 2025
Dec 10, 2024
Jonathan Shenkman, the President and Chief Investment Officer of Park Bridge Wealth Management, offers valuable insights on smart investing for 2025. He emphasizes a cautious approach, steering clear of chasing high returns. Shenkman discusses the importance of understanding investment time horizons and tailoring strategies based on individual goals. He also highlights short-term options and the significance of automation in investment decisions, alongside promoting informed charitable giving linked to tax benefits for better financial outcomes.
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Time Horizon
- Determine your investment time horizon.
- This dictates appropriate investment strategies.
Financial Prioritization for Young Adults
- Start with a 3-6 month emergency fund.
- Prioritize long-term retirement savings (e.g., 401k, IRA) for exponential growth.
Short-Term Cash Management
- Park short-term cash in money market accounts, CDs, or T-bills.
- Consider high-yield online banking accounts but prioritize reputable institutions.
