While the U.S. is not currently in a recession, it is a very likely future. Working with a trusted financial advisor is one of the best ways to get through a recession unharmed. They should be able to guide you through this tough time with minimal losses. In order for them to do so, you both need to know what your expectations and goals are. Here are 5 important questions to ask your financial advisor that will help spark conversation.
Investing in real estate is a common way to increase your income. You can be as involved or uninvolved as you want depending on the properties you invest in. There are many different real estate niches that you can explore. Finding the one that is right for you is the key to a successful investment!
Here are 5 real estate niches you should know about.
You’re probably wondering why we are bringing up the 1970s economy in 2022. It’s because many economists see the United States possibly going down a very similar path that could result in another recession.
Biotechnology has come an extraordinarily long way since the days when antibiotics and chemotherapy were first used. As we enter this science-fiction-like age, the question becomes – “how do I financially plan to live a longer life?”.
Is There Any Value in Bitcoin? You’ve heard stories of young people becoming billionaires off of Bitcoin. You might be feeling a little left out, and wondering, “How can I do that?”. Well, the purpose of cryptocurrency and blockchain has changed in recent years, and it’s not a get-rich-quick scheme anymore. If you’re looking toContinue reading “Is There Any Value in Bitcoin?”
Alternatives to Bonds Many investors consider bonds to be one of the safest investments. You may have even heard that they have a “guaranteed rate of return”. The fact is, bonds are a lot riskier than you have been led to believe. Even treasury bonds don’t come without risks. There are many alternatives to bonds,Continue reading “Alternatives to Bonds”
You may believe your money is safe, and that you’re guaranteed to make money from your investment. While bonds are generally safer than stocks, they are by no means risk-free. In fact, bond investments are a lot riskier than you may have been led to believe.
Instead of risking your retirement savings on individual stocks due to overconfidence and fear of missing out, it’s important to take action to protect your money against future economic hardships.
Many people are investing in digital currency with the belief that it is safe from government overreach and economic trouble. Although cryptocurrencies operate independently from third parties through their own trusted technologies, that does not mean that governments cannot indirectly affect your investments in them. They can still heavily tax your investment, penalize you for them, and restrict your access to them in some form. Bitcoin can be a good investment if you go into it with an informed mindset, and a dangerous one if you don’t.