Think about your personal financial goals. If you’re like most people, you are investing to generate income. Whether you need that income today or in the future, most people invest with the belief that doing so will provide, maintain, or improve their income. There are two common but very different approaches to this. Here, an expert analyzes these strategies.
Compared to gold, stocks provide superior protection against inflation over time. In times of heightened uncertainty and/or volatility, should you rebalance your portfolio to include gold as a hedge? No. As a general matter of portfolio construction, should you invest directly in gold or other commodities? Also no. Find out more.
Although loss aversion is part of our psychological wiring as human beings, the frequency of evaluations is a choice that investors can control. When you have a lump sum to invest, act by nightfall and put it to work immediately. Then, once it’s invested, think in decades, not days.
Naturally, many attorneys have been looking for alternative streams of income since the lockdown put the American economy in a vice grip, and one such stream is investing. But what are some investments an attorney can make that will specifically benefit them?
