Welcome to the weekly roundup where I share with you interesting articles from across the web. I hope you enjoy and absolutely feel free to share and pass along.
Hello everyone and welcome to another edition of the NextGen Wealth Weekly Roundup. Hope you’re having a great week!
The stock market reached all-time highs again this week but has recently backed off a little bit the last few days. Regardless, 2019 is off to a very solid start especially after the rough 4th quarter we had to end 2018.
This is a big weekend if you’re into horseracing with the first (and by far biggest) leg of the Triple Crown happening at Churchhill Downs on Saturday. While I’m not a huge fan of horseracing, I always enjoy the buildup of the Kentucky Derby. Best of luck picking the winner!
So enough of my commentary, let’s jump in and check out some of the best articles I ran across from the past week. Enjoy the weekend and find some time to relax.
First up, we turn to Marc over at the Vital Dollar on why it typically doesn’t make a lot of sense to follow the crowd when it comes to financial matters. As sad as this statement is, it is true. With the lack of financial education in this country, most people just aren’t very good at handling their personal finances. Check this one out to learn what not to do.7 Important Ways You Should Not Follow the Crowd Financially
Next up, we turn to Meghan over at Family Finance Mom on some questions you should ask a financial advisor before hiring them. Being a Certified Financial PlannerⓇ, I couldn’t agree more with these questions. They are spot on. Even if you are already working with a financial advisor, I would be asking them these questions as well.10 Questions To Ask A Financial Advisor Before Hiring One
Next up, we turn to Kyle over at The Saving Scientist on how to set mini-goals to help you get to financial freedom. Let’s face it, achieving financial freedom can be pretty overwhelming. However, setting mini-goals can feel much more achievable. And, just like any big goal you’re trying to accomplish, it’s really just a bunch of mini-goals that you need to complete in order to accomplish your big goal. A great piece that makes financial freedom seem much more doable.The Goal Snowball: How Setting Mini-Goals Can Help You Reach Financial Freedom
In our final read of the week, we turn to Michael over at The Irrevelvant Investor on how investment concentration affects portfolio performance. Diversification is great, but there’s a point where over-diversification can have a negative impact. Certainly investment concentration can add more volatility in the short-term, but it can also add more return in the long-run...just ask any successful small business owner.How Concentration Affects Portfolio Performance - The Irrelevant Investor
Planning for the future often takes a backseat to today's problems. Most people want to know their families are protected financially in case something happens to them. This is where having life insurance can make a big difference. However, there is conflicting information out there when it comes to getting a life insurance policy.
Enjoy the weekend and spend time with family and friends. Take a break from work and give your mind some well-deserved rest from the long week. Cherish the time you have with your family and I guarantee it will make your life much happier!
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