In August of 2015, the stock market suffered the 8th and 10th largest drops ever recorded. In fact, it was the first time in history that the stock market declined more than 500 points on two consecutive days. Overall, from 8/17/2015 to 8/25/2015 the stock market dropped nearly 1900 points, wiping out nearly two years […]
In the past couple of years, the financial media has been full of stories about the risk aversion experienced by millennials. According to surveys and studies, millennials are reluctant to invest in the stock market. Many of them came of age in time to watch their parents lose retirement money in the aftermath the financial […]
Social Security will celebrate its 80th birthday on August 14, 2015. In honor of eight decades of the program, let’s look at some of the common urban legends about one of America’s most popular government programs. Which of these “facts” have you fallen for? 1. 65 was chosen as Social Security’s standard retirement age because […]
One of the ways many people invest is through their 401(k) plans. These plans come with tax advantages, and some employers even contribute matching funds. For many people, the 401k plan is a way to save for retirement without too much effort. However, there are some things you should consider when it comes to your […]
You expect your financial adviser to know things you don’t, since you don’t speak NASDAQ and never quite figured out what a subprime mortgage backed security was. After all, that’s why you’re consulting an expert. But there are some things about financial management that everyone should know — and it bothers the reputable financial advisers […]
Once upon a time, there was a world where the term robo-advisor didn’t even exist. Now everywhere you turn, there’s a new batch of robo-advisors popping up, eagerly hoping to help you manage your money. What are robo-advisors? They’re online investment services that use computer software to manage your portfolio. Robo-advisors offer low fees, promise high […]
