You see, there are certain habits and behaviors that, while not directly related to finance, can spell the difference between reaching your goals or not. But in my experience, people rarely hear about these things from their financial advisor.
The time value of money (TVM) is a useful tool in helping you understand the worth of money in relation to time. It is a formula often used by investors to better understand the value of money as it compares to its value in the future.
Whether you’re new to the stock market or a seasoned investor, it can be hard to keep your emotions in check.
It may sound strange to hear a financial advisor say this but achieving the things you care about most requires more than just money. There are certain habits and behaviors that, while not directly related to finance, can spell the difference between reaching your goals or not.
When it comes to helping people reach their goals, most financial advisors tend to focus on areas like investing, tax planning, and other money-related topics. I am no exception. After all, these things are critically important if you want to save for retirement, start a business, travel the world, or simply leave a legacy for your family.
When it comes to proper diversification, it’s important to allocate your money according to valuation, not some overly-hyped Wall Street formula.
While they’re both worth getting excited over, it’s important to understand the fundamental differences between tax credits and tax deductions.
The volatility that dominated the end of 2018 was largely due to fears of an economic slowdown. The Federal Reserve raised interest rates, which can cool both inflation and economic growth. Trade tensions with China showed no signs of stopping. Corporate earnings slowed down, oil prices had dropped, and several other indicators had many analysts predicting a recession in 2020 or 2021.
Spring is an ideal time to clean up your finances, clear out the clutter & get a fresh start. Consider these 7 suggestions to get a better handle on your finances.