Losing a job is a high-stress event, but what comes after can have long-term ramifications for both your mental state and financial situation. The best plan is to have a plan. Whether you are recently unemployed or recognize this is something that could happen in the future, here are some guidelines to help minimize the financial impact of unemployment.
The Wealth Report
Long-term investing through dividend stocks has been a reliable method to help build wealth. If you’re investing with the goal of providing retirement income in the future, dividend stocks offer an interesting option for your equity allocation. These stocks tend to be issued by high-quality companies that are well-established in their industries and appear to be here for the long haul. One caution, though: Dividend stocks are not considered growth securities. They’re all about income growth over the long haul.
In the U.S., interest rates have remained relatively low for about a decade — since the Great Recession. Low rates are a problem for conservative bonds, traditionally a preferred investment for retirees. Because of low income yields, retirees have sought supplementary income from more aggressive holdings. One such security is the dividend stock.
The typical profile for a dividend stock investor is someone seeking income payouts over the long term, with principal preservation and modest growth. [Read more…]
Speculation can be fine now and then, if you have the money to lose. But investing involves knowing the fundamentals of a company and making wise, evidence-based decisions. Take the popularity of bitcoin — a prime example of speculating, not investing.
There’s no question that 2017 was the year of the bitcoin. In just 12 months, the digital currency rose from under $1,000 in price to nearly $20,000. 1 Before its meteoric rise in value that year, most people had never heard of the digital currency and probably thought it was a gaming app you could download on a smartphone.
Now, however, it seems everyone is talking about bitcoin. You hear stories of people who threw away a hard drive years ago containing bitcoins, when the cryptocurrency was almost worthless. At one point last year, that junked-out hard drive would have been worth millions. 2 Conversely, though, the currency had a difficult first quarter in 2018, falling 48 percent in value. 3
Speculation can be fine now and then, if you have the money to lose. But investing involves knowing the fundamentals of a company and making wise, evidence-based decisions. Take the popularity of bitcoin — a prime example of speculating, not investing. [Read more…]
You might consider purchasing life insurance for a number of reasons. One of the first considerations in your pursuit of the right policy is understanding the various types and how each relates to your situation.
Life insurance policies fall under two broad categories: term and permanent. With a term policy, you purchase a death benefit amount and determine how long you want to hold the policy; it pays out a death benefit if the owner passes away during the specified term. Permanent insurance policies, in addition to providing a death benefit, feature a cash value account that, over time, builds up a balance you can access. [Read more…]
Prepared for Safe Harbor Financial by Sterling Capital Management.
We at Sterling Capital Management are engaged in three key support areas: providing custom asset allocation frameworks, selecting high-quality investment managers and constructing well-diversified portfolios. Importantly, of course, we remain engaged every day in the ongoing monitoring and periodic rebalancing of those portfolios over time.
Today we are pleased to provide a review of global financial markets during the second quarter of 2018, to reflect on changes we made to our portfolios during the quarter, and to update our current positioning and outlook. [Read more…]