Manage Your Financial Life

Planning for Retirement

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When it comes to planning and saving for retirement, you must be consistent, disciplined, and use reasonable, realistic assumptions for investment returns.  Explore the blog articles below for helpful advice during this stage of life.

Financial Advice Book Recommended for Those Approaching Retirement

Analyze Finances

Manage Your Financial Life is recommended as one of three books that are ideal for those approaching retirement – along with works by Jane Bryant Quinn and Barbara Bradley Hagerty. Ms. Kidd Stewart highlights the comprehensive approach outlined in the book. See the full review below. The Journey: Books for retirees or those getting close If you actually care about someone who has recently retired or is getting close, consider giving a book. A virtual stroll through Amazon’s retirement gifts section brings up a bevy of tchotchkes, from the “officially retired” tiara to the “I’m retired you’re not” T-shirt. But if you actually care about someone who has recently retired or is getting close, consider giving a book this holiday season that can help them stretch their nest egg, organise their financial life or contemplate the biggest unknown of all: How to find passion and purpose for the literal and…

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Demystifying – Bullish or Bearish

Educate Yourself

The terms bullish and bearish are used to describe an outlook for financial markets. A bull thrusts his horns up when he does battle. A bear swings his or her arms down when he or she fights. If you are bullish, you think that the market will rise. The term bull market is often used to describe a continuous period of rising values. If you are bearish, you think that the market will decline. A correction is often used to describe a decline of 10 percent or more in the market. Some investors refer to a decline of more than 20 percent as a bear market.

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Fundamental Concepts

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These fundamental concepts will provide a foundation for understanding investments, markets, and investment strategies. Supply and Demand The value of an item depends not on what you paid for it, but on what someone else would be willing to pay for it today. What someone is willing to pay is related to supply and demand. For example, if there is a fixed supply of something, and the demand for it increases, then the price will increase. If demand for something remains constant, and there is an increase in supply, the price will decrease. Yield, Total Return, and Compounding For any asset, yield is the income earned (interest or dividends) divided by the price of the asset, such as a bond or a share of stock. Price and yield move in opposite directions. If a $100 bond earns 5 percent interest, it earns $5 on a $100 asset, or $5 divided…

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Read the Wall Street Journal

Educate Yourself

A woman in my community received an MBA from the same school that I attended. She graduated with distinction thirty years before me, one of only six women in her class. (My business school class was 25% women.) She has had a successful career and has made a point of advising younger women to read the front page of the Wall Street Journal every day. It is important to keep up with national and world events, but also to be informed about the most important business and financial news of the day.

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