Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.
Catch up on some of the latest posts with this week's roundup:
by Jennifer Harper, Bridge Financial Planning
Risk. It’s a word that’s used a lot in the investment and financial planning world. But what does it really mean? In the typical investment/planning context it too often refers to market risk. But market risk is only one of many risks that we take. There is inflation risk when we think cash is safer than investments – it may be over a short period of time, but it’s not in the long run because inflation is a cash killer.
Why Life Insurance is NOT an Investment
by Katie Brewer, Your Richest Life
If you consider life insurance an investment, you’re not alone. Permanent life insurance is often sold as an investment wrapped up in an insurance policy, but don’t be too hasty to sign off on the dotted line on a certain product. There may be better options for you, and far better investments. Here’s what you need to know before shopping for life insurance:
What’s Diversification and Why Should I Care?
by Cady North, North Financial Advisors
Getting smarter about investing means learning some new terminology. One key tenet I teach my clients is diversification. In essence, spreading your investments across industries, countries, different types of securities and account types. This way, if one particular industry or type of security isn’t doing well, hopefully the others will be doing better. You may hear the term “asset class.” The more asset classes you own, the more diversified you will be.
The 4 Stages of Financial Success
by Matt Becker, Mom & Dad Money
It’s tempting to look at financial success as a binary thing: either you’re there or you’re not. This is part of what makes it so hard to make progress. You see other people who seemingly have it all figured out and it feels like they’re so far ahead of you. The gap between where you are and where you want to be feels insurmountable.