Dollar Cost Averaging Creating Good Money Behavior

The increase in volatility to start 2018, coupled with the almost 9-year bull market run has caused many sophisticated investors to question when to buy and when to sell. So, it’s important to remember that there is a very simple investment strategy that doesn’t require you to stare at trading screens all day – Dollar-Cost-Averaging. It isn’t new and exciting, but many a successful investor has proven its worth. The principal behind it is this: You put the same amount of money into the same investment on the same day each month. Those months when the investment’s price goes up, your set amount does not buy as many shares. But when the investment‘s price dips, you get to buy more shares at a cheaper price. Guess what? When the price goes back up, all those shares you bought cheaply make you some money. Those shares you bought when the price …


10 Timeless Financial Tips

Advice on how to save, manage, invest and spend money from Knight Kiplinger, the editor in chief of Kiplinger’s Personal Finance.

What is Keeping Financial Advisors Up at Night? A 2018 Outlook

Last month, I recapped our growth in 2017, which we followed with a press release detailing what topics and trends our readers were interested in throughout the year. In the release, we noted that financial advisors are the fastest growing audience on Harvest. This group now accounts for nearly 70,000 monthly active users, over 300% more than a year prior. According to our data, two trending topics that stood out to advisors on our platform were “robo” platforms and practice management. To me, this suggests that advisors have been reconciling not only with how best to manage client portfolios, but also simultaneously trying to justify their existence. One month into the new year, here is how I see these trends playing out for the remainder of 2018: Robo-Advisors Robo-advisors are projected to manage $385 billion of client assets by 2021, according to Cerulli Associates. Betterment, Personal Capital, and Wealthfront were the pioneers …


It’s Not Just You – Politics is Stressing out America’s Youth

“I can’t sleep.” – A 16-year-old “It’s been extremely hard to concentrate.” – A 22-year-old “I got behind in school.” – A 22-year-old “I feel like I could get killed any second.”- An 18-year-old “I’m nervous about whether I need to go to school wearing a gas mask.”- A 14-year-old “I’m scared for my safety.” – A 15-year-old The current political climate has been difficult for Americans of all political stripes. People have been so stressed that, just before the 2016 presidential election, the American Psychological Association released a list of coping strategies to help adults deal with election-related stress. The focus has been on adults, yet teens and college-aged Americans are exposed to the same headlines. Turns out – youth are feeling it, too. In our survey of 80 youth across the nation, published Feb. 13, we found that a majority experienced physical or emotional distress before and after the …


The Tax Cuts and Jobs Act of 2017 is Law

The Tax Cuts and Jobs Act of 2017 is Law: The Detailed Provisions to Know The Tax Cuts and Jobs Act, a measure that has been characterized as the first major reform of the Internal Revenue Code in 31 years, received final approval from the House and the Senate on December 20, and was signed into law by President Trump two days later on December 22. The legislation slashes the top corporate tax rate to 21%, lowers the top marginal rate for individual taxpayers to 37%, eliminates or scales back several popular deductions, reduces taxes on business income earned by pass-through businesses, doubles the estate tax exemption, and substantially enhances immediate expensing of capital investments. The legislation is expected to add around $1.5 trillion to the Federal deficit over 10 years, before accounting for any economic growth. Under the Senate’s budget reconciliation rules, the final bill could be approved by …