Valentine’s Day is of course an extremely popular day for marriage proposals. Regardless of which side of the engagement you’re on, consider when deciding to take that next big step how, when and where to wed not just each other, but also your finances.
Creating Financial Plans
Some young adults seem stuck: Baby boomers took the best of what’s available and those nearing middle age always stand in line just ahead of millennials. If you’re a millennial, born between 1980 and 2000, you just need to change habits and work harder on your finances.
Successful investing comes down to discipline. Why aren’t you reaping the returns you read about in the financial press? Your emotions get in the way. That’s what advisors are for – to help you stay the course and make rational decisions.
Do you and your spouse ever scream at each other over spending? You’re not alone: More than one in four American couples fight about money. Just in time for Valentine’s Day, let’s see how one couple with severe financial differences avoided divorce.
Eugene F. Fama is among the brightest lights in the economic firmament. Now, as a long and unbroken bull market dissolves into volatility, it’s a good time to reflect upon the wisdom of this University of Chicago professor and Nobel laureate.
Market predictions are just guesses. To prevent your entire portfolio from sinking in one market swoon, diversify.
You’re scared of financial planning, convinced you can’t start to get your money in order without conquering a blizzard of forms or rummaging the bottom of your closet for lost records. What money moves do you put off because you fear the paperwork? Technology can help cut the stress of this vital process.
Despite what you hear, there is a lot of good news, which portends a good investing climate for 2015. The trick is to see past all the current calamities.
Establishing goals is the real meat of financial planning. Use any tactic to improve your odds of success, including an easy-to-remember catchphrase that outlines your plan and motivates you start to finish.
You’re in the middle of reviewing your finances with your advisor when you say you’ve got a chance to get in on the ground floor of a great new investment. Your advisor suddenly seems to cringe. How can an advisor best tell you that you have a lousy idea?