Most important, "there's nothing inherently wrong with leverage," or borrowed money, says Christopher Jones, a Las Vegas financial planner working with high-net-worth clients. For people with the capacity to take on debt, who understand it and can tolerate the risk, "now is an ideal time to leverage cheap dollars to buy into areas that can produce much higher returns over the longer term," he says.
In The News
As he works to expand his business in Las Vegas, financial planner Christopher M. Jones maintains strong ties to his Pennsylvania client base.
According to local financial advisors, "the worst time to make investment decisions" is following a stock market sell-off. Christopher M. Jones advises "investors to stay calm." He says that the "people making money five years from now are the people who are buying shares today." Mr. Jones also provides advice on asset allocation.
This article recommends that you do an annual checkup on your "financial well-being." You'll need to determine how much you will need for retirement and whether you are saving enough. Christopher M. Jones says that "you're looking for educated guesses and ballpark numbers, not exact figures."
"Christopher Jones reads all the reports saying money is a leading cause of divorce. He's not buying it. It's more the way people communicate about finances."