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It's a new year and thus
time for something new - The Hornstein Newsletter. I know, just what
you need, more to read. Well, we're going to make it short and
sweet. So hopefully you'll read and enjoy it. I believe this year
will be another tough one. The economy is in bad shape. Too many
people are losing their jobs and homes, and the stock market is
going up and down like a rollercoaster. So what can you do?
The first thing is to look at your emergency fund. Do you have
eight months of savings to cover your basic expenses if you lost
your job, got really sick, or had a bad car accident? I know that
sounds like a lot, but with all the uncertainty out there, a little
extra cushion is a good idea.
What if you don't have that cushion? My best advice is to start
saving a little every month, even if it is just a few hundred
dollars.
And where should you put this money? In the safest place
possible. No, not under your mattress! Consider putting the money in
an FDIC guaranteed bank savings account, a money market account or a
short-term bond. I know these pay almost zero percent interest. What
is important here is that the money is relatively safe and you can
get to it quickly without a penalty or loss.
If you have any questions or need any help, please contact my
Financial Assistant, Evan Press, at 818.887.9401 or by Email at
evan.press@lpl.com.
In fact, if you have any questions about your financial
situation, need advice before you make an investment or a big
purchase, or want help making sure that you can meet your financial
goals, please contact us. Also, if you know someone who could
benefit from our services, please contact us. We would love an
introduction. We are a full-service financial group, with experts in
estate planning, taxes and investments.
Steve H. Hornstein, CPA, Esq., LL.M., CFP™
Hornstein Financial
20335 Ventura Blvd., Suite 203
Woodland Hills, CA 91364
Office: (818) 887-9401
Fax: (818) 887-7173
Toll-free: (888) 280-8100
www.hornsteinfinancial.com
The opinions reflected in this document are for information purposes
only and are not intended to be an offer or solicitation. To
determine which investments may be appropriate for you, consult
myself or another financial professional prior to investing. Bonds
are subject to market and interest rate risk if sold prior to
maturity. Bond values will decline as interest rates rise and are
subject to availability and changes in price. The past performance
of securities or other investments does not necessarily indicate or
predict future performance.
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