The Real Cost of Impulsive Investing

Worried man watching stock drop as he makes an investing mistake
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It seems to happen every fall. The stock market is rolling right along, hitting new highs every week or so. And then by September or October something spooks the markets. Investors who have been ignoring economic warning signs all year suddenly start paying attention. Sometimes when the S&P 500 drops by 5% or so, they make a snap judgment to sell, ignoring the double-digit gains it’s posted so far.

Source: moneytalksnews.com

7 Simple Tips for How to Invest for Retirement

Bearded man studying investing basics on his tablet
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Editor's Note: This story originally appeared on NewRetirement. Investing requires some level of expertise and a way of thinking about money that is not innate for most people. Furthermore, the way you need to think about investing definitely changes as you age. How to invest for retirement is a very complicated question to answer. We hope the following will help you feel prepared and comfortable…

Source: moneytalksnews.com

Should You Buy Bitcoin or Gold?

Bitcoin
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Editor's Note: This story originally appeared on SmartAsset.com. The COVID-19 recession may have gotten you thinking about how to preserve your wealth. Many investors consider assets like Bitcoin and gold as ways to preserve wealth. Gold has thousands of years behind it as a universally recognized safe-haven commodity asset and inflation hedge. But the precious metal has been compared with a new…

Source: moneytalksnews.com

Make These Investments to Profit From the Infrastructure Bill

President Joe Biden
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Editor's Note: This story originally appeared on SmartAsset.com. After months of debate and delay, President Joe Biden’s trillion-dollar infrastructure plan has passed both chambers of Congress, and he will sign it into law today. The bill, which invests in the nation’s roads, bridges and ports, will also pump billions of dollars into broadband infrastructure, clean water systems and other…

Source: moneytalksnews.com

16 Ways to Outsmart Your Brain for More Wealth and a Better Retirement

Thoughtful older woman
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Editor's Note: This story originally appeared on NewRetirement. Your brain is not necessarily set up in a way that makes it easy to plan a secure retirement. You have cognitive biases — faulty ways of thinking that are unfortunately hardwired into your brain — that work against you. Behavioral finance and behavioral economics are the study of these phenomena. Understanding behavioral finance and…

Source: moneytalksnews.com