Discover the secrets to smarter financial planning with Jeet Dhillon, Senior Portfolio Manager at TD, in an exclusive interview on Radio Y with RJ Priya. From balancing Black Friday shopping to planning long-term investments, Jeet shared practical strategies to navigate the holiday season and beyond with financial discipline.
Holiday Shopping Meets Smart Investment Strategies
The festive season often brings a mix of joy and financial stress. Jeet emphasized the importance of creating a shopping budget and sticking to it, avoiding the dreaded January credit card bill shock.
“This is a fun and emotional time, but discipline is key. Set a budget and stick to it, because overspending now can cause stress later,” Jeet advised.
She recommended applying the same discipline to investments, highlighting the significance of a diversified portfolio to meet both immediate and long-term goals.
Needs vs. Wants: The Golden Rule of Financial Planning
How do you distinguish between what you need and what you want? According to Jeet, it’s all about identifying essential expenses—like housing and bills—versus discretionary spending.
“When we talk about needs and wants, focus on what you truly can’t live without. Save for necessities first, and then work towards your dreams,” she explained.
By focusing on saving for necessities first, you can work toward achieving your larger financial dreams, whether it’s a new home or a child’s education.
The Importance of Savings Discipline
Jeet highlighted the role of consistent savings in building financial security. Whether it’s saving as little as $10 a month or making substantial investments, the key is understanding your financial needs and the risks associated with investments.
“Savings discipline is essential. Even a small amount saved consistently can grow over time and bring you closer to your goals,” she said.
Jeet also warned against chasing high returns without understanding the associated risks.
“Don’t just look at the return. Think about the risk and whether it aligns with your situation,” she cautioned.
Short-Term vs. Long-Term Investment Planning
Jeet explained how the time horizon of your goals should dictate your investment choices. For short-term needs, safer options like savings accounts or low-risk investments are ideal. For long-term goals, such as retirement, she recommended good-quality stocks and bonds that offer growth potential over time.
“If you need money in the next 6 to 12 months, focus on safeguarding it. For long-term goals, time is your ally—invest in quality options that can grow,” Jeet advised.
Expert Guidance at Your Fingertips
The most empowering message from Jeet’s interview? You’re not alone in your financial journey. Whether you’re a seasoned investor or just starting, TD’s advisors are here to help.
“If you don’t have the knowledge or experience, reach out to financial advisors. We’re here to guide you every step of the way,” Jeet reassured listeners.
Start Your Journey Today
Tune in to Radio Y for more insightful interviews like this one, and let TD guide you toward financial freedom. For personalized advice, visit your nearest TD branch and speak with their financial experts. This holiday season, make smarter choices—for your shopping list and your portfolio.
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