If you want to work with Millennials and Gen Z, you've probably seen these articles in the past year. Bob Klein's MarketWatch articles, along with Karen DeMasters’ piece on CAPTRUST, were fascinating. LPL's NestWise also recently signed 10 new advisors. These articles will help you to work with these generations and ensure you can give them the best financial advice.
Bob Klein's MarketWatch article
Bob Klein's MarketWatch article has some great points. But, you should remember there are many things that you need to be aware of when hiring financial advisors. Although he recognizes the advantages of working with someone who understands your needs and the potential pitfalls of hiring the wrong advisor, he also points out the dangers of doing so. As a rule of thumb, the younger an advisor is, the less they will be able to help you.
John Curry's Captrust article
John Curry (CAPTRUST Chief Market Officer) spoke about VESTED magazine's future plans during a recent interview. Curry explained how the firm reinvests 50 percent of its profits each year. The company's strategy involves creating an interactive retirement readiness tool, as well as modernizing back office technology to ensure clients have a seamless experience. The strategy is designed to make everything digital and move it all to the cloud.
LPL Signs 10 Advisors for NestWise
The new company gained momentum quickly after LPL bought Veritat last summer. A recent press release announced the hiring of 10 advisors in three regions. Investors had high hopes for the new startup after the company received positive feedback on its progress reports. Bloomberg then made a similar purchase. It seemed there was an underlying movement.
John Curry of CAPTRUST wrote this article
CAPTRUST continues to be a challenger in the brokerage sector, but its business model and sophistication make it worth keeping an eye on. CAPTRUST's business model relies on its ability to scale. Wirehouses have not been able to match it. The number of financial advisors at CAPTRUST has increased from just 28 in 2007 to 78 today. The firm has increased its asset base from $22 billion to more than $85 billion in assets.
FAQ
What do I need to know about finance before I invest?
No, you don’t have to be an expert in order to make informed decisions about your finances.
All you need is commonsense.
These are just a few tips to help avoid costly mistakes with your hard-earned dollars.
First, be careful with how much you borrow.
Do not get into debt because you think that you can make a lot of money from something.
You should also be able to assess the risks associated with certain investments.
These include inflation and taxes.
Finally, never let emotions cloud your judgment.
It's not gambling to invest. It takes discipline and skill to succeed at this.
These guidelines will guide you.
How can I invest wisely?
An investment plan should be a part of your daily life. It is vital to understand your goals and the amount of money you must return on your investments.
It is important to consider both the risks and the timeframe in which you wish to accomplish this.
This will help you determine if you are a good candidate for the investment.
Once you have chosen an investment strategy, it is important to follow it.
It is better to only invest what you can afford.
Is passive income possible without starting a company?
Yes, it is. In fact, most people who are successful today started off as entrepreneurs. Many of these people had businesses before they became famous.
You don't necessarily need a business to generate passive income. You can create services and products that people will find useful.
Articles on subjects that you are interested in could be written, for instance. Or you could write books. Even consulting could be an option. The only requirement is that you must provide value to others.
Statistics
- If your stock drops 10% below its purchase price, you have the opportunity to sell that stock to someone else and still retain 90% of your risk capital. (investopedia.com)
- According to the Federal Reserve of St. Louis, only about half of millennials (those born from 1981-1996) are invested in the stock market. (schwab.com)
- As a general rule of thumb, you want to aim to invest a total of 10% to 15% of your income each year for retirement — your employer match counts toward that goal. (nerdwallet.com)
- Over time, the index has returned about 10 percent annually. (bankrate.com)
External Links
How To
How to invest into commodities
Investing means purchasing physical assets such as mines, oil fields and plantations and then selling them later for higher prices. This process is called commodity trade.
Commodity investing is based on the theory that the price of a certain asset increases when demand for that asset increases. The price of a product usually drops when there is less demand.
You will buy something if you think it will go up in price. You want to sell it when you believe the market will decline.
There are three main types of commodities investors: speculators (hedging), arbitrageurs (shorthand) and hedgers (shorthand).
A speculator will buy a commodity if he believes the price will rise. He doesn't care if the price falls later. For example, someone might own gold bullion. Or someone who invests in oil futures contracts.
An investor who buys commodities because he believes they will fall in price is a "hedger." Hedging is a way of protecting yourself from unexpected changes in the price. If you have shares in a company that produces widgets and the price drops, you may want to hedge your position with shorting (selling) certain shares. That means you borrow shares from another person and replace them with yours, hoping the price will drop enough to make up the difference. When the stock is already falling, shorting shares works well.
The third type, or arbitrager, is an investor. Arbitragers trade one thing in order to obtain another. For example, if you want to purchase coffee beans you have two options: either you can buy directly from farmers or you can buy coffee futures. Futures enable you to sell coffee beans later at a fixed rate. While you don't have to use the coffee beans right away, you can decide whether to keep them or to sell them later.
You can buy things right away and save money later. You should buy now if you have a future need for something.
There are risks associated with any type of investment. One risk is that commodities could drop unexpectedly. Another is that the value of your investment could decline over time. These risks can be reduced by diversifying your portfolio so that you have many types of investments.
Taxes are another factor you should consider. If you plan to sell your investments, you need to figure out how much tax you'll owe on the profit.
If you're going to hold your investments longer than a year, you should also consider capital gains taxes. Capital gains taxes are only applicable to profits earned after you have held your investment for more that 12 months.
If you don’t intend to hold your investments over the long-term, you might receive ordinary income rather than capital gains. You pay ordinary income taxes on the earnings that you make each year.
When you invest in commodities, you often lose money in the first few years. However, you can still make money when your portfolio grows.