Itâs easy to think of investments as existing in a vacuum. You contribute money, wait a certain amount of time and watch your portfolio grow. Where that money goes – and how it grows – are questions most people would rather not think about. But the fact is, what you choose to invest in matters.
The post How to Invest in the Greater Good appeared first on MintLife Blog.
Financial freedom is a goal for many people but what does financial freedom mean? It can mean different things to different people but to me, it means you have enough passive income that you do not need to work if you do not want to. You have money coming that will cover your expenses through … Read more
If youâve just graduated collegeâfirst off, congrats! And as youâre creating a massive ânext stepsâ to-do list, that might include landing your first grown-up job, moving to new stomping grounds, or creating a budget, youâll want to add one thing: investing. We get it. While retirement might seem like aeons away, hereâs the thing: The
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Annuities get a lot of press, both good and bad. What it really comes down to is that while annuities aren’t recommended investments for everybody, they can be exactly what’s needed for certain investors.
The post Finding the Best Annuity Quotes & Rates appeared first on Good Financial Cents®.
One of the fundamental ideas I try to promote here at Get Rich Slowly is your savings ought to be invested for long-term growth. You ought to use the magic of compounding to create a wealth snowball.
Naturally, you want put your money into an investment that offers a reasonable return and acceptable risk. But which investment is best? I believe — as do most financial experts — that you’re most likely to achieve high returns by investing in the stock market.
But why do so many people favor the stock market? How much does the stock market actually return? Is it really better than investing in real estate? Or Bitcoin? Let’s take a look.
In Stocks for the Long Run, Jeremy Siegel analyzed the historical performance of several types of investments. Siegelâs research showed that for the period between 1926 and 2006 (when he wrote the book):
My own calculations â and those of Consumer Reports magazine â show that real estate does worse than gold over the long term. (I come up with a real return of just under one percent.) Yes, you can make money with real estate investing, but it’s far more complicated than just buying a home and expecting its value to soar. (It’s important to note that returns on real estate are a contentious subject. This recent academic paper analyzing the rate of return on “almost everything” found that housing actually outperforms the stock market by a slight margin.)
Siegel found that stocks have been returning a long-term average of about seven percent for 200 years. If
youâd purchased one dollar of stocks in 1802, it would have grown to more than $750,000 in 2006. If youâd instead put a dollar into bonds, youâd have just $1,083. And if youâd put that money in gold? Well, itâd be worth almost two bucks â after inflation.
Mortgage rates moved down another four basis points this week, as the markets anticipated the 25 basis point increase the Federal Open Market Committee announced on Wednesday. The Freddie Mac Primary Market Survey for Feb. 2 found the average for the 30-year fixed rate mortgage at 6.09%, down from 6.13% one week prior. The 15-year … [Read more…]
For many people âbudgetâ is a six-letter dirty word, but it doesnât have to be. You may be aware that you need a budget to help you reach your long-term financial goals, but many people donât know where to begin to create an effective budget. A budget is one of the most critical financial tools […]
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Have some time off during the summer months and can spare some time to up your money game? Or maybe youâre raking in extra cash from summer side gigs. Either way, you might want to think about some investing. Sure, the siren of impromptu getaways in exotic locales may be beckoning, but youâll want to
The post Easy Ways to Start Investing Your Money This Summer appeared first on MintLife Blog.
You’re not going to be happy when you open your 2022 retirement account statements. Here’s some advice that’s going to help.