DIRS.INFO The most relevant business & tech news

I wanted to find ways to reduce the amount of time I'm spending looking over my finances and moving money around. Pros Check mark icon A check mark. No account minimum or management fees to invest Check mark icon A check mark. Goal planning and automatic portfolio rebalancing Check mark icon A check mark. Range of other account options across SoFi website Check mark icon A check mark.

Persons: I've, autopayments, —, I'm, there's, stow Organizations: Service, Reading Chevron

☆ An ex-Wall Street trader-turned financial literacy coach shares the 3 investing strategies that helped her become a millionaire at 27 — and breaks down the 5-step method she used to achieve financial
▼ + stars: | 2022-02-26 | by ( Vicky Ge Huang | ) www.businessinsider.com time to read: +7 min

Vivian Tu, an ex-Wall Street trader, now works in tech and teaches financial literacy on TikTok. She shares her 5-step method and 3 investing strategies to achieve financial independence. Unable to break the lease without paying an $8,000 penalty, Tu watched her entire savings vanish from her bank account. "It made me realize that if people who work in finance don't understand personal finance, and if people who don't work in finance don't understand personal finance, who understands this stuff," she said. "I" is for investing, which refers to both investing in assets in a brokerage account and investing in hobbies and education.

High-yield savings accountsA regular savings account can have interest rates as low as 0.03%, while a high-yield savings account can yield up to 5% (although rates do fluctuate). Pros Check mark icon A check mark. Open accounts you might not be able access outside of SaveBetter Check mark icon A check mark. Pros Check mark icon A check mark. Great for those who want to invest in low-risk, short-term investments Check mark icon A check mark.

Persons: —, Shaan Patel, Hannah Whatley, you've, Patel Organizations: Service, OceanFirst, Mint, FDIC, Chevron, AIF, US Treasury, Treasury, Bond, SEC, Reading Chevron

☆ The smart investor's toolkit: 7 tips from personal finance professionals for building wealth through investing
▼ + stars: | 2020-09-28 | by ( Tanza Loudenback | ) www.businessinsider.com time to read: +12 min

The experts shared tips for developing an investment strategy, balancing risk within a portfolio, navigating market downturns, and more. We've turned their insights and advice into a toolkit of best practices for investors who want to build wealth wisely. AdvertisementBelow, we've turned their insights and advice into a toolkit for smart investors. AdvertisementReduce risk through diversificationThere's always going to be risk if you're investing in a financial market. Advertisement"It is possible, not probable, to beat the market," Matthews said.

Persons: Kevin Matthews, Kelly Lannan, Loudenback, We've, —, we've, Matthews, " Matthews, Lannan, there's, it's, isn't, Roth, haven't Organizations: Fidelity Investment's, Business Insider's, Service, IRA

Also called managed portfolios, most robo-advisors use an algorithm to match customers with professionally designed portfolios. Some robo-advisors include the option to discuss your investments with a human financial planner, which can put worries over computer-managed investment accounts to rest. Here are seven top reasons why you might pick a robo-advisor to help you save for retirement. You'll answer questions about your age, investment goals, risk tolerance, and other factors that the algorithm needs to pick your ideal investment portfolio. Robo-advisors generally cost less than traditional advisorsMany traditional financial advisors charge based on assets under management.

Persons: —, Michael Anderson, Charles Schwab, SoFi, Harry Markowitz, Anderson, it's Organizations: Service, Maranatha Financial, Investments

It might be a good idea to hire a retirement adviser if you're within 10 years of retiring. Above all, look for a retirement adviser who is a fiduciary. Retirement advisors have extensive knowledge of investment markets, workplace retirement plans, pensions, and Social Security. There are three main types of financial advisors:Traditional financial advisors: Advisors that can provide personalized advice and product recommendations based on a client's needs and goals. They are also dShould I Hire a Retirement Adviser?

AdvertisementThe online investment platform has created a tool that will be available to registered investment advisers, allying itself with Fidelity Institutional Wealth Services to promote and distribute the feature. The new product, called Betterment Institutional, allows a financial adviser to provide clients with a Betterment portfolio branded to their own practice, and then help manage that client's investments through the platform. He points out that Betterment Institutional should help advisers focus on their areas of expertise, while leaving the little stuff to Betterment. BettermentDavid Canter, executive vice president of practice management and consulting at Fidelity Institutional Wealth Services, has worked with Betterment on the launch. This article has been updated to clarify that Betterment Institutional will be available to financial advisers independent of Fidelity.

Persons: we've, Jon Stein, Stein, David Canter, they've, Canter, It's Organizations: Fidelity Institutional Wealth Services, Fidelity

Search resuls for: "Rebalancing"

7 mentions found