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MI Rewind: Why and How You SHOULD Invest Your Emergency Fund w/ Chris Kawaja
Millennial Investing - The Investor’s Podcast Network
Investment Strategy for Millennials: Importance of Allocation and Different Buckets
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Differentiating investment money into three distinct buckets is a key strategy. The retirement bucket should primarily consist of stocks due to their long-term growth potential. The emergency fund, serving to preserve the value of money after taxes, should be the first priority before investing in the retirement portfolio. This fund should be allocated to short-term securities and high yield savings to minimize the risk of losing money. Millennials often make the mistake of not segregating their money into different buckets, leading to confusion and misallocation. By understanding the job of each bucket, millennials can make informed investment decisions and maximize the chance of preserving the value of their money.
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