It is important to build a General Investment Fund (GIF) for the family. Briefly, a GIF is designed to meet lump sum non-normal, non-emergency and non-retirement fund contribution.
Examples of GIF expenses are:
-Buying a vehicle
-Down payment on a house
-Renovation of a house
-Selective financial intervention and support
Strategy for a General Investment Fund
A general investment account takes care of these non-normal, non-emergencies and non-retirement financial needs.
Constitution of a general investment account – the right mix of debt, equity and perhaps real estate.
Try to allow three to five years to pass between initial contribution to a GIF and first withdrawals from it.
Schedule a call today to know more about General Investment Fund.