Disclaimer - You should not consider this as professional stock market and stock picking advise. Every investor should do their own research before investing. If you don't feel comfortable investing, you should seek out the help and advice of a certified professional. The following is a guest post by Dan Charles is a professional trader/investor, Portfolio manager, and trading software developer. To learn more about him check out https: https://www.simpletrades.net/. If you'd like to guest post on Money Q&A, check out our guest posting … [Read more...] about What to Look for Next Week in the Markets
When the pandemic first hit, it became obvious how much we rely on our homes and - how essential it is to have a comfortable, safe space where you can look after your wellbeing. And today, given that the consequences of the pandemic are not giving signs to be leaving soon, you might be considering an upgrade for your current family home. While it will naturally involve a significant investment, it can represent a smart financial move and bless you with enough space for a happier life. Follow the checklist below to decide whether this is the … [Read more...] about Should You Upgrade to a Bigger Home? 3 Considerations for Buyers
Everyone matures at their own pace, but generally speaking, your 30s are a time when you’re no longer spending money as frivolously as you did when you were younger and you’re starting to get really serious about how you want to map out and pursue your financial goals for the rest of your life. Whereas 20-somethings are still figuring out who they are and what they want to do in the future, a 30-something is likely established in their career, ready to start (or already started) a family, considering the possibility of buying a home … [Read more...] about Guide to Investing in Your 30s – What You Need to Know
Everyone knows that the stock market fluctuates frequently and that it increases and decreases sometimes by large amounts. But why do the stock prices change? What are the factors that cause the changes? It’s important to identify the forces that cause this volatility. Here are some of the key reasons why stock prices fluctuate. The Economy When there are changes in the economy it has a direct impact on the stock market. Whether this is a boom or a depression, you’ll see a change in stock prices the moment that this … [Read more...] about What Affects Stock Price and Makes Prices Move?
Whether you have children or grandchildren that are looking to receive a college education in the future, you’ll be considering the ways in which you can effectively and efficiently put money aside to help them pay for college. There are several ways that you can do this, including utilizing your Roth IRA or setting up a 529 college savings plan. What is a Roth IRA? Before discussing the effectiveness of using a Roth IRA as a means to pay for college, it’s important to first identify exactly what it is. For those that aren’t familiar with … [Read more...] about Can I Use a Roth IRA to Pay for College?
In his book, Predictably Irrational: The Hidden Forces That Shape Our Decisions, author Dan Ariely writes, “Wouldn’t economics make a lot more sense if it were based on how people actually behave, instead of how they should behave?” In the same vein, investors of all backgrounds and net worth levels generally know how they should invest but nevertheless make bad investment decisions like getting deeply involved in penny stocks, gambling on the potential of a new cryptocurrency, trying to “time the market,” or investing much too … [Read more...] about How Your Cognitive Biases Can Hurt Your Investment Returns