I’m not giving up on you or anyone else. Why? Because of the thousands of people who’ve rebuilt their financial lives right in front of my eyes over the last two decades.
When times get tough, and some jobs get eliminated, it’s the people who have cash to pay the bills, as opposed to liquidating depleted retirement accounts, who will come out on the other side unscathed.
Nobody knows how long and far the coronavirus outbreak will go or how it will end. In a global economy, near-term cash flows will be hurt, but cash flows going out 10 or 20 years will not be.
There’s a giant difference between the two, and knowing the difference can save your financial life. Patience is strategic, if not pragmatic, while waiting is a gamble.
The challenge is to create a spending strategy that allows individuals to optimize spending over an uncertain time frame without depleting a portfolio.
Unless you have an ungodly amount of money, you need to define exactly what it means to “pay for their education.” That’s a much bigger and broader promise than most people know.
Sam Stovall, chief investment strategist at CFRA Research, found returns for the S&P 500 were positive (some strongly so) at 30, 60 and 90 days after the first U.S. case for the prior five viral outbreaks.
The goal of diversification isn’t just to spread your market risk across different companies, but to make sure the companies themselves are significantly different from one another, and even more important, complementary.
Every situation is different, but some objective measures can be used as a snapshot and tracked over time to measure progress.
I don’t know how many scenes are left and what plot twists are ahead, but I do know how this movie ends.
Whether you’re an NFL team trying to make it to the Super Bowl or an investor who wants to generate better-than-average long-term results, your odds of success are greater if you ignore conventional wisdom.
You and I are going to predict the value of our investment account balances on Dec. 31, 2029, then write these numbers down and leave ourselves a passive aggressive note to agonize over years from now.
I’m not a fan of new year’s resolutions, but I am a big fan of examining my life and what’s working and what could be improved.
Your retirement nest egg is always fragile. It doesn’t get less fragile once you gain access to it.
As with any investment, price is what you pay, but value is what you get.
Investing in your community provides a deep expression of gratitude that is as fulfilling as it is impactful.
Between all the holiday parties and batches of eggnog, there are some financial tasks to check off your list before Dec. 31.
Whether you see it coming or not, hearing that your job is no longer your job is shocking.
When investors compete to give their capital to private companies, you get standards that are lowered at the same time valuations are raised, a recipe for disaster.