The recent COVID-19 pandemic, geopolitical turmoil, and high inflation have brought about unsettling investment market volatility. When a market is volatile, it is even more important to have a diversified investment portfolio. Diversification helps your portfolio withstand volatility and smooth returns over time.
So, what is diversification, and why is it so important?
Time is a valuable commodity, and it is important to understand how you can use it to your advantage. When it comes to money, understanding how best to use the time you have available can help you make more informed decisions about managing your finances—increasing your earning potential and creating a better financial future for yourself.
In this article, we’ll discuss the value of time for you and your money, as well as some practical tips on how to make the most of both. With this knowledge in hand, you’ll be able to make smarter decisions with your resources and achieve greater success in life.
While recessions can be challenging times, they are a part of the normal business cycle and can be expected to occur periodically. If you know how to prepare yourself for a recession, you have a better chance of remaining financially stable and may have the opportunity to build your wealth.
An executor is an individual appointed by you to administer your will and testament after you have passed away. An executor’s duty is to follow your instructions in the management of your affairs and fulfill your wishes as per your last will and testament.
Choosing your executor is an important task, but how do you know who you should choose? Below we will list some important factors to consider as you make the decision.
You may have substantial earnings or have inherited a comfortable lump sum but if you don’t know how to grow it, then it is very likely that your wealth will deplete over time.
This will of course contribute to one of the greatest of financial fears, the fear of outliving your savings.
To hold onto your savings the most important first step is to work with a qualified financial professional to establish a personalized comprehensive financial and investment plan.