Some people worry about their investments even during ideal stock market conditions. This is part of human nature, but you shouldn’t allow this fear to stop you from staying invested in the stock market during periods of volatility. No matter what your circumstances, or how much money you have to invest, knowing and understanding your investing personality can help when choosing investments to achieve long-term investing success and reduce your apprehension about market volatility.
If you feel like you could do more to improve your saving and investing habits, or don’t know how to get started, here are some tips to help. Financial experts agree that there are two important things to focus on: start and contribute regularly to an emergency fund and contribute at least 10% of your paycheck to a retirement account.
When you head into your 30s, your life is filled with more responsibilities. No matter if you’re single, married, or have started a family, making key financial moves can help you take advantage of financial opportunities and weather setbacks when they occur, because they will. Here are 10 steps that can help you build security and reach your financial goals.
As you head into your 50s, there are some important steps you can take to ramp up your financial security. For instance, even though retirement may be years away, evaluating your progress along with other long-term goals can help you shift priorities and make the most of your money.
Here are 10 tips to help.
You may be new to investing or intimidated by the process, so you may make moves with trepidation, or not invest at all. The truth is, there are simple ways to get started and stay invested.
With so many financial obligations in life, it’s easy to put your own needs on the back burner. But saving for your retirement is one of the best things you can do to achieve lasting financial well-being. It won’t seem like a struggle once you get into the savings habit and stick with it.
Interest rates have remained at historic lows for three years now, making it a great time to borrow money. However, in an effort to slow inflation, the Federal Reserve is raising its federal funds rate. Market watchers anticipate an increase of 25%, with more increases on the way throughout 2022. Continue reading
Do you have confidence in your financial planning and investing? If you answered no, you’re not alone. Fidelity’s 2021 Women and Investing Study1 found that while the majority of women feel comfortable managing day-to-day finances, they’re doubtful of their ability to select the right investments or adequately plan for retirement. Despite this uncertainty, women actually have a slight edge— 0.4% over men — when it comes to long-term gains. How is this possible?
Some years, Congress changes the rules investors face. Other years, the economy necessitates rethinking the best-laid investment plans. In between, investors’ personal situations change, from the arrival of children to the loss of a job.
“Investors face a changing environment,” says Fred H. Thomas, branch manager of Raymond James Financial Associates in Johnstown, Pennsylvania. “They need to maximize their investment dollars.”
Taxpayers trying to build wealth can weather the ups and downs of the tax side of that volatile environment by following a few historically helpful steps. Continue reading
