by readwritemoney | Jan 3, 2019 | Current events
The 10-second version: We are likely in the late-stage of the business cycle, so buckle up for some continued volatility. Despite this, you should not try and actively manage your portfolio to time the market, but should pay attention to key hotspots in the news to...
by readwritemoney | Dec 28, 2018 | Investing
The 10-second version: Keep your investment horizon and risk tolerance in mind when you are investing. When you are building up your portfolio initially, look to invest in funds that mirror indexes like the S&P 500 (i.e. SPY) and avoid trying to pick stocks. There...
by readwritemoney | Dec 25, 2018 | Current events
The 10-second version: Despite recent market volatility, I would advise sticking to your standard investment strategy and not trying to time the market. Most of the time trying to buy low and sell high results in losing out on cyclical price appreciation, paying lots...
by readwritemoney | Dec 22, 2018 | Investing
The 10-second version: Start maxing out your 401K and IRA as soon as possible. Due to the tax-advantaged nature of the accounts, you can generate significant long-term gains by starting early. Also, look into a Roth vs. a traditional version of the accounts to ensure...
by readwritemoney | Dec 22, 2018 | Expenses
The 10-second version: Building a budget will help you balance your spending with your income and build up your net worth over time. Using budget tracking tools like Mint will help you visualize what you are spending vs. expectations in real time and maintain your...
