John Fawaz appears each Tuesday on Good Morning Tennessee.-
Three middle schoolers are facing felony vandalism charges for causing damage to several classrooms in a Rockwood elementary school.More >> Three middle schoolers are facing felony vandalism charges for causing damage to several classrooms in a Rockwood elementary school.More >> Official charges have been filed against the former police officer who opened fire at a Bean Station pharmacy, killing the owner and another man, and injuring two women.More >> Official charges have been filed against the former police officer who opened fire at a Bean Station pharmacy, killing the owner and another man, and injuring two women.More >> Roger Welchel, 54, died Thursday night after crashing his vehicle in South Knoxville.More >> Roger Welchel, 54, died Thursday night after crashing his vehicle in South Knoxville.More >> City officials were out in force in parts of Knoxville Friday morning performing code enforcements. The city issues notices to property owners for violations that may have a negative effect on the neighborhood.More >> City officials were out in force in parts of Knoxville Friday morning performing codes enforcements. The city issues notices to property owners for violations that may have a negative effect on the neighborhood.More >> Four employees of a Knoxville investment firm were taken into custody Thursday in connection with an elaborate fraud scheme.More >> Four employees of a Knoxville investment firm were taken into custody Thursday in connection with an elaborate fraud scheme.More >> Knox County's main library is closed for repairs until Tuesday.More >> Knox County's main library is closed for repairs until Tuesday.More >> The Tennessee Highway Patrol is stepping up seat belt and DUI enforcement over the Memorial Day holiday weekend.More >> The Tennessee Highway Patrol is stepping up seat belt and DUI enforcement over the Memorial Day holiday weekend.More >> Hunters have through Monday to comment to the Tennessee Wildlife Resources Agency on hunting regulations for the next seasons.More >> Hunters have through Monday to comment to the Tennessee Wildlife Resources Agency on hunting regulations for the next seasons.More >> A University of Tennessee administrator told her boss she was experiencing a hostile work environment in the days before she was fired.More >> A University of Tennessee administrator told her boss she was experiencing a hostile work environment in the days before she was fired.More >> Police in Sevierville are partnering with retailers to crack down on shoplifters. In January, the Sevierville Police Department formed a team called ALERT.More >> Police in Sevierville are partnering with retailers to crack down on shoplifters. In January, the Sevierville Police Department formed a team called ALERT.More >>
KNOXVILLE (WATE) - Certified Financial Planner John Fawaz says it's possible to invest even when you only have a few dollars to invest each month.
Fawaz says it's a misconception to think you must have big money to invest. In fact, you can invest with as little as $25 a month.
He suggests investing in mutual funds with either a risk-based model or a time-based model. These funds allow you to own shares in as many as 100 or 200 companies with little investment. They are managed for you based on your goals.
One type of time-based mutual fund is a Target Retirement Age Fund, which uses an investment approach that gradually becomes more conservative as your retirement age approaches. The risk is automatically reduced to protect your retirement income.
A type of risk-based investment to consider is an Asset Allocation Fund, which includes not only stocks, but also bonds and cash equivalents. The use of these three types of investments in one fund spreads the risk to offer an extra cushion against swings in the economy.
John Fawaz is president of Financial Partners of TN, LLC.
