Advisors

One big question on investors’ lips today is whether bitcoin is risky or not. And the answer to that question is yes, according to financial advisor Ted Jenkin, CEO at Oxygen Financial. Bitcoin is a peer-to-peer digital payment system. And because of that, there’s no government involvement, no central authority and no FDIC insurance, Jenkin
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When plotted over time on a graph, the spread of the two rates normally forms a curve — the wider the difference, or spread, the more pronounced the curve. This curve is what’s known as the yield curve, though there are other curves involving yield differences. When long-term bond rates are higher (they usually are
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Becoming too emotionally attached to investments can result in irrationally clinging to an asset longer than you should. This can be especially true of stock issued or sold to you by your employer. Taking an unrealistic view of your company stock can lead to a critical lack of portfolio diversification. Whether it’s being overconfident about
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Central to Americans’ confidence in our government is their confidence in our tax-collection system. Unfortunately, the Internal Revenue Service has not always earned that trust, undermining this system of voluntary compliance and taxpayer engagement. Fortunately, this has been a bipartisan issue in the past, and we believe a bipartisan proposal exists to once again solve
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“Anything that is international equities excludes the U.S.; therefore, it is much easier for those managers to outperform,” said Frank Talbot, Citywire’s head of investment research. “There’s a lot of good managers in international equities, where the outperformance is above 50 percent, meaning that more than half of the fund managers add value in those
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Determining the mix of investment types is one of your most important tasks as an investor. Every investment has different strengths that allow it to play a specific role in your overall strategy. For instance, some investments may provide regular income while others may serve as a temporary place to hold for cash. Some even
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Start with the Securities and Exchange Commission and/or the state the fund is registered in, and check for all disclosures and any negative press that has occurred. Research the tenure of the portfolio manager(s), and research not only their SEC and/or state information but also any personal information that is unusual about the manager(s). Subscribe
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Thanks to the internet, it’s easy to spend money these days. Retailers offer us endless ways to automate our purchasing. They show us products we’ve looked at, and they offer one-click purchasing and send emails reminding us that we’ve left something behind in a cart. Fortunately, we can turn the tables. We can use that
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2. What should I do with distributions? Generally, distributed money is subject to income taxes and a 10 percent early withdrawal penalty if you’re under 59½ years old (except in certain circumstances). If you want the money before you reach 59½, you’ll pay 20 percent to 40 percent in taxes and penalties. Federal rules require
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You usually have the choice of receiving payments for the rest of your life (a single-life annuity) or selecting from a variety of survivor options (joint and survivor annuity) that allow for your beneficiary to continue receiving payments after your death. If you choose payments for your life only, your monthly income will be higher.
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If you’ve managed to pull together a strategy for your personal finances, odds are it’s not the right one for you. That’s because many financial plans fail to consider the unique characteristics of an investor’s life, including his or her biases and the fluidity of investing goals, said Joe Duran, founder and CEO of United
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Jack Guez | AFP | Getty Images Bitcoin is a borderless digital currency that eliminates the need for a bank. Therefore, understanding this concept hinges on conceiving financial transactions without banks. Perhaps less surprising is that predictions of bitcoin’s demise fail to account for technological factors. Bitcoin is, after all, technology, but you don’t have
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If you’re looking for a sector that’s poised to grow, think technology. Certified financial planner Ted Jenkin, CEO of oXYGen Financial, predicts there will be strong growth in this area in the next five to 10 years. And there are three areas within this sector that could see the biggest boost. 1. Artificial intelligence. The
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