We’ve heard a lot about cryptocurrency over the past couple of years, and it seems like everyone is investing in it. But before you add crypto to your portfolio, try to familiarize yourself with the upsides and pitfalls of this digital currency. What is Cryptocurrency? Cryptocurrency, or “crypto,” is a decentralized digital currency that’s secured […]
Why Your Portfolio Needs Diversification
Your portfolio is meant to be a balance of riskier and more stable investments. Riskier options, like stocks, help you build wealth. More secure investments, like bonds, protect your portfolio from volatility. The challenge is in finding the right mix for you and your financial goals. The Importance of Diversification Your portfolio isn’t meant […]
Top Five Investing Mistakes To Avoid
You know that investing is a critical part of maximizing your money and building wealth. But it’s not enough to just invest. There are some common investing mistakes along the way that can undermine your growth. Here are some of the top investing mistakes I see – and how to avoid them: Investing Mistakes: Timing […]
Should You Pay Attention to Stock Prices?
If you’ve been following the news from Wall Street, you know that just a handful of stocks had record returns recently. The most noteworthy example is Gamestop, where institutional investors saw an opportunity to make money by betting against its share price – a.k.a. short-selling. Short-selling is a way to make money off the price […]
Risk Tolerance: What it is, and Why You Should Know Yours
Do you know what your risk tolerance is? Risk tolerance is your willingness to assume risk for a potential reward. It’s often the basis for how you invest and spend your money. Some people throw their money into every fad, opportunity and hot new investment they come across. They have a high tolerance for risk. […]
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