Category - Investing

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Just Starting Out – Resources to Help With Money Stuff
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What Is A Fiduciary Financial Advisor And Why You Need One
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Outline an Investment Strategy Instead of Chasing Hot Investments
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Time-Honored Investing Advice Applies During a Pandemic

Just Starting Out – Resources to Help With Money Stuff

 

Photo credit: jb

A recent college graduate approached me recently to ask about saving and investing. He had begun investing using one of the micro-brokerage apps, and had a few questions about getting started with saving and investing.

We briefly talked about saving concepts, including emergency funds, goals for saving activities and whatnot, as well as the concept of diversification. But I knew that the brief amount of time we had available to talk would not be enough to answer all of his questions. In addition, although at one time I was in his very shoes (starting his first …

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The Best 401(k) Funds for Millennials and Why You Should Invest in a Mix Now

FINANCIAL PLANNING, INVESTMENTS

There’s an old saying that time is money. For millennials saving for retirement, time is on their side when it comes to making money with long-term investments in the stock market. Born in the early 80s through the mid-90s, this generation can weather market volatility better than investors closer to retirement. Millennials, categorized as those aged 18-37 years of age, can even be well-served by market downturns because dips offer buying opportunities. For millennials considering stock market investing, it’s important to also

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What Is A Fiduciary Financial Advisor And Why You Need One

 

“I’m just so tired of agreeing to meet with a financial advisor to get help with financial planning, having a good first meeting, being promised a financial plan, then getting into the second meeting and being pitched an annuity or whole life insurance policy.”

The anecdote above was shared with me almost verbatim by two separate business owners who were looking for real financial advice from a fiduciary financial advisor.  Instead they got trapped in a sales meeting with a broker. 

As frustrating as that is, experiences like the one above are not uncommon. Here’s another one I heard

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Outline an Investment Strategy Instead of Chasing Hot Investments

To respond to requests for information about what people should invest in, The Motley Fool doesn’t offer a list of specific companies but instead outlines some rules of thumb that novice investors could follow

Having an investment strategy is important. Rather than chasing what you think may be a hot investment, find a way to make the most of your resources and invest in a way that will make you feel comfortable and yield results. This is where a Fee-Only financial planner can help. If you aren’t comfortable with your investments, you can bring unnecessary on yourself. You may …

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Time-Honored Investing Advice Applies During a Pandemic

In calmer, more predictable times some people find it difficult not to panic based on headlines. During a pandemic, the temptation to panic and make impulsive money moves may be even greater. Kiplinger.com offers advice to nervous investors in “How to Save Yourself from…Yourself.” 

The article says “It is only a loss if you sell it. Markets go up and they go down, but over the long run, they have always gone up.” So, before you panic and decide to sell investments that could still grow over time, consider the long-term consequences to your portfolio.

And instead of …

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