An estimated 16% of Americans have owned cryptocurrencies such as Bitcoin, primarily in online brokerage accounts and apps, according to a 2021 Pew Research Center survey. But until recently, cryptocurrencies have not been available to employees through retirement plans offered by their employers, limiting their adoption. Fidelity Investments announced an offering in April 2022 that […]
You’ve decided. You’re ready to set aside money for retirement. Kudos! That will soon put you ahead of nearly 41 million of your fellow Americans! According to the Federal Reserve, only 36 percent of non-retired Americans felt they were on track for retirement (even those in their 60s, a small majority, 52 percent did not […]
Since ETFs and traditional mutual funds each have their own characteristics and thus their own pros and cons, there’s no clear-cut answer as to which is always better for everyone. I’ve been a mutual fund investor for nearly 30 years but didn’t buy my first shares in Exchange Traded Funds (ETFs) until very recently. That’s […]
Once the pariah of the financial world, Bitcoin’s staying power has won over Wall Street. Asset managers are now racing to bring the world’s first and largest cryptocurrency to millions of Americans. BlackRock is leading the charge in a new spate of filings to launch a Bitcoin (BTC) spot price ETF. Invesco, VanEck, and WisdomTree […]
I’m a relatively aggressive investor. At age 58 (a couple of years ago) my portfolio allocation to equities was 90%. Comparing that to typical financial planning advice, that’s very high: Are Older Investors Too Aggressive? What the Data Shows It appears I’m not alone in this craziness. Last month, Morningstar published an article titled “Have […]
With new artificial intelligence tools at their disposal, fraudsters have law enforcement officials scrambling to keep up. Across the country, thousands of Americans have lost billions of dollars to investment scams in the last year. But by remaining vigilant, financial experts say you can avoid becoming the next victim. Alarming statistics from a recent study […]
As the world becomes increasingly conscious of the impact of our actions on the environment and society, many investors are looking for ways to align their investments with their values. One way to do this is through ESG investing. But what exactly is ESG investing? Investing is a nuanced and sometimes complex space, and values/impact-based […]
While there are limited circumstances when a 100% stock portfolio makes sense, most of us should be invested in a diversified portfolio of stocks and bonds. I believe you need bonds in your portfolio. But I do have a confession to make, in my retirement accounts, I invest 100% in stocks. Before you call me […]
The young aren’t thinking about retirement, and who can blame them? It seems a long way off. Anything could happen between now and then. In the meantime there is (often expensive) fun to be had, and student debt to pay off. After that there are (maybe) homes to buy, weddings to pay for and families […]