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.

FINRA Rules Take Effect to Protect Seniors & Vulnerable Adults from Exploitation

Financial abuse of seniors is devastating to those who should be enjoying their golden years. A 2015 report by True Link Financial says seniors lose more than $36 billion a year to financial abuse, and the financial industry has been looking for ways to address the privacy and safety concerns of older investors. The Financial Industry Regulatory Authority, a self-governing private body, issued a rule to help that went into effect in early February. “The bottom line for this new rule is to install safeguards to either prevent potential financial exploitation or stop ongoing exploitation of impaired seniors,” says Clifford Caplan, a certified financial planner at Neponset Valley Financial Partners. With widespread reports of huge amounts of funds being siphoned off from unsuspecting investors’ accounts, FINRA has finally stepped in establish a mechanism and procedure to stop this abuse, he says. Here’s what you need to know about the new …


What is the VIX and What Does it Mean?

Often referred to as the “investor fear index,” the VIX is technically the ticker symbol for the Chicago Board Options Exchange Volatility Index, which shows the market’s expected volatility. First introduced in 1993, the VIX has evolved over the years and today it is a widely referenced measure of market risk – on a forward basis. That “forward basis” qualifier is important as it calculates future volatility and does not look backwards. A Calculated Index The VIX is calculated daily, similar to the S&P 500 Index. But whereas the S&P 500 Index is calculated based on the stock prices of 500 companies (technically there are 505 companies, but that’s another story altogether), the VIX uses the price of options on the S&P 500 and estimates how volatile those options will be between the current date and the option’s expiration date. Much like the individual stock prices of the 500 companies …