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Dollars and Good Sense provides valuable tips and insight on how to better manage your money. We always want to see our clients grow in their knowledge of their own personal finances.
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An Emergency Fund: Your Safety Net
If you lost your major source of income today, how long could you finance all of your expenses before being forced into debt? If a great investment opportunity became available now, would you be able to finance it while avoiding debt?
Life’s exciting journey shifts between opportunities and challenges, whose timing is outside of our control, and which require immediate cash. Many persons, when faced with similar circumstances, choose to withdraw funds from an investment or retirement account. This is not the best option; an emergency fund provides a better solution. An emergency fund is money reserved for life’s unexpected opportunities and/or mishaps.
Lessons From the World’s Best Investors
Would you rather learn from the world’s most experienced and knowledgeable investors or would you rather make all the successes and failures on your own? Here are quotes from investors who have been there, done that, and may have even written a book about it. There are also some great lessons to be learnt and takeaways for you, whether you are a big investor or small investor. First, test your knowledge of the famous investment quotes and important takeaways.
Are You an Investor or Speculator?
Are you a stock market investor or speculator? Both investors and speculators can make money on the stock market however the level of risk taken is different. Investors primarily focus on the financial analysis of the company and purchase stocks based on perceived good medium to long-term value, this approach has less risk. However, speculators try to beat the market by timing it, with little, if any, financial analysis of the company. For speculators the aim is to purchase ‘hot stocks’ and sell them just before the prices fall significantly; this approach is more risky.
7 Stocks to Watch for 2018
Do you have three to six months of your expenses set aside in an emergency fund? Do you have a long-term goal and are prepared to invest for up to 5 years? Are you willing to take the potential risk that comes with investing in the stock market? If you answered “yes” to all the above; then here are some good long-term stocks to consider for investment. These stock recommendations have been provided courtesy of our JMMB Research team.