Investing is a means for individuals to increase their wealth. Investing comes in all styles and flavors, and is as varied as the individuals who invest. It is basically placing your money in an investment vehicle (such as a stock, bond ETF or Mutual Fund, which we will discuss later), instead of letting it sit in a low returning, traditional bank savings account.
What is portfolio rebalancing? Portfolio rebalancing is the periodic realignment of a portfolio’s holdings through buying or selling incremental share lots to maintain the originally desired level of holdings. This rebalancing process restores portfolio holdings to their optimal target allocations, helping investors avoid portfolios drifting too far away from their initial and intended objectives. A typical rebalancing strategy tends to sell (trim) assets that have significantly appreciated in price, while adding to those that have declined. At its core portfolio rebalancing is a risk‐minimizing strategy.
Setting your investment objective(s) and expectations is probably first thing an investor should think about before investing. Knowing why you’re investing is the easy part, however getting there requires a bit more planning. Thus, whether you’re saving for retirement, buying a home, or setting aside money for the children’s college tuition, laying out a financial plan is the first step.
When it comes to retirement investing, the cardinal rule is start as early as possible! The more you invest and the earlier you start, the more time your retirement savings will have the potential to grow in value. No one knows where the social security system will be 10, 20 or 30 years down the road, so planning for your golden years should start with you and not rely on the government. In the column below we will share some insights on retirement planning.
Every year investors lose billions upon billions of dollars due to perpetrators of investment frauds. While in many cases fraudsters targets the elderly and/or novice investors, even the most astute investor can be ensnared by a good con artist! The best way for investor to not fall victim to investment fraud is to become educated and aware of the common signs of fraud.
Life happens. You need cash. It could be to pay for home improvements, a wedding, medical bills, or even that once-in-a-lifetime trip. Personal loans are one way to get the money you need. But not the only way. If you have a really excellent credit score, you could qualify for a credit card that offers zero interest for a year, or even longer. However, if you decide that a personal loan is the best option, there are some things to consider.
A lower interest rate for anyone carrying a mortgage is awfully tempting. Who doesn’t want to pay less each month? Plus it seems everyone is doing it. But refinancing your mortgage really depends more on you, that what today’s interest rates are showing.
Unless you’re one of the approximately 20% of home buyers who pay cash for their property, you’ll be shopping for a mortgage when buying your new home. It can be…well, confusing. There are a lot of options. Some right for you, some not. To help clear things up, we’ll go through the pros and cons of each of the major mortgage types to help you make a decision or spur further research.
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