How to Weather a Market Correction
Sometimes stock prices drop across the entire market at once triggered by a range of things, such as natural disaster, political turmoil, concerns over rising interest rates, a global health crisis, or problems within a single sector that cause a domino effect across the market. A decline in stock prices of 10% from their most […]
[Video] Celebrating the 4th of July
What the Federal Rate Increase Means for your Financial Plans
The Federal Reserve increased interest rates last Wednesday, June 15th stepping up its efforts to rein in inflation. The moves will ripple through the financial world and the wallets of millions of Americans, changing the math on a range of money decisions big and small. With inflation hitting 8.6% in May, the cost of everything […]
Why Investors Should Avoid Overconcentration
A concentrated position in a single stock can happen to investors for many reasons. They may receive company stock as part of their employee compensation package or they may have bought shares of a single company, hoping to choose a big winner. However, it’s unlikely that a single stock will outperform the market as a […]
How Women Can Overcome Obstacles to Retirement
Retirement planning requires forethought, discipline, and the juggling of many moving parts. Staying on track to meet financial goals can be tricky for anyone, but it can be especially hard for women, who face a number of financial headwinds. Women face unique challenges when it comes to employment, income, and caregiving; as a result, they […]
Current Volatility Response
Dear Friends, The primary function of financial journalism seems to be terrifying us out of ever achieving our financial goals by shrieking about the market’s volatility. We’ve been reminded of this almost hourly as the S&P 500 approached “official bear market territory,” defined as closing 20% below its January all-time high. Every market decline of […]
Lesson from the FIRE Movement
The Financial Independence/Retire Early, or FIRE, movement is an investment practice and lifestyle that focuses on saving aggressively and spending frugally so individuals can move toward financial freedom and perhaps even retire decades ahead of schedule. The movement has been around since the 90’s and has gained more exposure recently as the financial fallout from […]
Keeping Your Financial Accounts Cyber-Secure
Cybercrime is on the rise everywhere. In fact, global losses due to cybercrime climbed from $600 billion in 2018 to $1 trillion in 2020. That’s enough to make anyone concerned about the security of their financial accounts. But you don’t have to feel helpless against the threat of hackers. These steps can help limit your […]
4 Tips to Help You Avoid Timing the Market
Sudden ups and downs in the stock market can be hard to ignore. It’s common to get the urge to sell when you see your investments lose value — or to buy when the market is surging. But predicting the effects of short-term market movements like these is nearly impossible. And efforts to “time the […]
Get a Jump Start on Your 2022 Taxes
As you’re finishing up your 2021 tax return, you may be thinking your tax work is done until next spring. But getting a jump-start on next year’s taxes can help you get organized, saving you time and money when April 2023 rolls around. Here are four steps you can take now to prepare for next […]
