Investing

Why Having a Financial Professional Matters

Why Having a Financial Professional Matters A good professional provides important guidance and insight through the years.  What kind of role can a financial professional play for an investor? The answer: a very important one. While the value of such a relationship is hard to quantify, the intangible benefits may be significant and long lasting. A good financial professional can help an investor interpret today’s financial climate, determine objectives, and assess progress toward those goals. Alone, an investor may be [...]

By |2018-07-09T14:34:58-04:00July 5th, 2018|Investing, Personal Finance|Comments Off on Why Having a Financial Professional Matters

The Importance of Financial Literacy

The Importance of Financial Literacy Too few Americans understand personal finance fundamentals.  If only money came with instructions. If it did, the route toward wealth would be clear and direct. Unfortunately, many people have inadequate financial knowledge, and for them, the path is more obscure.  Are most people clueless about financial matters? That depends on what gauge you want to use to measure financial knowledge. The U.S. ranked fourteenth in Standard & Poor’s 2015 Global Financial Literacy Study, with just [...]

By |2017-09-11T08:42:35-04:00September 5th, 2017|Business/Economic News, Investing, Personal Finance|Comments Off on The Importance of Financial Literacy

The Rough Consequences of Not Saving for Retirement

The Rough Consequences of Not Saving for Retirement Do you really want to risk facing these potential outcomes? Saving for retirement may seem a thankless task. But you may be thanking yourself later. Putting away a percentage of one’s income, money that could be used for any number of bills or luxuries, is a sacrifice made in the present in order to avoid a larger trouble down the road. More than a quarter of seniors have no retirement savings. To [...]

By |2017-08-04T11:01:19-04:00August 3rd, 2017|Financial Fitness, Investing, Retirement, Savings and Investing|Comments Off on The Rough Consequences of Not Saving for Retirement

Keep Calm, Stay Invested

Keep Calm, Stay Invested Expect more volatility, but avoid letting the headlines alter your plans.  Recent headlines have disturbed what was an unusually calm stock market. The political uproar in Washington may continue for weeks or months, and it could mean significant, ongoing turbulence for Wall Street. As an investor, a retirement saver, how much will this turmoil matter to you in the long run? Perhaps, very little. There are many good reasons to remain in the market.  The earnings [...]

By |2017-07-13T11:54:10-04:00June 29th, 2017|Business/Economic News, Investing, Stock Market|Comments Off on Keep Calm, Stay Invested

Beware of Emotions Affecting Your Money Decisions

Beware of Emotions Affecting Your Money Decisions Today’s impulsive moves could breed tomorrow’s regrets.  When emotions and money intersect, the effects can be financially injurious. Emotions can cause us to overreact – or not act at all when we should.  Think of the investors who always respond to sudden Wall Street volatility. That emotional response may not be warranted, and they may come to regret it. In a typical market year, Wall Street can see big waves of volatility. This [...]

By |2017-06-20T13:08:43-04:00June 15th, 2017|Business/Economic News, Investing, Personal Finance|Comments Off on Beware of Emotions Affecting Your Money Decisions
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