What is a secret blunder lurking in many people’s investment accounts? Uninvested cash left sitting for months, years, even decades.
How does this happen? A simple misunderstanding upon transferring or adding new money to brokerage accounts. Here is how money gets invested in a brokerage account:
Here is what often happens:
This is a very common occurrence when:
- Money is rolled over from a workplace retirement plan to a Rollover IRA
- Money is deposited on a one-time basis
- Money is deposited on an automatic basis, but the subsequent automatic investment instructions aren’t complete.
So, quick to-do for you:
- Check your investment accounts for large chunks of cash.
- Get that money invested as soon as possible.
- Take a second look at automatic investments to make sure that the secondary instruction (trade into your funds) is in place.
Need help making the investment decision? Set up an appointment with your financial advisor – who is hopefully me! Drop me an email at kristi@sullivanfinancialplanning.com if it’s time to review your portfolio and we will set up a time.
