When it comes to investing, it seems as if men traditionally have run the show. When men worked and more women stayed home to take care of the family, it was the husband’s salary that went into savings, his pension and/or his 401(k), and his Social Security benefits that they would largely rely on someday.
The best investment strategies are fairly easy to maintain. Once you’ve figured out how much to save, which accounts to use, and what your asset allocation should be, it’s primarily a matter of choosing a few low-cost index funds to implement your plan and letting it ride. For the most part, you should be ignoring
How would you describe your personality? Adventurous? Shy? Studious? Did you know that you have an investing personality, too? It turns out that when it comes to managing our portfolios, we tend to fall into one of four behavioral types–although there’s usually a little overlap among them. Each type comes with its own set of
Most millionaires aren’t born rich. During his three decades researching the wealthy, Thomas J. Stanley, co-author of “The Millionaire Next Door,” consistently found that between 80% and 85% of all millionaires are self-made. Some earned their fortunes through hard work; others, by saving aggressively. Many amassed wealth by investing wisely. Indeed, a study by Spectrem
Barring a big shock to the financial markets, the Federal Reserve will raise short-term interest rates at its December meeting. That was Janet Yellen’s clear message in the press conference that followed the Fed’s decision to stand pat in September. All but three of the members of the Federal Open Market Committee–who vote on rate
In my 30 years of experience as a financial adviser, I’ve often been asked about the stock market, particularly about timing. More specifically, I frequently hear, “What is the best time to buy, and when can I get a good price?” Many appear shocked when I tell them, for the long-term investor, it’s not about