Author and investing professor Leland Hevner recently noticed a trend among his college-level investing students: Many are retirees or nearing retirement age and have used financial advisers for most of their investing life. They show up in his classroom lost and bewildered, after suffering significant losses of the savings they planned to live on after retirement. Now they need to learn a new strategy. (more…)
In a Financial Upturn, Recovery of Mindset Is Most Important
Between October 2007 and March 2009, the U.S. stock market plummeted 55 percent. And during this time, as noted by Jason Zweig in The Wall Street Journal, the vast majority of 401(k) investors made no adjustments to their portfolios.
And then, in early March 2009, some of these “sitting bulls” finally bailed from the market as fear reached a fever pitch and some experts were warning that the next big drop was just around the corner. (more…)
As 2009 wound down, some of our WEALTH readers made back the money lost after the stock market panic. Others found new opportunities for growth. WEALTH magazine wants to know: How did you invest last year? Where did you put your money, and did your wealth-building efforts work? Share your best strategies with the WEALTH community and pick up some tips here. (more…)
Investing in the stock market is still one of the best ways to reach financial freedom and stay ahead of inflation. Due to the recent ups and downs in the economy, some have wondered if stocks are still a viable investment option. The answer to that question is “Yes!” and the more educated you are on the subject, the less likely you will be to make unwise decisions. (more…)