Though there may be little you can control in the realm of investing, there are at least four things that you can. They include knowing your risk tolerance, being aware of how tax rules affect your investments, being mindful of the fees you pay, and looking for conflicts of interest in your advisor. Tending to these four considerations will increase your chances of success.
Medical professionals are among the millions of Americans who confuse the financial products they own with having a retirement plan.Â Unfortunately, most individuals donâ€™t have a plan. Instead, they own a variety of products theyâ€™ve been sold by a commission-based financial advisor, broker or insurance representative â€” who often is a salesperson masquerading as a financial planner.
How do you measure the success of your portfolio? If youâ€™re like most investors, you probably compare the performance of your portfolio to a major index, such as the S&P 500. But this might not be the best approach. Often, investors wonâ€™t see the same gains in their portfolios as they do in the S&P, mostly because the S&P 50 is cap weighted.
The Federal Reserveâ€™s decision to raise interest rates last week has sent ripples through the global economy. But you may be feeling the impact a bit closer to home, if youâ€™ve looked at your portfolio. Fortunately, there are a few things you can do to protect your investments. Read on, particularly if youâ€™re heavily invested in bonds.