Some of the best strategies for managing money are based on principles that have stood the test of time: Save consistently, diversify, keep your costs down.
But that doesn’t mean you never have to adjust your thinking in response to a single major event or a fast-growing trend.
Invest globally
Your investments must reflect a radically changed economy.
The
Continue reading Money and Wealth: Investing Strategies You Need Now
For the most part it seems like we are heading out of this recession, it least the economy seems to be heading the right now. About a year ago IMF came out saying that we are in the midst of the worst global recession since World War II. Banks were failing, we had massive layoffs,
Continue reading How to Prepare for the Next Recession
Investing abroad makes sense. But to do international investing right, understand three key lessons from the latest mess.
1. No refuge in a panic
Spreading your bets all over the globe can reduce risk, but perhaps not the way you expect. It doesn’t ensure that you’ll always have at least one stock fund that’s making money; indeed,
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American households saw their wealth increase at the end of last year, mainly because the healing economy boosted stock portfolios.
The Federal Reserve says household net worth rose 1.3 percent in the fourth quarter to $54.2 trillion. It marked the third straight quarter of gains. Net worth had risen 4.5 percent in the second quarter of
Continue reading Net Worth and Wealth Increases for American Families
Question: I lost about 40% of my retirement savings after taking early retirement. I’m now 55 and have 650,000 left. Can you suggest a portfolio that provides capital appreciation, income and growth? I require about 6,000 a month to live on.
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Prosperity Concierge does not consider Russia to be appropriate for investors. The risks are simply too high. That being said, there is a place for modest investment in Russian energy companies in a well-diversified portfolio.
Most emerging countries have made great strides to reduce risks and, as a result, represent good value for investors. Russia is an
Continue reading Use Caution When Investing in Russia for Your Emerging Market Portfolio – The Risks are High
When is the best time to invest? What is the best way to invest? These are the two most common questions I have received from clients in the past and readers now. My answers are always the same, best time to invest was yesterday, but today is the next second best opportunity. The best
Continue reading Dollar Cost Averaging As An Investing Strategy