Windy City Media Group Frontpage News

THE VOICE OF CHICAGO'S GAY, LESBIAN, BI, TRANS AND QUEER COMMUNITY SINCE 1985

home search facebook twitter join
Gay News Sponsor
Donate

Sponsor
Sponsor

  WINDY CITY TIMES

Follow the '3 Ds' of Investing
A recurring column
by James E. Elvord and RBC Wealth Management
2013-07-29

This article shared 2432 times since Mon Jul 29, 2013
facebook twitter google +1 reddit email


People who just start investing sometimes are surprised to find their holdings don't smoothly move up, up, up after they've bought them. The fact is, the market moves up and down, and no investment is guaranteed to always be increasing in value. But you can tilt the odds in your favor of the outcome you're seeking if you simply follow the "3 Ds" of investing: diversification, dollar-cost averaging and discipline.

Let's take a look at these concepts:

-Diversification: Not all investments respond to the same events in the same way. For xample, negative economic news may hurt stocks, but help bonds. That's why it's essential to diversify your holdings among a wide array of stocks, bonds, government securities and money market funds. By balancing your mix of investments in line with your risk tolerance, you'll reduce the chances of being dragged down by just one asset class and at the same time, you'll give yourself more opportunities for success.

Dollar-cost averaging: When you dollar-cost average, you basically put the same amount of money in the same investments over regular time intervals. In other words, you're automatically savvy enough to buy more shares when they're on sale, and fewer shares when they're expensive. Over the long term, dollar-cost averaging can help you significantly lower your overall investment costs. And because you've bought extra shares when they were cheap, you'll be in an especially good position when their price goes up.

Discipline: To achieve your goals, you need to stick with your investment philosophy. In other words, you need to know your reasons for investing, your investment preferences and your tolerance for risk. When you're a disciplined investor, you won't let emotions such as fear and greed drive your decisions. And you won't be constantly reacting to the short-term events and market volatility that influence so many people. "Keep your eyes on the prize" has been a rallying cry for people involved in many different endeavors. And it's just as a good a motto for investors.

Whenever you're concerned about your investments, remember the "3 Ds" of investing. They won't let you make a killing overnight, but they can sure add life to your investment picture for years to come.

This article is provided by James E. Elvord, AWM, a financial advisor at RBC Wealth Management in Chicago, and was prepared by or in cooperation with RBC Wealth Management. The information included in this article is not intended to be used as the primary basis for making investment decisions nor should it be construed as a recommendation to buy or sell any specific security. RBC Wealth Management does not endorse this organization or publication. Consult your investment professional for additional information and guidance. RBC Wealth Management does not provide tax or legal advice.

Provided by James E. Elvord and RBC Wealth Management

RBC Wealth Management, a division of RBC Capital Markets LLC, Member NYSE/FINRA/SIPC

James E. Elvord, AWM, Financial Advisor, RBC Wealth Mgmt., 312-559-1738 or 800-683-3246, james.elvord@rbc.com .


This article shared 2432 times since Mon Jul 29, 2013
facebook twitter google +1 reddit email

  ARTICLES YOU MIGHT LIKE

Gay News

Supreme Court hears Colorado religious objection case 2022-12-05
- The ordinary rights of LGBTQ people are on the line again at the U.S. Supreme Court —this time on Monday, December 5, with a case seeking to allow any business to deny service to a customer ...


Gay News

Windy City Times holiday shopping guide 2022-12-03
- If you're looking for ideas for holiday gifts, check out what we have to offer: A supreme idea: You may not know this but one of the coolest new stores in Chicago is the Wicker Park spot Supreme, at 1438 N. ...


Gay News

The Northalsted Business Alliance makes statement on Club Q Shooting in Colorado Springs 2022-11-23
-- From a press release - The Northalsted Business Alliance shares its thoughts and prayers with our LGBTQ+ family in Colorado suffering from yet another senseless gun tragedy. We mourn the five lives lost and stand with those injured and traumatized ...


Gay News

Tulsa business attacked after hosting drag event, HRC responds 2022-11-03
-- From a press release - WASHINGTON, D.C. — On Oct. 31, news broke that a business based in Tulsa, Oklahoma, the Donut Hole, was vandalized when someone threw a Molotov cocktail — a hand-thrown incendiary weapon — after hosting an event ...


Gay News

WCT's Andrew Davis moves to The TRiiBE, Matt Simonette named WCT Executive Editor 2022-11-01
Windy City Times news release - Longtime Windy City Times executive editor Andrew Davis is stepping down from his post to take a new full-time role as digital news editor of The TRiiBE, an outlet that is working to reshape the narrative ...


Gay News

Esquire: Chicago has three of the country's 'most fun' LGBTQ+-inclusive bars 2022-10-27
- Esquire magazine's editorial staff curated a list of the "most fun and inclusive LGBTQ+-friendly bars"—and the choices may seem surprising. The magazine chose the Uptown spots Big Chicks and Carol's Pub as well as the Andersonville ...


