Tuesday, 21 May 2019
Sell in May and Go Away Was A Bad Idea in 2018.
If you sold out of the market Last summer, you missed a 10% increase.
“Sell in May and go away” is an old Wall Street saying that suggests investors to sell their stocks during the summer to avoid a seasonal decline in the stock market. An investor selling their stocks in May would then buy stocks again at the end of the summer (some suggest November) because the summer time-period shows significantly less growth in the market than the other times of the year. Or so the story goes.
Friday, 03 May 2019
So much of the financial advice and resources out there is focused on married couples.
Unfortunately, the disparity in information for those seeking financial advice as single people is doing a great disservice to the middle-aged single community. Retirement saving advice, financial planning, and investment strategy can sometimes be different for those who are single versus their married counterparts. Since 1990, divorce rates have doubled for those 50 and above. That means there will be many more adults entering retirement single or divorced and this article will go over some specific tips for you.
Thursday, 25 April 2019
So much of retirement planning focuses on the money, but that is often part of the process, not the whole process.
So much of retirement planning focuses on the money, but that is often part of the process, not the whole process. On top of that, while retirement planning can often be a stressful activity, the truth is, the process can be enjoyable both for you and your partner if you come at it from the right perspective. In this article, we will go over five steps you can take to get on top of your retirement planning. Obviously, the earlier you do this, the better. Considering 1/3rd of Boomers have little to no savings and fewer people receive any kind of workplace pension, that is a lot of people who may find real hardship once retired. Much like the story of the grasshopper and the ant saving up for winter, with a little time and preparation, you can avoid real hardships up ahead.
Monday, 15 April 2019
Financial Planning Isn’t Only for the Rich
How are your finances? If that question makes you want to run screaming into the woods, good news, you're not alone! In fact, Americans, as a people, aren't very good at managing their finances. We've racked up $92 billion in credit card debt as of 2017 and 1 in 4 people report having more credit card debt than savings. We owe $1.5 trillion in student loans. On top of that 55% of people feel lost when it comes to long-term saving and stable financial plans. That adds up to a lot of people wandering the financial landscape lost and ill-prepared for the future. The good news is, this course can be corrected. This article aims to help get even the most confused or debt-laden onto a better financial path. Becoming financially stable is not only good for your bank accounts and bills, but it's also actually good for you - Mind and Body. Being in debt is stressful, it puts strains on relationships, makes it harder to buy homes, change careers, or recover from unforeseen life-events. On top of all that, being stressed about money is bad for overall health. On the flip side, financial security can be beneficial to your overall mental and physical well-being.