Ask the Advisor: Don’t Let the Elections Affect Your Investing Choices

By Craig Floerke

Craig Floerke is manager of investment services with SchoolsFirst FCU. He has been working in the investment industry for 26 years, four of them with the Credit Union. Floerke oversees a team of 16 financial advisors who are dedicated to helping Members prepare for their financial futures and work toward building lasting security.

It’s not surprising that the current political climate is awash with drama. Each day brings new and often sensational headlines, which will probably grow even more dramatic as we head into the November elections. And because presidential candidates have their specific economic platforms to promote, the media and political pundits tend to create worst-case scenarios on how each will affect the American economy. As a result, investor emotions may run high, which could cause the stock market to get pretty bumpy. If this occurs, should you be worried about your own investments?

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Understanding Inflation

Reprinted Courtesy of “It’s a Money Thing

Understanding Inflation

When most people think of inflation, their response is usually similar to when they see a vintage advertisement: reminiscing about the cheaper prices of the past (15 cents for a burger? Awesome!) while simultaneously feeling some resentment towards today’s ever-rising prices. Generally, inflation is seen as a frustrating “financial fact of life” that passively affects everyone as price levels climb and as the dollar’s purchasing power decreases over time.

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9 Ways to Master Your Money

Article Reprinted Courtesy of Balance Financial Fitness Program

Money growing in soil , Business success concept.

Set Specific Goals

Saving tends to be easier when you have a certain purpose in mind: Saving for your first house, retirement at a certain age, a child’s college education, or even a trip around the world. The important thing is to be specific.

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It’s a Money Thing: It Pays to Start Saving Now

In case you haven’t heard, compound interest is the best.

You may remember it as an equation you had to memorize for math class, but it’s so much more than that. It’s the concept that powers all sorts of savings and investment products and, over time, allows you to turn your money into, well, more money!Even though compound interest is easy to understand—compound interest = more money for you!—those who can potentially benefit most from it (those in their teens and 20s) don’t seem to be taking advantage of it. Savings contributions and retirement savings participation rates are falling among young adults.

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