David S Capo Believes in the Power of Saving

David S Capo has enjoyed a long and storied career as an investment banker and corporate financier of repute in the Toronto area. As such, he has spent a lot of time considering money. To be more exact, David S Capo has seen firsthand how money affects people, how they use it, and how they abuse it. In this time, David S Capo has developed certain theories about the best use for one’s personal finances. In short, he advises savings above all.

It may sound strange for an investor to advocate savings, but David S Capo believes in what he preaches. Savings today allows for savvy investing tomorrow, after all, and David S Capo believes in doing things the right way, one step at a time.

The most important thing for one’s personal finances, according to David S Capo, is to build and maintain an emergency fund of six months of expenses. David S Capo cannot stress this step enough. Too many people are living day to day and not putting anything aside for the unknown future, a fact that alarms David S Capo. Disasters do happen and to be caught unprepared could mean ruin for an unlucky person; having a safety net can help mitigate the damage when the worst does occur. David S Capo has witnessed firsthand the benefits of having an emergency fund, and seen firsthand the tragic consequences of under-preparedness.

Once a firm foundation of savings has been established, then the next step, in David S Capo’s savings plan, is to invest wisely. The market provides fairly reliable returns in the long term for the patient investor who can wait out the ebbs and flows of the short term, David S Capo says. Savvy investing, David S Capo’s wisdom goes, turns today’s nest egg into tomorrow’s retirement account.