All the financial advice you ever received likely encouraged you to save money, whether for retirement, an emergency, or a rainy day. But sticking that money in a savings account won’t net you very much over the short or long haul, so what do you do? You need an investment strategy. The bottom line is that you want your funds to grow steadily and protect them as much as possible from dips in the financial market. A great way to do that is through diversification. This approach has you put your money in various types of investment vehicles so that when one part of the portfolio dips, the other parts keep the balance at least steady. At least, that’s the hope. Here are some strategies to consider.
Watch Out! 3 New Scams for 2023
Scammers will go to nefarious lengths to trick people out of money or sensitive information, which they might use to steal directly from their victims’ accounts. Sometimes these individuals assume a victim’s identity, spending their cash, taking out loans, and creating a tangled financial mess that can be difficult to unwind. The best way to avoid getting taken for a ride is to avoid the scam in the first place. But it’s hard to know what to look for with technology advancing and thieves becoming more creative. Look out for these three top ruses.
3 Popular Investment Strategies for Beginners
Stepping into the world of investing can be intimidating, and leaving your money in your local bank for safekeeping may seem tempting. Unfortunately, banks don’t offer much growth, and the only way to build your wealth is to brave the uncharted waters of the investment world. To succeed in this new venture, you need a strategy. Here are three of them to get you started.
What IS a Good Return on Investment?
That might lead you to wonder: What is a good return? The truth is, the answer depends on your goals and the amount of risk you’re willing or able to take while investing your hard-earned cash. Ideally, investments should at least surpass the inflation rate because, if not, your money loses its value as time passes by.
The Truth About Using Crypto to Fund Your Retirement
Cryptocurrency is a relatively new investment possibility, and many people in the younger generation are using it in their portfolios. Younger investors tend to be more bullish on the trend, even leaning on it for their future retirement, but is that wise?
Consider These 7 Key Assets to Unlock Financial Freedom
Living paycheck to paycheck without adequate savings can lead people to reach for credit cards in times of emergency, resulting in treading water financially with no end in sight. Fortunately, there are ways you can arrange your money to prepare yourself for emergencies and even retirement.
How to Automate Your Finances
Managing your finances doesn’t have to be monumental. In fact, in the age of technology, many business owners use automated strategies for their companies that can benefit your personal finances when you use them too. Many people set up automatic payments to take care of their credit card bills, but you can also automate most of your bills.
Real Estate Investment Trusts: What Are They and Why Invest Now?
REITs are publicly listed companies that offer investors unique opportunities to get involved in the real estate market. Is this form of passive income right for you?
Best Strategies for Investing During Inflation
(MoneyHippo.com) – Given that the current inflation rate has ballooned to nearly 8%, reducing the value of every dollar spent, many wonder if there are any useful investments to inflation-proof their portfolios. In life, there are no guarantees, but there are some strategies investors could consider during periods of high inflation that could be beneficial […]