Over the past few years, fintech has transformed the finance industry as we once knew it. Historically, only the most experienced financial advisors were worth getting investment advice from. Nowadays, finance researchers and even computer algorithms are viewed as some of the best sources of credible financial advice for novice and seasoned investors alike. Some of the greatest fintech developments in recent years have been robo advisors and peer-to-peer lending platforms. Robo advisors are computer algorithms designed to optimize customers’ … [Read more...] about What Is a Hybrid Robo Advisor? And Why You Should Invest with One
Investment Temperament Trumps Investment Intelligence – 7 Rules for Successful Investing
The following is a guest post by Larry Swedroe, co-author of "". If you'd like to contribute a guest post to Money Q&A, check out our guest posting guidelines. Warren Buffett famously once said, “Success in investing doesn’t correlate with IQ. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people in trouble investing.” Temperament trumps intellect because having the right temperament allows you to ignore the “noise” of the market and be a patient, disciplined investor, … [Read more...] about
How to Tell Your Children that Santa Is Broke This Year
What do you tell your children when times are tough? Is Santa affected by the recession too? How do you tell your children Santa is broke? One of the worst mistakes that we can make is to pretend that nothing is wrong and continue operating in the same manner that we always have during the holidays when our family is struggling financially. It becomes hard to maintain the status quo when times are tough, and it is especially tough around Christmas and the holidays. And, trying to continue the same way is a horrible mistake. We get used … [Read more...] about How to Tell Your Children that Santa Is Broke This Year
Five Ways to Make Holiday Gift Giving Perfect This Year
You may not be ready to think about it yet, but Christmas as the holiday season is rapidly approaching us. And, we all know that the holidays are an expensive time of the year. One reason is that we are a very generous society and love holiday gift giving. One recent survey found that Americans spend over $500 per year on gifts for our friends and family. We love to give and giving can quickly add up and become a budget buster. But, there are a few ways that you can make this a perfect year and still give gifts that make you just as happy … [Read more...] about Five Ways to Make Holiday Gift Giving Perfect This Year
Why Socially Responsible Investing May Not Be Great for Your Investment Returns
In conjunction with present-day debates about pressing issues like climate change, unfair labor practices, green energy, and skyrocketing obesity rates, investors are becoming more aware of the roles their money could play in perpetuating societal ills. This has led to the rapid expansion of socially responsible investing (SRI). SRI allows investors to exclude certain types of companies or industries from their investment portfolios based on their own moral values. This sounds like a great idea…in theory. In practice, SRI is much more … [Read more...] about Why Socially Responsible Investing May Not Be Great for Your Investment Returns
Review of SPENT Money App: How to Earn Cash Back on Purchases
If you’re not consistently maintaining and adjusting a budget for your personal and business-related expenses, then you might run the risk of blowing your budget simply due to disorganization issues. That’s why personal finance management apps like SPENT Money exist. Their goal is to help folks keep track of their financial lives, whether they’re at home, at the store, or even in another country. In addition to helping you manage your business expenses, the SPENT Money app offers its users thousands of opportunities to earn cash back on … [Read more...] about Review of SPENT Money App: How to Earn Cash Back on Purchases
How Businesses Should Budget for Workplace Safety
Few business owners would say they don't care about safety. Most people want their employees to work without risk of injury or illness. A verbal commitment to safety isn't enough to create a safe working environment, however. The workplace continues to pose danger to people in many occupations, including construction and logging. In fact, 5,190 American workers died on the job in 2016 alone. These numbers should concern workers and business owners alike. In order to create a safe working environment for employees, business owners need to … [Read more...] about How Businesses Should Budget for Workplace Safety
Acorns Review – Invest Your Spare Change Automatically
If you’re looking for simple ways to make money, then investing small amounts into a growth-driven portfolio is one of the best ways to plant the seeds for a successful financial future. This is the key factor behind the personal finance app, Acorns, which is designed to round up any purchases made with your synced cards and deposit that spare change into an investment portfolio. Here is our Acorns review. Acorns Review Whether you’re just getting started in investing or you’ve been looking for new ways to invest beyond your traditional … [Read more...] about Acorns Review – Invest Your Spare Change Automatically
3 Simple Ways to Help You Live the Life of Your Dreams
Note - The following post is sponsored by USAA. All opinions are my own. Do you have dreams for your life and your family? Of course, you do. We all do. And, our family finances play a huge role in living our dreams and living our dream life. How to Live the Life of Your Dreams We all have big dreams for our families. And, our finances play a huge role. Here are three simple ways to help you live a life of your dreams. 1. Spend Less Than You Earn Spending less and you earned is a staple in personal finance. It’s the number one … [Read more...] about 3 Simple Ways to Help You Live the Life of Your Dreams
Should You Invest in Fidelity’s No-Fee Index Fund?
There are so many different investment choices out there nowadays. Having to pick just a couple accounts to meet your investment income and retirement planning goals can seem like a daunting decision. However, you can’t go wrong with low-cost, reputable investment companies, especially when it comes to index products like ETFs or index funds like the new Fidelity zero fee index funds. If you want to follow Warren Buffett’s advice about index funds being the best types of investments, then Fidelity’s newest zero-fee index funds are the way to … [Read more...] about Should You Invest in Fidelity’s No-Fee Index Fund?