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The stock market had quite the November — the best month of 2023. The stock market is inherently unpredictable, and past performance does not always indicate future results. Consider rebalancingAs the stock market surges, some of your investments have grown significantly, potentially skewing your portfolio's balance. The stock market's upward trajectory can create a false sense of security, as profits seem endless. Keep a cash cushionWhile investing in the stock market is a great way to build wealth, it's equally important to maintain an emergency fund.

Persons: —, It's, Read, you'll Organizations: Service, Nasdaq, SoFi

SoFi will no longer be offering crypto trading services starting on December 19, 2023. Account Minimum $0 ($1 for fractional shares; $2,000 for margin trading) Fees 0% ($5/month for Robinhood Gold) Pros Check mark icon A check mark. Buy, sell, or store more than 170 cryptocurrencies like bitcoin and dogecoinCheck mark icon A check mark. Limited staking options Insider’s Take Coinbase is one of the best investment platforms for crypto trading, staking rewards, and crypto storage. The crypto trading app has 24/7 customer support, zero trading fees, learning rewards features, and an online storage wallet.

Persons: SoFi, eToro, Jeremy Zafiros, you'll Organizations: SoFi, Robinhood, Coinbase, Pro, USA, eToro USA, Smart, eToro Trading, eToro, Visa, Mastercard Locations: Blockchain.com, USA, New York , Minnesota , Nevada , Puerto Rico , Tennessee, Hawaii, Guam, American Samoa , Northern Marianas, There's, New York , Nevada , Puerto Rico, American Samoa, Virgin Islands, Abra

☆ My retirement savings have grown for 4 years straight thanks to a foolproof investing strategy I learned from 'Millionaire Teacher'
▼ + stars: | 2023-11-17 | by ( Alexis Rhiannon | Stephanie Hallett | Read More | ) www.businessinsider.com time to read: +7 min

I followed Hallam's advice and invested in index and bond funds, and my portfolio has grown consistently for four years. I keep a ratio of 70% stock funds and 30% bond funds, with an even split between international and domestic stocks. If stock market index funds are unsexy, then bonds are flat-out frumpy. Dips in the stock market. In a wildly volatile year, when the stock market is moving by 20% or more, you could absolutely get in more frequently to try to rebalance your ratios.

Persons: Andrew Hallam, —, I've, Andrew Hallam's, I'd, Hallam, they're, That's, Read, it's, Get Organizations: Service, SoFi, SEC Locations: foolproof, Hallam

Now she shares her wealth-building tips with other Black women. One of her coworkers was a "Tesla bull," an investor who believes in Tesla's aggressive growth in the future, who kept pushing her to buy Tesla shares. Now she's teaching Black women everything she knows about the stock market by starting a community called Modern Blk Girl (MBG). James believes that the stock market was designed to seem "scary or unattainable," especially for Black women and people of color. "It's motivating, having a big-sister, little-sister moment where Black women who have been trading for a while can mentor younger investors," shares James.

Persons: Tiffany James, —, James, we're, Read, Black creatives Organizations: Service, CNBC, Financial, Tesla Locations: New York City, Tesla

For Drock, a lobbyist who lives in Washington, DC, and his wife, the road to a $1 million net worth by 35 was littered with trade-offs. Drock told Insider there are three lifestyle tradeoffs that have had an outsized impact on his and his wife's ability to build wealth. "When I first asked her to consider moving, she literally cried," Drock wrote in a blog post. It turned out to be a "key decision for our financial life," he said. Their combined income stands at $300,000 a year, "which still seems surreal to me," Drock wrote on his blog.

Persons: Drock, Drock's, Read, they've, we've Locations: Washington ,, Mint, Europe

The stock market can seem like a scary places. We reached out to financial advisors to find out their thoughts on storing cash in savings instead of investing, and here's what they said. Villar uses the example of CD rates from a year ago, which were around 3.5% for a 48-month CD. In the meantime, some investment gains in the stock market could have more favorable tax treatment. Further, consumers can use high-yield savings accounts and CDs as part of their investment strategy to hold their emergency funds, short-term savings and risk-free investments.

Persons: Jeff Rose, Mike Villar, Villar, John Grace, Walter Russell of Russell, Russell, Read Organizations: Investor's, Corporation, Walter Russell of Russell & Company

☆ Investors still see blue sky ahead for Europe travel stocks as boom abates
▼ + stars: | 2023-07-31 | by ( Danilo Masoni | ) www.reuters.com time to read: +4 min

"For many people, the pandemic is now over, and this is time now for travelling far from home," said Corinne Martin, fund manager at Ofi Invest in Paris. The point at which China announced the end of health restrictions in 2022 was probably the best moment to jump into travel stocks. They remain buyers, noting how at 11 times 2024 earnings, the stock displays an unjustified discount and prices no growth. "Now, vacation budget is no more a variable families adjust," said Jerome Schupp, fund manager at Prime Partners in Geneva. European travel and leisure earnings are seen rising 63% this year and 23% in 2024, according to Refinitiv Datastream.

