Thursday , 31 October 2024

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“Buy and Hold” Investing Can Be Hazardous To Your Wealth – Here’s Why

One would think that following two major market corrections of over 50% within the last two decades, investors would have a better appreciation for how much time it takes to compound your way out of losses. While buy-and-hold investors who stayed true to their strategy over the last two decades are indeed ahead, they lost many years of valuable compounding time in a quest to “get back to even.” The bottom line is that corrections and crashes matter a lot.

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What Is the Key To Wealth: Saving & Investing, Hard Work Or Just Plain Luck?

What does it mean to be wealthy to you? For many Americans, it can mean being able to leading a life that is stress free, while having “peace of mind”. Sounds pretty good, right? On the surface, that doesn’t sound too much like money is the focus. However, it could also be said that that same money, or perhaps, a lack of it, can lead to a certain stress factor.

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These 5 Things Could Derail Your Finances If You Retire Early

The Financial Independence/Retire Early (FIRE) movement is hot right now. People working toward FIRE are hoping to retire in their 40s and, in some cases, even their 30s and, while the focus of FIRE is to produce financial freedom and not ascribe to a strict definition of the term "retired," it is a tantalizing goal many find worth chasing. However, if not properly planned, early retirement can be more of a burden than freedom. The earlier you retire, the longer your money has to last. Your life mitigation plan also has to be more solid and thorough than those who retire at the standard age. Below are 5 things that could derail your finances if you retire early.

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Debt Delinquencies: What Comes Next Won’t Be Exactly ‘A Good Time’

There is a strong correlation – both historically and logically – between interest rates and credit card debt delinquencies. As rates rise, outstanding debt burdens become difficult to service so, until the Fed reverses their tightening, things will only worsen for credit-card users from here. That’s why a serious question needs to be asked: with auto loans, student loans, and credit card delinquencies all on the rise – and we’re not even in a recession – what can we expect from here?

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How To Become A Stock Market Millionaire – Part 1: (The Plan)

Becoming a stock market millionaire is much easier than you think because if you take about an hour or two of your time now to create an investment strategy, you are 95% of the way to becoming a stock market millionaire. So what exactly do you need to know to become a stock market millionaire? I’ve outlined all the steps below to help you build your wealth in the stock market.

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