Investing gives you the opportunity for financial gain but also the risk of losses. You can buy stocks, bonds, mutual funds or even invest in property, with the goal that the value of the asset will increase and you will make money over the long run. Investing usually has a higher potential for growth over the long term than keeping your money in a risk-free savings account or cash.
Protecting Your Money in Uncertain Times: The Role of FDIC Coverage
Not since the financial crisis of 2007-2008 have many investors given a second thought about cash balances held at their bank. That all changed over the course of five days in March 2023, when three small-to-midsize banks failed, leaving some depositors scrambling to access funds in excess of Federal Deposit Insurance Corp. (FDIC) insured limits. This crisis caused many to revisit just how FDIC coverage works and how they might better protect themselves with cash deposits in excess of the limits. Shortly thereafter, the U.S. government issued a joint statement by the Department of the Treasury, the Federal Reserve, and the FDIC stating that all depositors, regardless of amount, would be made whole.
While stocks typically garner more attention, lately there has been a lot of talk about bonds. Most of the recent conversations have been negative. Nevertheless, bonds have a place in everyone’s portfolio. Here is what to know when buying bonds for the first time. When you purchase a bond, you are lending money to the borrower in exchange for interest payments and the promise to return your principal at maturity. This is true whether it is a government, municipal or corporate bond.
Bear markets are rarely easy or pleasant, and they can be even more difficult when accompanied by an inflation spike. For many members of Generation Z (people born between 1997-2012) the bear market of 2022 has been particularly challenging.
Art is intensely personal, for both the artists who create it and the individuals who enjoy it. Art can bring us joy, make us think and liven up our homes. And for those who are enthusiastic collectors, art can become an important financial asset and component of your overall wealth.
With a quick internet search, you’ll have no problem finding the basic principles and benefits of investing. Investing gives you the opportunity for financial gain but also the risk of losses. Investing usually has a higher potential for growth over the long term.
Research shows that people save about half their inheritance, and they spend, donate or lose (via investing) the rest. Often a person’s first thoughts after receiving an inheritance it to pay off existing debt or to make a large purchase.
Learning how to incorporate ESG investing into your portfolio is an excellent opportunity to support corporate responsibility and positive change. However, finding information about ESG investing to be more comfortable with this strategy isn’t easy.
There is a general misconception that you need to be wealthy before working with a financial planner. That is far from the truth. While many Millennials may not consider themselves “wealthy,” that shouldn’t stop them from working with a financial planner.
The stock market is notoriously volatile but this article discusses different strategies for navigating the market. There are many factors that play into finding success in the stock market.
The recent GameStop trading frenzy delivers a strong message to consumers about the risks of investing without a sound financial plan.
While some of you may have visions of sugar plums dancing in your head, at this time of year my dreams are all about year-end tax saving moves.