Details for Father's Day Article


Tools are Great for Father’s Day – and for Investors

By Mark D. Berghuis,
aaMs®, CrPC®
FinanCial aDvisor
eDwarD Jones investMents

If you’re a dad, you may well
be pleased to unwrap some
tools as Father’s Day gifts. Of
course, it might be a stereotype
that all men are handy at
repairs; women certainly can be
every bit as good when it comes
to building and fixing things. In
fact, the construction process is
valuable for anyone to learn –
and the same skills that go in to
creating and mending physical
objects also can be applied
to financial projects – such as
working toward a comfortable
Here are a few of those skills:

• Diagnosing the challenge –
A good craftsperson knows
that the first step toward
accomplishing any outcome is
to assess the challenge. So, for
example, if you want to build
some bookshelves right into
the wall, you’ll need to locate
the wall studs, determine if you
have adequate space for the
shelving you want and allow
room for future expansion.
Similarly, if you want to retire
at a certain age, you need to
consider the key variables: your
current and future income (How
much can you count on from
your retirement plans?), where
you’ll live (Will you downsize
or relocate? Will you rent or
own a house or condominium?)
And what you’ll do as a retiree
(Will you travel extensively or
stick close to home? Will you
do some type of work for pay
or pursue your hobbies and
• Assembling the right tools
and materials – To put together
your bookshelf, you will need
the right tools – saw, hammer,

drill, sander and so on – and
the right building materials –
plywood, nails, screws, glue,
brackets, moldings and so
on. And to work toward a
comfortable retirement, you’ll
also need the right tool – in the
form of a long-term financial
strategy, based on your specific
retirement goals, risk tolerance
and time horizon – along with
the appropriate materials –
the mix of investments you
use to carry out that strategy.
These investments include
those you’ve placed in your
IRA, your 401(k) or other
employer employer-sponsored
retirement plan, and those held
outside your formal retirement
accounts. Ideally, you want a
diversified mix of investments
capable of providing growth
potential over time, within the
context of your individual risk
• Review your work – Once
you’ve finished your bookshelf,
you occasionally may need to
make some minor adjustments
or repairs in response to

slippage, cracks or other issues
that can develop over time.
As an investor, you also may
need to tweak your financial
strategy periodically and adjust
your investment mix – not
necessarily because something
is broken, but to accommodate
changes in your life, such as a
new job, new family situation
and new goals. Furthermore,
over time, your risk tolerance
may change, and this needs
to be reflected in your array
of investments. Consequently,
conducting an annual portfolio
review with your financial
professional should be a
Tools are a big deal
on Father’s Day. But the
they represent, physically and
symbolically, go beyond any
one holiday and can be used by
anyone interested in working
toward a solid financial future.
This article was written by
Edward Jones for use by your
local Edward Jones Financial


You may be interested in

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.