In our money segment, Tyler Simones of Northwest Quadrant Wealth Management joined Central Oregon Daily at 3pm to talk about the stock market. The market is at a record high, yet some investors are not experiencing that same kind of growth. Tyler explained it’s because when stocks are up, bonds are typically down, and most investors have a mixed portfolio with both stocks and bonds. He recommends having bonds in your mix but perhaps look for shorter term bonds.
Tyler also talked about the importance of paying yourself first, which means deciding on an amount, no matter how low or high, to put aside first before paying bills or anything else. He says if young people can begin this habit now, it will make all the difference for their financial future.