Investing can be tricky. It requires knowledge, patience and a certain amount of trust. Nevertheless, you understand the value of well-placed assets, and you want the most return for your investments. Like many, you may have your ear to the ground for great opportunities, and you don't want to make a mistake and miss the deal of a lifetime.
Maybe you saw an ad on TV or heard something on the radio about a sure-fire investment, something that would secure you for the rest of your life and would never decrease in value, but you had to act now. Perhaps someone called you on the phone and offered you the deal of a lifetime, and you fell for it. Worst of all, maybe the lies came from someone you knew and trusted.
Growing up, we counted on our parents to take care of us and keep us safe. At some point, though, the tables turn. Many people become vulnerable as they grow older, and it is up to us to look out for them.
Even in good times, the market can be unpredictable. Investments that once seemed like a great idea can wind up losing a lot of money when economic conditions change.
Retirement is certainly something to look forward to. But, for the millions of Americans who haven't been able to save enough to retire comfortably, it can also be quite scary.
If you are like most families these days, saving money is a primary goal. Not only do you want to plan for emergencies, but you want to be able to have fun even when money is tight. So, you put away a little bit each month. You might even reach the point when you feel ready to invest and make your money grow faster.
Our world is built on personal relationships. When establishing a new business, running a busy practice or climbing the corporate ladder, we reach out to the people we have met and who made a positive impact on us for support and to verify our decision making processes.
The U.S. Department of Labor's (DOL) new Fiduciary Rule or Conflict-of-Interest rule, seeks to stamp out mismanagement of your retirement savings accounts by forcing more investment professionals to act as fiduciaries, making clear statutory language requiring them to put their clients' interests above their own.
The ability to manage your money efficiently and effectively is a great skill to have, and can lead to your being more comfortable financially in your future. While having the ability to stick to a budget is a good start, the way to make your money work for you is to make the right investments.