When you have excess cash flow and assets to invest, you can choose from a vast number of different types of investments, which can be a daunting task due to the number of options and, in many cases, their complexity. In addition to understanding how different investments work, it is essential for investors to know if they are suitable for their particular needs and risk tolerance.
Saving money versus paying off debt is an age-old quandary that has plagued people since the advent of consumer debt. Posing the question to a group of financial planners, the responses will usually be split, roughly, down the middle.
Most people would argue that living in a digital world, with instant access to an endless stream of information has made us smarter and more self-empowered than past generations. Investors believe that it has “leveled the playing field”, enabling them to make investment decisions based on the same information once only available to the investment pros.