In January 2022, financial advisor Andrew Fincher was working with a couple who wanted to invest the six-figure proceeds they made from selling one of their parents’ houses. They were concerned that the market could plunge after they bought in. Fincher of VLP Financial Advisors in Vienna, Va., recommended that they dollar-cost average. Instead of investing
Many advisors are turning away from mutual funds in favor of exchange-traded funds and separately managed accounts to build client portfolios. But not Jeff Leonard, founder and managing partner of Leonard & Martens, a 25-year-old Anchorage, Alaska, practice under the Raymond James umbrella with $1.2 billion in assets under management. Leonard has tried SMAs and
One should properly diversify the portfolio, but over or under-diversification will not work. Reasonable diversification is important, says Mukesh Kochar, National Head of Wealth, AUM Capital. In an interview with MintGenie, Kochar said that investors must refrain from investing in a sole financial instrument or those of the same kind of instruments, as putting all
Every year, it seems, is a stockpicker’s market. But BofA Securities is upping the ante, saying 2024 could be a “stockpicker’s paradise.” One of the big questions for investors this year is whether we will see broader participation in the stock market, across most sectors, not just Big Tech. The so-called Magnificent Seven—a group of
Investors yanked a record $13 billion from U.S. sustainable funds in 2023, stung by mediocre performance and the continuing backlash against environmental, social, and governance investing. Last year was the worst calendar year for outflows since Morningstar started keeping track more than a decade ago. Steep outflows from one passive iShares ESG fund accounted for
2023 was an excellent year for investors. The Nifty 50 gave good returns of around 20% and mid and small-caps did even better. Gold sparked investors’ portfolios with around 13% returns. In 2024, with interest rates expected to go down, will debt funds take the crown? What is the outlook for gold and equities in
January isn’t just about resolutions; it’s a chance to plant the seeds for a prosperous year. You can make 2024 a year of smart financial decisions, which can be convenient and easy to implement. Most experts believe that the key to financial planning is diversification based on your risk profile as well as the duration
It’s busy season. Everyone worth their investing salt must come up with a forecast for 2024. The amazing thing is they do. Even though, by my guesstimate, 95% of them are proven to be wrong year after year. But who cares. It’s busy season. Everyone worth their investing salt must come up with a forecast