Advisors

The rise of popular robo-advisor platforms, such as Wealthfront and Betterment, which provide automated, low-cost investment management services, leaves many people wondering if the age of financial advice from actual humans is on its way out. This is not the case, according to some recent industry studies. Although there are fewer associated costs, millennials prefer
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The stereotypical child star generally is not known for being good with money. Yet Cary Guffey, who played Barry, the young boy abducted by aliens in director Steven Spielberg’s 1977 classic Close Encounters of the Third Kind, now oversees $170 million in assets as a financial advisor with PNC Investments. More from Investor Toolkit:How to
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There’s a natural fear that the threatened $100 billion in tariffs on Chinese goods may hurt investment portfolios. But while the stakes seem high, they are much higher if you get rid of mutual funds containing Chinese investments before careful analysis. It’s important to react slowly. Strategies to help portfolios survive a changing trade environment
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As it’s been said before, “there is no free lunch,” and it is no different for municipal bonds. The rules of asset diversification apply even in the compelling case of tax-free income. Bonds have historically had little correlation to equities except in market crisis situations, so creating a portfolio of both equities and bonds makes
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People carry different “money scripts,” or financial beliefs, said Edward Horwitz, director of financial psychology programs at Heider College of Business at Creighton University. An individual’s past experiences with money are what shape these attitudes, which then inform their financial decisions and behavior throughout their life. Perhaps a person watched as half their 401(k) plan
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Once an entrepreneur’s new business venture is up and running, a well-constructed financial plan should be put in place to meet personal goals. An entrepreneur’s financial plan differs in many ways from one for a non-entrepreneur. How entrepreneurs compensate themselves — via wages or profit distributions — impacts what they pay in Social Security and
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Short-term bonds. Consider a diversified portfolio of short-term bonds or, for investors in a high tax bracket, short-term municipal bonds. Short-term bonds pay higher interest rates than money markets or CDs. In addition, they will typically lose very little principal relative to longer-term bonds should interest rates go up. Fixed annuities. Fixed annuities currently guarantee
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If you’re still procrastinating on filing your 2014 tax return, time is running out for you to collect your refund. About one million taxpayers have yet to file a return for that year. Unpaid refunds from those returns total more than $1 billion, according to the Internal Revenue Service. The median refund is $847. The
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If this is the beginning of a bear market in bonds, however, it is unlikely to be a very long or painful one. Already, the 10-year yield has dropped back to 2.8 percent — largely as a result of President Donald Trump’s desire to initiate trade wars. “I don’t consider this a bear market,” said
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While some of us get excited for a long-awaited tax refund, many stress over getting their taxes filed correctly and paid on time. The passage of the Tax Cuts and Jobs Act in December 2017 into law means that upcoming tax seasons may be all the more stressful as people struggle to make sense of
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Even in its early stages, blockchain is acquiring such renown for potential that any business associating itself with the term can attract new investment overnight, prompting some to use “the B word” so casually that they’ve also attracted attention from regulators. Core blockchain software lives on the internet, available to anyone with a modem, just
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Market volatility is the statistical measure of a market or security’s tendency to rise or fall sharply within a short period of time. Measured by standard deviation, volatility can be caused by the imbalances within trade orders in one direction or another. Volatile markets are characterized by wide price fluctuations and/or heavy trading. Although there
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