009 Investing 401 Managing Your Investments

Our 4-part series on investing comes to a close. At this point you are confident enough to start investing, and also have the outlines of a basic strategy to make it easy and worry-free. In this week's episode, you'll learn that there are a few things you need to do to make sure that the computers, banks, and brokerages do what you want them to do with your money. Investing 401 Managing Your Money talks through the steps to set up automatic investments in your TSP and brokerage, and the different savings plans to use for your cash accounts -- filling your Emergency Savings Fund is a sprint, while bulking up your War Chest is "slow and steady." With the right settings and regular yearly check-ups on your automated investments, you will smartly step out on your mission to build wealth now and become a TSP Millionaire. But don't worry: just like the rest of the Investing Series, 401 is all about keeping it simple and manageable for the military lifestyle. While you do have to spend a few minutes and set some calendar reminders, so long as you get the settings right the first time, managing your investment accounts will take less time each year than you need to complete your Annual Physical Fitness Test! So tune in now and learn about simple settings like dividend reinvestments (DRIP), capital gains reinvesting, tax-loss harvesting, self-financing and becoming your own bank -- and as a bonus, learn what to do with your TSP when you separate from the service. Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.