Stock charts make it easy to see how the market’s doing at any given time — green means up, red means down — and during a bear market, it’s generally red as far as the eye can see. For many people, the color red means one thing: stop. But to stop investing generally is a bad idea when the market gets scary. Worse yet? Selling stocks out of fear. Given that bear markets, defined as declines of at least 20 percent in asset prices from a recent high, are somewhat inevitable, here are some tips for how to make the most of investing during these times. Make dollar-cost averaging your friend Say the price of a stock in your portfolio slumps 25 percent, from $100 a share to $75 a share. If you have money to invest — and want to buy more of this stock — it can be tempting to try to buy when you think the stock’s price has cratered. Problem is, you will likely be wrong. A more prudent approach is to regularly add money to the market with a strategy … [Read more...] about Strategies on making most of bear market
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How to Invest During a Bear Market
Anna-Louise Jackson, NerdWallet Published 3:11 pm CST, Friday, January 18, 2019 This article was first published on NerdWallet.com. Stock charts make it easy to see how the market’s doing at any given time — green means up, red means down — and during a bear market, it’s generally red as far as the eye can see. For many people, the color red means one thing: stop. But to stop investing generally is a bad idea when the market gets scary. Worse yet? Selling stocks out of fear. It takes resolve to keep investing during a bear market. These market events, defined as declines of at least 20% in asset prices from a recent high, likely will happen a handful of times during your investing lifetime. In the past 50 years, the S&P 500 has experienced six bear markets, according to data from Yardeni Research. (Confused? Get some background on bear markets.) Given that bear markets are somewhat inevitable, here are some tips for how to make the most of … [Read more...] about How to Invest During a Bear Market
Three ways to save more money in 2019
Improving your financial health needs to become a priority. Make this year the one where you take your savings to the next level. Automate everything You can’t forget to save if it’s automated. Whether it’s your 401(k) contribution taken pretax from your salary or automatic transfers from your checking account into a savings or money market account, automating will help you save without even thinking about it. Financial planner Lauren Zangardi Haynes said your employer may be able to also split your paycheck so it goes into both your checking account and a savings account. “And then you can automatically transfer that money to an investment account, or to an IRA, or to a Roth IRA,” she said. Evaluate your banking Take a look at your savings account to make sure that you are earning a competitive annual percentage yield (APY). Yields have climbed in the past year, and a number of savings accounts are offering more than 2 percent APY. If you are not earning … [Read more...] about Three ways to save more money in 2019
You can finally earn money from your savings, but where you put it can make a big difference
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Katheleen Conti Globe Staff July 11, 2018 For a long time, it hardly seemed worth putting money in the bank. With the country mired in a deep recession a decade ago, the Federal Reserve slashed interest rates to near zero in an attempt to “stimulate” the economy. In recent years — amid jobs growth, healthy corporate earnings, and surging stock markets — the Fed has incrementally raised rates for borrowing. Consumer savings rates, however, have remained stubbornly low.That’s starting to change. Risk-averse people who have the means to sock away some cash are now able to earn a decent — if not exactly generous — guaranteed return from bank savings, money market, and CD accounts. Some banks and credit unions are aggressively competing for their business with a flurry of promotional rates that can be as confusing as they are … [Read more...] about You can finally earn money from your savings, but where you put it can make a big difference
12 Great Apps To Save More Money and Jump-Start Your Financial Freedom in 2018
New Year, new you? How about New Year, new ways to save your money? Every start of the year gives us another chance to implement better money-saving habits or to improve upon the ones we’ve already adopted. It’s no surprise that the top resolutions for Americans often include financial-oriented goals. At the start of 2017, digital marketing company, iQuanti, compiled a list of the most popular resolutions based on Google search terms the year prior. Rounding out the top five was the resolve to “spend less and save more.” In a recent PNC Financial survey of employed U.S. adults, when asked which financial-related resolutions they are most likely to make in 2018, 40% stated save more money each month, 31% said reduce spending each month, and 27% wanted to save more for retirement. But as quickly as we make them, many of us are also more likely to break financial resolutions due to circumstances or plain lack of discipline. Each year, money-related resolutions make … [Read more...] about 12 Great Apps To Save More Money and Jump-Start Your Financial Freedom in 2018