By Samantha Compton

Last month, I introduced Principles #2 and #3 of the 5 Principles of Financial Planning:

Principle #2:  No investment decisions outside the context of the plan

Principle #3:  The plan determines the products

As a quick review, Principle #2 means just what it says.  Do not make ANY investment decisions without having and referencing a comprehensive financial plan.

Principle #3 points us back to the PURPOSE of the funds in order to determine exactly what kinds of investment products to use to accomplish that purpose.

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