Your decisions about investing can be difficult. After all, the results of your decisions have a huge impact on your financial future. Investing is even more challenging during volatile markets. You have money at risk- and watching volatility just increases that anxiety. Consider these tips to keep market swings in perspective.
Corporations and individuals have something in common: Both groups have to take a hard look at revenue and spending. One big factor relating to both revenue and costs is sustainability. If a company isn’t clear about sustainable, repeatable sources of revenue, they can’t survive over the long term. That same rule applies to an individual working on a personal budget.
Am I paying too much?
This is the number one question that most investors ask themselves. In fact, we all ask ourselves this question when we buy a product or service we don’t know a lot about. I don’t know about you, but I wonder about this same thing with car maintenance. That’s because I don’t know anything about car repairs.
This question causes anxiety. But some people- young people in particular- are taking action to control the costs they pay for investing.
Making investment decisions can be a frustrating process. Two big factors make the process difficult. First, world markets are becoming more interconnected. Second, the sheer amount of data you can access is overwhelming. Use these tips to reduce investing risk and volatility.
One of the great advantages of working for an employer is the ability to use company-paid benefits. Many workers choose to work for an employer to get benefits, rather than be self-employed. A new excise tax on health care benefits may have a huge impact on your personal finances in the next few years.
The experiences of many millennials make them highly skeptical about investing and taking risk. This group may face large student loan debt. They’ve seen the dot-com bubble burst after the 1990s, and they’ve watched the financial meltdown of ’08-’09. Their experiences have aligned many of them with the investing philosophy of Ben Franklin. Maybe we can learn something from this group.
Sometimes, problems can sneak up on us. An issue that seems small can develop into a big challenge- and create huge anxiety. One way to combat these problems is to have good awareness. Use these tips to raise your awareness about three issues that can lead to bankruptcy.
Uncertainty over the future of Social Security can be frustrating. For many Americans, income from Social Security is a critical component of retirement income. The financials surrounding Social Security are not improving. Here are some tough decisions that address this uncertainty.