Avoiding The Trap Of Chasing The Highest Rates Communicating Your Investment Strategy Developing An Investment Strategy Finding Money Reducing Risk In Your Operational Fund.html The Yield Curve
Investment Philosophy
Brokerage Services Investment Advisory Services Pension Services Consulting Services
Developing an Investment Strategy

Having a plan or strategy is critical. Without a plan, you’re just picking investments and chasing today’s yield, and that’s not always the most profitable bet, nor the safest.
Ironically, many without a plan will simply purchase CDs, shopping to find the best-paying interest rate. Most people feel safe with this approach because CDs are very safe and typically short-term, so there’s no problem with liquidity (refer to Chapter 2). But if interest rates start to fall, this approach results in a major risk.

How do you develop a strategy? If you haven’t put one together already, I would suggest getting some help.

Elements of a Good Strategy

Your strategy or plan has to work within the guidelines of your investment policy, so if that policy needs clarification or work, now’s a great time. After you define and meet your liquidity needs, you can look at designing your portfolio — also known as your reserve fund.