Many of us are so busy with our day-to-day lives, making short-term decisions left and right, that we don’t pay much attention to the long term — to our futures. When we do think about it, we often put off doing things that we ought to do — like saving and investing for our retirement years…
Of course, you want some return on your money, but yield is not the first consideration. You should be looking for a very safe place to put your money, with a high degree of liquidity and minimal investment expense, says Kent Grealish, a fee-only investment planner at Grealish Investment Counseling in San Mateo, California. The return on your investment might be a factor, but it’s lower on the list in the short term.