Spokane advisors see long-term upside in state’s investment strategy for WA Cares
Spokane wealth advisers agree that when it comes to investing, a diversified portfolio is essential for long-term stability as it generally outperforms and protects against inflationary erosion. It’s that confidence in long-term market growth that allows them to see the potential benefits of the state investing long-term care funds into a mix of assets, including stocks and corporate and government bonds.
Earlier this month, voters approved Senate Joint Resolution 8201, a proposed constitutional amendment to allow the Washington State Investment Board to invest funds from the Long Term Services and Supports Trust Fund, known as the WA Cares Fund, into a broader range of investments. That board also handles funds from pensions and…
