Keeping posted

Personal Finance | This step in the accumulation process may be complex, but it is pivotal to long-term success | David Bahnsen

This series is focusing on a Christian perspective on "accumulation"—how a believer ought to approach the accumulation of money he will need for his various life goals. We started with the premise that planning is a commendable thing, and from there, divided "planning" into three stages: (1) Accumulation, (2) Preservation, and (3) Transfer. We reiterated the need for accumulation to be defined in the context of specific financial goals ("retirement" living, college savings, a new house, etc.). We established the basic benefit of compounding and laid out the necessity of an "asset allocation" plan (blending investments of various risk and reward characteristics in such a way that they make sense for our goals and our temperament).