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Financial Advisors Bennington VT

It’s hard not to overspend when you’re in college but if you are smart you will tighten up and start saving and investing your money instead. Commercial banks are now offering more investment products that offer flexible options. Open up a free student checking account and start saving money you won’t spend on a savings account. Once you build up enough savings put that money into a short-term certificate of deposit that will grow for you. From there you can graduate to more serious investment options. It’s totally possible if you start off this way. Here you will get sensible investment tips that will advise you on stock investment, mutual funds, bonds and ETF’s. Please scroll down for more information and access to the financial advisors in Bennington, VT listed below.

Janice Swenor
Langtree Associates
(802) 442-9311
115 Elm Street
Bennington, VT
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, College/Education Planning, Middle Income Client Needs, Newlyweds & Novice Investors, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA, MS

Ms. Kristin W. Reed, CFP®
(802) 442-9311
204 South St
Bennington, VT
Firm
Langtree Associates

Data Provided By:
Mr. Michael E. Slattery, CFP®
(802) 681-7396
160 Benmont Ave Ste 17A
Bennington, VT
Firm
Northwestern Mutual®
Areas of Specialization
Asset Allocation
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $250,001 - $500,000

Profession: Business Executives

Data Provided By:
Mrs. Brenna Ann Warren, CFP®
155 North St
Bennington, VT
Firm
The Bank of Bennington, Money Concepts

Data Provided By:
Ms. Doris Hancock Karampatsos, CFP®
(413) 663-2343
795 Main Street
Williamstown, MA
Firm
True North Financial Services

Data Provided By:
Ms. Gail A. Mauricette, CFP®
(802) 442-8174
311 North Street
Bennington, VT
Firm
Crossroads Accounting LLC

Data Provided By:
Mr. Donald B. Mckenna, CFP®
(802) 447-1530
207 Main St
Bennington, VT
Firm
Bennington Finl Plng Group
Areas of Specialization
Estate Planning, Investment Management, Investment Planning, Life Planning, Tax Planning, Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $50,001 - $100,000



Data Provided By:
Mr. Brian D. Mckenna, CFP®
(802) 447-1538
207 Main St
Bennington, VT
Firm
D.B. McKenna & Co., Inc.

Data Provided By:
Mr. David W. Orton, CFP®
(518) 852-6026
585 Sumner Road
Stamford, VT
Firm
Pyramid Funds Corporation
Areas of Specialization
Asset Allocation, Insurance Planning, Investment Management, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $50,001 - $100,000



Data Provided By:
Mr. Bruce P. Mullen, CFP®
(802) 464-8998
PO Box 400
Wilmington, VT
Firm
Mullen Financial Strategies
Areas of Specialization
Investment Management
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $50,001 - $100,000

Profession: Not Applicable

Data Provided By:
Data Provided By:

Discovering Investment Options

By David Pekema
AOL Calculator .
  • Safe bets – Opening either a CD or an online savings account is a great option for the conservative investor. The interest rate of return is comparatively lower than some of the riskier investment options, but the reason is simple—these accounts aren't at all risky.
  • A happy medium – Bonds, mutual funds, and ETFs are often noted as striking the perfect balance between risk and reward investing. Investing in a bond nets a fixed interest rate in return, while mutual funds and ETFs are made up of many stocks, so the chances of all of them tanking are low.
  • Risky business – Stocks are probably the #1 cause of heart-disease in the Western world. Essentially, with a stock you buy a share of the company and reap the benefits if the company is successful. If the company goes belly-up, so does your investment. Good luck.
  • Play the field – You can afford to be a little riskier when you're young and don't have much to lose. It's best to practice investing now when you're fresh and bold, but make a habit of diversifying your portfolio rather than “laying it all on red.”
  • It’s hard enough to keep up with rent, utilities, food, and debt payments on a first year’s salary, which is why most recent graduates keep their money in the same li’l junior’s checking account that our grandmothers set up for us when we were ten. But keeping your money in a zero- or very-low-interest rate checking account

    is akin to going to the gym, stretching, and then walking on a treadmill for an hour. Sure, it’s safe and flexible, but you’re not a crotchety octogenarian yet. You want rock hard abs. You want tone. You want more.

    The two biggest misconceptions about investing are that you need a ton of cash to start and that it necessarily locks your money away until you’re fifty. Fact is, if you start off with a thousand bucks and add a measly fifty more each month, in five years a conservative stock portfolio would leave you with about $4500 dollars. The key is to just be a little disciplined. Think about it this way: throwing home-brewed coffee into a to-go cup everyday rather than dropping five dollars at Starbucks would save you enough to start a pretty significant investment portfolio that, in a couple years, could add up to a week in Thailand or a Cartier watch. But how to wade through all of the options? Investing is a whole lot like picking up women, from the risks (bankruptcy/a dose of the clap) and the rewards (cash/knockin' boots). Here's how to make the right choice for you.

    Note: In all cases, look for the best rate possible and avoid high fees. A little effort can mean a big difference in your long term savings. Talk with friends about their investment choices and performance. Comparison shop the banks in your area. Scour the Internet for the best possible CD. And, most importantly, whether buying a mutual fund or transferring money to and from accounts, avoid unnecessary fees

    ...

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    Understanding the Benefits of Investing

    By David Pekema

    There’s a lot more to investing than tying up major funds in order to one day purchase a home or retire in Aruba. It may not seem like it, but you make investment decisions every day. Buying new shoes—investment decision. Leaving your meager savings in a checking account rather than a high yield savings account

    —investment decision. Spending $200 on Cinco de Mayo margaritas—investment decision (an enjoyable one, I might add). Truth be told, everything you do with your money is an investment decision—some just have the potential to bring you much larger returns.

    Given the profusion of low-cost options available over the Internet, there has never been a better time to be a young investor. New, high-yield online savings accounts offer high returns (up to ten times higher than traditional savings accounts), zero risk, and complete liquidity. Exchange-traded funds (ETFs) give you the diversity of mutual funds, with low minimum investments. Many companies will make matching 401(k) contributions. Heck, buying stuff on eBay then turning around and re-selling it is even a kind of investment. Mutual funds, IRAs, and blue-chip stocks will definitely have a large place in your portfolio down the road, but for the time being, any prudent financial decision you make will have lasting benefits.

    “Why should I invest?”

    “More young Americans believe Elvis is alive than believe that they’ll ever see a Social Security check.” – John McCain

    It seems like a valid question. What’s the fun in stashing away your hard-earned money in a robotic sounding 401(k) when you could be downing mojitos, strutting in Diesel jeans, or leasing a brand new Lexus instead? We’ve lived like serfs for four years in order to land jobs. Once the paychecks start rolling in, it’s our right to spend the money as we please.

    Then again, “Why should I brush my teeth?” “Why should I wear pants to work?” and “Why should I put on this condom?” could all also be considered valid questions. The answer to the investment query—as with the other three—is not complicated. Although it may not be fun now, investing even small amounts while you’re young affords you the opportunity to one day own a home, live debt free, and guarantee that you won’t be greeting customers at Wal-Mart well into your seventies.

    Not that all investing is about retirement. These days, leaving all your cash in a simple checking or savings account doesn’t make any sense. Online savings and trading accounts will earn you two to five times as much interest. It’s all about making your money work for you—the only trick is to choose the right bank account for your every day funds, as well. E-Trade’s on-line savings account consistently boasts some of the best interest rates available, and Scottrade’s $7 commissions on stock trades make investing affordable for everyone. There are a myriad of investment options out there (fear not, we’ve got you covered), so whether saving up for a ...

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