It takes time, skill, and effort to manage one’s investments and make the right financial decisions as one may have to pay a cost when they delay good financial decisions. One needs to understand that management of finances is a recurring activity where decisions have to be made in a timely manner to better take ...

Retirement is the golden period of your life, provided you save well for it. If you have sufficient retirement savings, you can spend your non-working years traveling, enjoying life, spending time with your family, and doing anything else you like. However, if your retirement savings are below the required limit (average Americans feel they require ...

Among the trending digital transformation concepts, robo-advisors have emerged as one of the strongest phenomena. By providing easy access and execution to investors, and a low-cost way of combining passive and active portfolio management, robo-advisors are transforming the asset management industry. As per Statista, the assets under management (AUM) in the robo-advisor sphere are likely ...

When it comes to investing, there are many different approaches. However, no matter the approach you follow, the one thing that is always recommended is to ensure proper diversification. Diversification, in the right measure, can control and reduce risk and volatility. When you put your money in different types of investment instruments, you have a ...

A financial advisor can help you achieve your financial goals, such as saving for retirement, planning a child’s future education costs, purchasing a home, achieving financial freedom, and more. Financial advisors can be a guide in your financial journey, slowly enabling you to meet all your goals. With years of experience and relevant education, these ...

Accumulating wealth and building a business can take years of rigorous hard work. Hence, taking concrete steps to safeguard your wealth and business from the changing times, evolving laws, and the notions and conflicts of future generations, is imperative. Over the years, the importance of estate and succession planning has come to the forefront. According ...

Taxes affect your income while you are working, as well as after you retire. According to a recent survey of nearly 130,000 American consumers, an average American pays nearly $10,500 in income taxes annually, which is nearly 14% of an American household budget. It is prudent to build-up a strong corpus for your retired years by investing ...

Financial independence is a dream for many. While everyone aspires to be financially independent, it can sometimes be hard to achieve it. As you go through life, your responsibilities change. Your definition of financial independence in your 20s could be to pay off your student loans. In your 30s, it could be to buy a ...

Financial management begins at home, right from the time you start getting your pocket money to when you manage and maintain complex investment portfolios. The idea is the same – to maximize profits and reduce risk. However, the ultra-modern way of living and maintaining an unbalanced lifestyle has not left much space for managing finances. ...

A peak to trough drop of 20% or more in US large cap stocks is referred to as the bear market. This is a time when the prices of securities drastically fall. Although it is hard to predict a bear market and how long it can last, the 2020 bear market can be easily linked ...