Gay News

Dillin Ravenscraft new ED OF LGBT Chamber of Commerce-Illinois 2022-10-20
-- From a press release - The board of directors for the LGBT Chamber of Commerce — Illinois [LGBTCC] announced the selection of Dillin Ravenscraft as the organization's new executive director, effective Oct. 24. ...


Gay News

THINGS TO DO Open House Chicago taking place Oct. 15-16 2022-10-14
- The Chicago Architecture Center (CAC) is presenting Open House Chicago (OHC) 2022 presented by Wintrust on Oct. 15-16. The public is encouraged to discover a roster of 150+ sites in 20 community areas over the weekend, ...


Gay News

Philadelphia hosts street renaming ceremony for gay tourism expert 2022-10-11
- On Oct. 11, Philadelphia officials will honor the late civic pride booster, celebrated author and former Visit Philadelphia President/CEO Jeff Guaracino by renaming a portion of South 13th Street after the tourism marketer and LGBTQ+ trailblazer ...


Gay News

Red Stars name Kim Vender Moffat as board chair and Mike Ernst as interim chief business officer 2022-10-11
-- From a press release - CHICAGO—The Chicago Red Stars announced the changes to the board of directors and front office to further the club's efforts to reorganize leadership. Kim Vender Moffat will now serve as the chairwoman on the board of ...


Gay News

Chicago Marathon adds non-binary division, albeit quietly 2022-10-05
- The Bank of America Chicago Marathon—taking place Sunday, Oct. 9, throughout the city—has quietly made a significant change this year. The race will hold a non-binary division for the first time ever, The Chicago Sun-Times reported. ...


Gay News

UpRising Bakery hosts LGBTQ+ history event; protesters still a constant 2022-10-02
- A handful of anti-LGBTQ+ protesters regularly stand outside the mall that houses UpRising Bakery and Cafe in Northwest suburban Lake in the Hills. That was the case again Oct. 1, the start of LGBTQ+ History Month, ...


Gay News

Person found dead at Berlin Nightclub 2022-10-02
- Police are investigating a death at Berlin, a longtime LGBTQ+ nightclub in Chicago's Lake View neighborhood at 954 W. Belmont Ave., according to ABC 7 Chicago. A 27-year-old person (identified as female by Chicago police, according ...


Gay News

FashionBar hosting Chicago Fashion Week, PFLAG conference 2022-10-01
- Fashion Bar announced that it's hosting Chicago Fashion Week. The shows will take place Oct. 16-23 at Water Tower Place, 835 N. Michigan Ave. Additionally, FashionBar will host the. PFLAG Northern Illinois conference at Water Tower ...


Gay News

Molson Coors donates $50,000 to 14 LGBTQ+ organizations through annual Tap Into Change program 2022-09-27
- The beverage company Molson Coors presented $50,000 to 14 LGBTQ+ organizations at Sidetrack Sept. 26 as part of its 11th annual Tap Into Change program. Organizations partnered with local bars during the summer to raise money ...


 




Copyright © 2022 Windy City Media Group. All rights reserved.
Reprint by permission only. PDFs for back issues are downloadable from
our online archives. Single copies of back issues in print form are
available for $4 per issue, older than one month for $6 if available,
by check to the mailing address listed below.

Return postage must accompany all manuscripts, drawings, and
photographs submitted if they are to be returned, and no
responsibility may be assumed for unsolicited materials.
All rights to letters, art and photos sent to Nightspots
(Chicago GLBT Nightlife News) and Windy City Times (a Chicago
Gay and Lesbian News and Feature Publication) will be treated
as unconditionally assigned for publication purposes and as such,
subject to editing and comment. The opinions expressed by the
columnists, cartoonists, letter writers, and commentators are
their own and do not necessarily reflect the position of Nightspots
(Chicago GLBT Nightlife News) and Windy City Times (a Chicago Gay,
Lesbian, Bisexual and Transegender News and Feature Publication).

The appearance of a name, image or photo of a person or group in
Nightspots (Chicago GLBT Nightlife News) and Windy City Times
(a Chicago Gay, Lesbian, Bisexual and Transgender News and Feature
Publication) does not indicate the sexual orientation of such
individuals or groups. While we encourage readers to support the
advertisers who make this newspaper possible, Nightspots (Chicago
GLBT Nightlife News) and Windy City Times (a Chicago Gay, Lesbian
News and Feature Publication) cannot accept responsibility for
any advertising claims or promotions.

 
 

TRENDINGBREAKINGPHOTOS







Sponsor


 

Sponsor


Donate


About WCMG      Contact Us      Online Front  Page      Windy City  Times      Nightspots
Identity      BLACKlines      En La Vida      Archives      Advanced Search     
Windy City Queercast      Queercast Archives     
Press  Releases      Join WCMG  Email List      Email Blast      Blogs     
Upcoming Events      Todays Events      Ongoing Events      Bar Guide      Community Groups      In Memoriam     
Privacy Policy     

Windy City Media Group publishes Windy City Times,
The Bi-Weekly Voice of the Gay, Lesbian, Bisexual and Trans Community.
5315 N. Clark St. #192, Chicago, IL 60640-2113 • PH (773) 871-7610 • FAX (773) 871-7609.