School teachers and university professors with tenure enjoy the kind of job longevity that gives them leeway to put more of their money in riskier investments -- up to a point. Pete D'Arruda, president of Capital Financial Advisory Group in Cary, N.C., advised many teachers earlier in his career, earning the nickname "Coach Pete" among his clients.
"They've got a long time horizon," says D'Arruda, who hosts the nationally broadcast radio program, "Coach Pete's Financial Safari."
"The problem with many teachers is that they are not getting paid enough to really take too much risk with their money," he says.
These days, many of D'Arruda's clients are athletes who earn high salaries during the relatively short span of their pro careers. For these and other clients who are making fast money now but are likely to peak soon, he says the best tactic is "building some money in a place where they can't lose it."