UPS AND DOWNS ON THE PATH TO FINANCIAL INDEPENDENCE
It’s easy to succumb to the urge to sell if the market takes a header or buy if it’s headed upward. But sudden action is usually a mistake. In the late 1980s, Harvard psychologist Paul Andreassen made news with a research project that found that people who listened to market news actually made lower returns. Why? Because those who sold – or bought – during a market swing probably found a day later that the market was really running on hype, not fundamentals.
Fee-Only vs. Commission and Fee-Based Financial Advisors
There are many terms out there describing financial advisors and sometimes it’s hard to figure out what they all mean and why it matters. It does matter. Their “classification” can tell you a lot about how they are compensated, work with clients, and their fiduciary responsibility. Fee-Only financial planners are registered investment advisors (RIAs) with […]
Money-Saving Ideas that Work for YOU!
It’s true that small savings can add up, especially when applied on a consistent basis. A list of spending strategies follows that you can apply almost every time you shop. And these savings can be invested to help you realize your financial objectives. Remember that you haven’t actually saved anything until it makes its way […]
Top Ten Tips for Your Financial Life
Unfortunately, most people’s general education didn’t include some important life skills such as how to manage your finances. Of course, we develop many skills as life goes on just because we need them. Still, there are a handful of proven financial basics that aren’t common knowledge. It’s our hope that these best practices will help […]