Persons: Corinne Martin, Ofi's Martin, Martin, Goldman Sachs, Jerome Schupp, Schupp, Cristina Matti, Andrea Scauri, Lastminute, Refinitiv, Lucy Raitano, Conor Humphries Organizations: MILAN, Ofi Invest, Paris . Airlines, Royce, World Tourism Organization, China, Traders, Paris Olympics, UEFA European Football, Ryanair, Europe's, Prime Partners, Visa, Air, Thomson Locations: Paris, Europe, Germany, Geneva, Air France, Lemanik, London

The Best 2% Cash Back Credit Cards of April 2023In terms of versatility, cash back is the most flexible credit card reward. View Full Details $0 Annual Fee Apply now On Wells Fargo's websiteWells Fargo Active Cash® Card Apply now On Wells Fargo's website Best all-around 2% cash rewards credit card Details Rewards Earn unlimited 2% cash rewards on purchases. Best All-around 2% Cash Rewards Credit CardThe Wells Fargo Active Cash® Card has no annual fee and earns a flat 2% cash rewards on purchases. Wells Fargo Active Cash card reviewBest 2% Cash Back Card for Balance TransfersLong considered the best cash back credit card, the Citi® Double Cash Card still holds its own despite new offerings from other issuers. How to Choose a 2% Cash Back Credit Card2% cash back credit cards offer some of the simplest credit card rewards around, and they're great for people who don't want to deal with bonus categories, transferring points, or shuffling several cards to get the best return on spending.

The Best 2% Cash Back Credit Cards of March 2023In terms of versatility, cash back is the most flexible credit card reward. The Best 2% Cash Back Credit CardsBest all-around 2% cash rewards credit card Wells Fargo Active Cash® Card 4.3 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.3 out of 5 Stars Intro offer $200 cash rewards bonus after spending $1,000 in purchases in the first three months from account opening Rewards Earn unlimited 2% cash rewards on purchases. Best All-around 2% Cash Rewards Credit CardThe Wells Fargo Active Cash® Card has no annual fee and earns a flat 2% cash rewards on purchases. Wells Fargo Active Cash card reviewBest 2% Cash Back Card for Balance TransfersLong considered the best cash back credit card, the Citi® Double Cash Card still holds its own despite new offerings from other issuers. How to Choose a 2% Cash Back Credit Card2% cash back credit cards offer some of the simplest credit card rewards around, and they're great for people who don't want to deal with bonus categories, transferring points, or shuffling several cards to get the best return on spending.

Add to that mix the classic 60/40 portfolio model — a standard investing benchmark — that helps investors achieve that last point. Below, CNBC Select spoke to two financial professionals about how novices can put a 60/40 portfolio strategy in action. Once you're ready to invest, here are four simple ways to start putting money into a 60/40 portfolio. Vanguard Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. Wealthfront Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected.

Thousands of no-transaction-fee mutual funds and fee-free mutual funds Check mark icon A check mark. Pros Check mark icon A check mark. Thousands of no-load mutual funds and 50+ Schwab-managed funds; fractional shares (Stock slices) available Check mark icon A check mark. Free stock, option, ETF, and cryptocurrency trades; 1.5% APY on uninvested cash for non-Gold users and 3% for Gold members Check mark icon A check mark. Competitive mobile and online offerings for digital investors and traders Check mark icon A check mark.

While stock market holidays also apply to the bond market, the bond market's early closures differ. We've included a list of holidays that the stock market and bond market are closed, as well as a list of days each market has early closures. Editor's Rating 3.9/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.65/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.34/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Acorns' website Learn more On SoFi's website Learn more On Wealthfront's websiteIs the stock market open on Martin Luther King, Jr. Day? ET) May 26, 2023 Memorial Day May 29, 2023 Juneteenth Holiday June 19, 2023 Day before Independence Day (closes at 2 p.m. ET) July 3, 2023 Independence Day July 4, 2023 Labor Day September 4, 2023 Indigenous Peoples' Day/Columbus Day October 9, 2023 Veterans Day November 10, 2023 Thanksgiving Day November 23, 2023 Black Friday (closes at 2 p.m.

