Investment portfolios are built to help you reach your goals. We’re always working to maximize returns while taking on only as much risk as you’re comfortable with. We do this by combining different assets, like stocks and bonds, in different ways. However, these combinations can get out of balance....
These days, there’s a lot of buzz about Bitcoin, from its value as an investment to its potential to revolutionize currencies. In fact, I started looking into it because my clients kept bringing it up as something they were exploring. I decided to dig deeper into what Bitcoin is...
Here at Gen Next Wealth, we talk a lot about helping folks get a leg up on their finances. That doesn’t just mean encouraging investing as a way to generate wealth. It also means using investing as a tool to promote the causes you care about. How we invest,...
Sometimes it’s helpful to think of investing like football. You need an offense, a defense, and special teams. When the stock market is increasing, you want your offense playing. When the market is down, you need to put the defense in. And in weird scenarios, like when there’s an...
Picture this: You get your first real job. You’re adulting. You’re excited to get out there and get to work. Then you get the piles of paperwork. One of those piles is probably tied to the employer’s 401(k) plan. Most of the people I talk to know vaguely what...
We sometimes use "the market" as a catchall term. But what do we really mean when we talk about the stock market?
Bonds — also known as fixed income — are one of the main tools investors and advisors use to add stability to an investment portfolio. Nevertheless, how bonds work and how they provide stability remains a mystery to many. So let’s recap some of the basics, including what bonds...
When people ask me about stocks, they mostly want to know my opinion about investing in specific companies. One thing I rarely get asked about, but that’s actually really important, is how stocks work. Stocks are the backbone of a lot of investment portfolios. And while many people know...
Being a fiduciary is a topic that is near and dear to me. It might be the most important word that you need in your vocabulary when you work with any financial professional. Therefore, we need to get past the idea that it sounds like an intimidating word, and...
When the economy is uncertain, like in 2020, people tend to get nervous. And that often means they want to make changes to their investments. But that may not be the best strategy. In fact, I recently talked to Daniel Crosby, a psychologist who specializes in money, about this...