Category: Investments
-
Digital Assets Rely On Bitcoin Stability
Santiment, a behavior analytics platform for digital assets, has stated that the digital asset sector relies heavily on the stability of Bitcoin to thrive, while noting that BTC’s decline to $45,000 led to other digital assets rising significantly. In a post on social media platform X, Sentiment noted that following Bitcoin’s decline from $47,000 to $45,000,…
-
Here’s How Much Money You Could Have If You Invested $1,000 a Month for 20 Years
Getty Investing money in a brokerage account is a smart financial move, but many people don’t realize just how powerful investing is as a wealth-building tool. In fact, buying assets that provide you with reasonable returns is one of the keys to achieving financial independence for the vast majority of people. To understand just why and how…
-
How To Avoid Capital Gains Tax
INSIGHTS CAPITAL GAINS TAX Capital gains tax is a levy due on any profit realised after disposing of certain assets. Disposing of an asset is classed as selling it, giving it away as a gift to anyone other than your spouse or a charity, swapping it for something else, or receiving compensation for it (such…
-
Looking For Funding For Your Company? Why Debt Could Be a Smarter Option Than Equity
Getty Venture capital isn’t the only choice when it comes to financing. When used wisely, debt can be a powerful tool for growth. In his new book, All Money Is Not Created Equal: How Entrepreneurs Can Crack the Code to Getting the Right Funding for Their Startup, (Wiley, July 20, 2023), Runway Growth Capital founder David Spreng provides practical…
-
Reasons To Include International Investments In Your Portfolio
Getty Images The United States currently represents 60% of the global equity market.¹ This means investors with an extreme home bias are ignoring 40% of the equity universe. In truth, doing so over the last 14.5 years would have worked out for you, but markets are cyclical, so it’s unlikely this lasts forever. There’s also…
-
4 Tips For Choosing A Wealth Management Firm
As the trend of consumers seeking the aid of all-inclusive wealth managers to design a financial plan grows, ensuring the chosen firm aligns well with your and your family’s needs becomes crucial. While quantitative data like assets under management, employee count, client base, average account size and so forth can be readily accessed via the…
-
7 Wealth Creation Rules: The Mindset Changes That Will Set You Free
fizkes / Getty Images/iStockphoto Say someone could offer you one piece of advice that could magically transform your finances for the better — and all you have to do is drastically shift your way of thinking. Many people grew up with a set of beliefs around money that hinder financial growth, but according to experts, it’s possible to…
-
What Is Income Contingent Repayment?
Getty Income-Contingent Repayment, or ICR, is a repayment plan that bases the loan payments on a percentage of the borrower’s discretionary income, as opposed to the amount owed. ICR first became available in 1993, although it wasn’t used by borrowers until 1994. ICR is one of four income-driven repayment plans. The others are Income-Based Repayment…
-
How Many People Actually Have $1 Million Saved for Retirement?
Delmaine Donson / iStock.com When it comes to saving for retirement, the common advice is to aim for $1 million. This number has been cited so often that investors may feel as if they’re failing if they don’t reach it. But that shouldn’t be the case. In fact, statistically, just 10% of Americans have saved $1…
-
What Is a Money Market Account? Understanding Its Benefits and Features
eclipse_images/Getty Developing a strong financial plan is important. But knowing where to put your money can be challenging, especially when you don’t have savings goals mind. Money market accounts are a great place to put your money because they offer great interest rates without sacrificing security or liquidity. We’ve provided a rundown on what money market…
-
Three Common Mutual Fund Misconceptions Debunked
Getty A few times a year, whether in the financial press or from clients and prospective clients, we encounter comments about mutual funds that contain misconceptions. There are three more-frequent misconceptions that I would like to clear up and purge from investors’ memories. To establish a foundation, it’s essential to understand that a mutual…
-
The Money Guy Show: Should You Keep Emergency Funds in a Roth IRA?
Getty Images/iStockphoto The concept of saving for emergencies is vital in financial planning. One question that certified financial planners Brian Preston and Bo Hanson, hosts of The Money Guy Show, often get revolves around the idea of placing emergency funds in a Roth IRA. A viewer posed a question that many others also ponder–is it advisable to keep…