Tax-loss harvesting, portfolio lines of credit, 529 college savings plans available Check mark icon A check mark. Competitive mobile and online offerings for digital investors and traders Check mark icon A check mark. Access to Certified Financial Planners at no additional charge Check mark icon A check mark. Low-cost, hands-off investment account that combines automated features with management from a team of human investment professionals Check mark icon A check mark. We compared nearly two dozen brokerages, placing heavy weighting on their advisory and trading fees, investment philosophy, investment options, and types of accounts available.

Financial planner Michael Garry opened his firm in 2006 and helped clients through the Great Recession. With a possible recession on the horizon, he advises sticking to your plan and investing more if you can. For those who lived through the Great Recession of 2007 to 2009, the prospect of another downturn is unsettling. Stick with your plan"If you have a plan, stick with your plan," Garry says. Editor's Rating 3.9/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.65/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.34/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Acorns' website Learn more On SoFi's website Learn more On Wealthfront's websiteAvoid get-rich-quick investmentsEconomic uncertainty can make us susceptible to investments that promise fast returns, but traditional investments remain your best bet.

No minimums; commission-free trading on stocks, ETFs, and options Check mark icon A check mark. Thousands of no-load mutual funds and 50+ Schwab-managed funds; fractional shares (Stock slices) available Check mark icon A check mark. Free stock, option, ETF, and cryptocurrency trades; 1.5% APY on uninvested cash Check mark icon A check mark. Competitive mobile and online offerings for digital investors and traders Check mark icon A check mark. International trading opportunities Check mark icon A check mark.

While stock market holidays also apply to the bond market, the bond market's early closures differ. We've included a list of holidays that the stock market and bond market are closed, as well as a list of days each market has early closures. Editor's Rating 4.2/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.65/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.11/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Wealthfront's website Learn more On SoFi's website Learn more On Acorns' websiteIs the stock market open on Diwali? ET) May 29, 2022 Memorial Day May 30, 2022 Juneteenth Holiday June 30, 2022 Day before Independence Day (closes at 2 p.m. ET) July 3, 2022 Independence Day July 4, 2022 Labor Day September 5, 2022 Indigenous Peoples' Day/Columbus Day October 10, 2022 Veterans Day November 11, 2022 Day before Thanksgiving Day (closes at 2 p.m.

☆ How to invest in communications stocks, a sector that's huge, highly diversified, and growing — offering something for almost every type of investor
▼ + stars: | 2022-09-21 | by ( Amy Fontinelle | Read More | Read Less | ) www.businessinsider.com time to read: +12 min

Here's what you should know about how to invest in communications stocks, what the risks are, and what rewards you might anticipate. Companies in the media, entertainment, interactive gaming, information creation, and information distribution businesses also belong to the communications sector. Basically, it expanded the existing telecommunications sector to become a broader communications services sector. The advantages of communications stocksThere are a variety of reasons for investors to consider communications companies. And the COVID-19 lifestyle shifts might make us permanently more reliant on communications companies, even once the pandemic is behind us.

Pros Check mark icon A check mark. No account or trading fees, and low fees to own funds Check mark icon A check mark. Access to Certified Financial Planners at no additional charge Check mark icon A check mark. Want a low-cost, hands-off investment account that combines automated features with management from a team of human investment professionals Check mark icon A check mark. Free stock, option, ETF, and cryptocurrency trades; 1.5% APY on uninvested cash Check mark icon A check mark.

But I ignored her advice to invest in market index funds, worried about losing my money in a volatile market. While she recommends investing mostly in market index funds, I veered toward safer, more conservative options. Like Orman, he recommended several market index funds, and further nudged me toward even more aggressive growth funds. However, if I had instead listened to Suze Orman and invested in a market index fund, like Schwab's S&P 500 Index Fund (SWPPX) or the Schwab Total Stock Market Index Fund (SWTSX), that $20,000 would have grown to nearly $70,000 — that's a swing of almost $40,000. My refusal to accept a reasonable amount of risk limited my downside, preserving my annual Roth IRA contributions.

Persons: Suze Orman's, —, Orman, Schwab, Janus Henderson, Roth, Suze Orman, I'd, bitcoin Organizations: Service, Young, Dow, & Napier, Schwab, Market Index, Shelton Nasdaq Locations: that's, Michigan, Seattle

I have a high-deductible health plan and use a health savings account to pay for medical costs, but I missed out on using the account to save for retirement. You probably think about your workplace 401(k), and maybe you even consider an Individual Retirement Account. It's called a health savings account, or HSA for short. What is a health savings account (HSA)? AdvertisementDon't get me wrong, using your HSA to pay for medical bills is better than not using an HSA at all.

Persons: —, It's Organizations: IRS, Service Locations: HSAs

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