Money Guide (Page 34)
Advice for New Stock Market Investors
While some novice investors spend long hours pouring over individual stocks to find the best opportunity, many financial advisors suggest that starting a portfolio with individual stocks is a rookie mistake. If your portfolio is not established, you run the risk of losing everything if your single stock fails. Instead, it is suggested that new investors select low-cost mutual funds. Mutual funds... ❯❯❯
10 Things Your Bank Won't Tell You
Dealing with your bank can be a frustrating experience. Unfortunately, you need someplace to stash your money. You also will have a hard time getting a loan without a bank to facilitate one. When dealing with your bank, here are 10 things that they will not tell you. Some of these items may surprise you. 1. Customer Service Isn't A PriorityMost banks have cut back on customer service staff since... ❯❯❯
10 Ways to Save Money on Monthly Bills
1. Auto Insurance If you drive less than 2 hours per day, most insurance companies will give you a discount on your policy premium. If you have someone in your family that occasionally is allowed to drive your car, you do not have to add them, by name, to your policy either. 2. Auto Insurance - Pt 2 Ask your insurance company if your policy has "permissive use coverage" as part of the policy.... ❯❯❯
Retirement Savings: Should You Opt for a Pension or a Lump Sum
Let’s say you’ve been working for around 20 to 30 years and are finally reaching your retirement age. Now you have a big decision to make – should you opt for pension or a lump sum? In most cases, pension plans give workers the choice to either opt to take a lump sum from time to time, or monthly check payments throughout their lives from then onwards. Most workers prefer to choose lump sum... ❯❯❯
Time To Be Open With Our Children About Saving
Recent research from the Bank of Cyprus has revealed that around half of all UK parents looking to open a Junior ISA for their child are also planning to keep that account secret, or withhold information about it. It’s understandable that some parents are worried about what will happen to the money that they painstakingly invested for their children over the course of 18 years. The worry stems... ❯❯❯
Strategies for Saving Money in a Divorce
Divorce is currently on the rise nationwide. Sometimes couples simply have to end their relationship for various reasons. In addition, an expensive divorce can have a profound impact on a person’s financial status. Both partners can save money as the financial, legal, and emotional issues of divorce approach. An average American divorce costs range from $14,000 to $30,000. Here are some strategies... ❯❯❯
The Concealed Costs of Owning a Home
The interest in homeownership is again on the rise, thanks to declining home prices and mortgage rates in many markets. Renters are getting tired of seeing their expenses rise every year, and owning a home is one of the easiest paths to financial solidity. Every mortgage payment you make will build equity, and when home values rise, your assets will grow. Before applying for a mortgage, you... ❯❯❯
Why You Should Invest
Investing has become increasingly important over the years, as the future of social security benefits becomes unknown. People want to insure their futures, and they know that if they are depending on Social Security benefits, and in some cases retirement plans, that they may be in for a rude awakening when they no longer have the ability to earn a steady income. Investing is the answer to the... ❯❯❯
How Much Money Should You Invest?
Many first time investors think that they should invest all of their savings. This isn’t necessarily true. To determine how much money you should invest, you must first determine how much you actually can afford to invest, and what your financial goals are. First, let’s take a look at how much money you can currently afford to invest. Do you have savings that you can use? If so, great! However,... ❯❯❯
Different Types of Investments
Overall, there are three different kinds of investments. These include stocks, bonds, and cash. Sounds simple, right? Well, unfortunately, it gets very complicated from there. You see, each type of investment has numerous types of investments that fall under it. There is quite a bit to learn about each different investment type. The stock market can be a big scary place for those who know little... ❯❯❯
