INVESTING
Roland Hancock, of Edward Jones, describes investing as “a journey”, one he helps guide individuals through. Rolie Hancock is a financial advisor at the Edwards Jones office in Bainbridge. Hancock holds initial meetings with clients to establish an investment plan and works with recurring clients to assess their current plans. According to Hancock, investing is putting your money to work now in assets to help increase its value for the future or help generate cash flow. It involves purchasing assets (stocks, bonds, etc.) that are expected to be worth more in the future and selling them for a profit. Investing is a journey, and it takes a plan, according to Hancock. He helps individuals make one and works with them to invest in the right assets. “It’s just like climbing a mountain,” Hancock said. “You’re going to go through valleys. There’s going to be highs and lows. But
eventually, you’re going to get to the peak.” Before making an investment plan, Hancock advises that a potential investor should set aside an emergency fund. The fund is a lump sum in a secure account that an investor can use in an emergency. Hancock said this ensures they are covered financially in unexpected costs or misfortune. Having a goal for an investment plan is very important, according to Hancock. He said having a goal gives your money purpose. An investment goal can look like building a retirement or college fund, saving up for large costs such as car or house purchases, or supplementing extra income. Along with other goals, Hancock said one of the main reasons to invest is to keep up with inflation. He explained that individuals can grow their money alongside Summer 2023 / BAINBRIDGE LIVING 15