Money Moves to Make Before Year-End
Before you pop open any champagne for New Year’s Eve, make sure that your money is ready for 2018.
Before you pop open any champagne for New Year’s Eve, make sure that your money is ready for 2018.
This week marks the 30th anniversary of Black Monday, October 19,1987, when the Dow Jones Industrial Average fell 508 points and the S&P 500 saw a one-day loss of -20.5%.
"My advisor should help me get out of low-performing investments—and get into high-performing investments" / "My advisor only focuses on my account balance—everything else is up to me"/ "When the market swings, my advisor should make a change to my portfolio." / "If my portfolio doesn’t include the most popular investments, my advisor isn’t doing a good job."/ "I only need an advisor if my portfolio is complex."
The first thing you need to figure out is how much of your contribution your employer is wiling to match. This is usually expressed as a percentage, with employers often matching up to 6% of salary. That means for every dollar you contribute up to 6% of your salary, your employer contributes something to match that contribution.
Almost every day in the investing world, you will hear terms "bull" and "bear" to describe market conditions. But what exactly do these terms mean and where did the names come from?