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Can you imagine getting $2 million in tax-free money in your checking account tomorrow? Getting an inheritance can be life-changing, but most individuals have never managed that kind of money and find that overseeing that money can be a daunting task!
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The overall stock market has been all over the place in the last 30 days—up, down, and flat. This is not the first time the market has lacked clear direction, and it definitely won’t be the last.
As you are probably aware, a war is raging in Ukraine right now—Russia is exerting its dominance over its western neighbor. In response to this unprovoked action, the western world has united in imposing economic sanctions against Russia, decimating its economy. So, what does this mean for the US economy? And what does it mean for markets?
The stock market consists of all the publicly-traded companies in the country—this means that each publicly-traded company’s aggregate earnings, losses, challenges, and struggles are represented in the stock market. This last month, the stock market declined by almost 10% at one point. So, as investors, how are we to interpret that swing? And, how do we proceed in an environment like this?
Real estate is one of the most common assets owned by your average Joe. In hot markets like these, it begs the question—should you buy, sell, or hold your real estate?
When I was a young adult, I didn’t earn a lot; I struggled to save anything and had a credit card as my emergency fund. Fast forward to now, I can see the wisdom and foolishness of some of my decisions.
Here are five key lessons that I learned.
I have spoken with several individuals hoarding cash on the sidelines since December 2019 because they are waiting for the ‘inevitable’ market crash. Even after the current 5% dip, the stock market has increased by 15% this year and 70.2% since March 2020. Not only has their decision to sit in cash cost them in potential gains, but it has also cost them in purchasing power on account of higher-than-usual inflation.
I’ve been reading a lot of doom-and-gloom articles lately. Some claim that COVID will destroy humanity, financial advisors are stating that inflation is here to stay, and many talk about how retirees are in jeopardy of dying in poverty. Some of these predictions may come true, but many of them probably won’t.
With a crumbling Social Security program, it is becoming more important for people to squirrel away money for their retirement any way they can.
Health Savings Accounts (HSAs) can be a fantastic retirement tool if used correctly, but they are often misunderstood. HSAs are so great because they have the potential to pay a significant portion of your medical costs throughout your retirement if they are funded and maintained correctly.
A lottery is a form of gambling that involves the drawing of numbers at random for a prize. Lotteries only work when many people contribute money to the lottery—the more, the better. Hypothetically speaking, what would happen to a Powerball lottery where corporations, hedge funds, and speculators around the world dump tens of billions into it? That hypothetical scenario loosely describes cryptocurrency.
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