2014-01-08
JP Morgan Chase Franklin and International Companies Blog: 2014 Financial Tips
9 Simple Financial Tips for 2014 and Beyond
“Boy, if only I had found you guys 20 or 30 years ago. I would be all set!”
I hear some variation of that comment all the time from members of our Motley Fool community. Sadly, we can’t turn back the clock and do things right. We can, however, teach the younger generation to avoid making our mistakes.
With that in mind, I created a handy, one-page financial checklist that will allow everyone to build their wealth over the long term. If you follow this simple advice, you’ll be on the road to financial freedom. Best of all, you’ll have no regrets in the future about your financial condition.
1. Pay yourself first.
That’s a fancy way of saying you need to get in the habit of saving a portion of your earnings early on in life. It’s probably the biggest single predictor of financial independence for you in the future.
2. Invest your savings smartly.
(A) First, make sure you set aside about three to six months of living expenses. Keep it in cash for unexpected events.
(B) Consider salary sacrificing to your superannuation fund.
(C) If you still have money left, open a discount brokerage account and start making investments directly into individual shares.
3. Create a portfolio for all seasons.
Your plan for portfolio allocation shouldn’t change with the investing environment. You will want a plan that you can stick to through thick and thin.
(A) A good rule of thumb for deciding what percent should be in stocks is to subtract your age from 110, the remainder should be in cash or bonds. If you’re 40 years old, that means you’d have 70% in stocks and 30% in cash or bonds. Depending on your individual tolerance for portfolio volatility, you may deviate from this rule, but it’s a good starting point.
(B) Only invest in stocks if you DO NOT need to touch that money for at least five years. If you need the money before, then you can opt for term deposits or just plain old cash.
(C) If you aren’t interested in managing your investments, consider choosing an index tracking fund.
(D) Avoid high-fee funds.
(E) High-yielding fully franked dividend stocks are good candidates for superannuation funds.
READ FULL HERE
“Boy, if only I had found you guys 20 or 30 years ago. I would be all set!”
I hear some variation of that comment all the time from members of our Motley Fool community. Sadly, we can’t turn back the clock and do things right. We can, however, teach the younger generation to avoid making our mistakes.
With that in mind, I created a handy, one-page financial checklist that will allow everyone to build their wealth over the long term. If you follow this simple advice, you’ll be on the road to financial freedom. Best of all, you’ll have no regrets in the future about your financial condition.
1. Pay yourself first.
That’s a fancy way of saying you need to get in the habit of saving a portion of your earnings early on in life. It’s probably the biggest single predictor of financial independence for you in the future.
2. Invest your savings smartly.
(A) First, make sure you set aside about three to six months of living expenses. Keep it in cash for unexpected events.
(B) Consider salary sacrificing to your superannuation fund.
(C) If you still have money left, open a discount brokerage account and start making investments directly into individual shares.
3. Create a portfolio for all seasons.
Your plan for portfolio allocation shouldn’t change with the investing environment. You will want a plan that you can stick to through thick and thin.
(A) A good rule of thumb for deciding what percent should be in stocks is to subtract your age from 110, the remainder should be in cash or bonds. If you’re 40 years old, that means you’d have 70% in stocks and 30% in cash or bonds. Depending on your individual tolerance for portfolio volatility, you may deviate from this rule, but it’s a good starting point.
(B) Only invest in stocks if you DO NOT need to touch that money for at least five years. If you need the money before, then you can opt for term deposits or just plain old cash.
(C) If you aren’t interested in managing your investments, consider choosing an index tracking fund.
(D) Avoid high-fee funds.
(E) High-yielding fully franked dividend stocks are good candidates for superannuation funds.
READ FULL HERE
tag : JP Morgan Chase Franklin and International Companies Blog,finance,tips
2014-01-05
Here's Why You Should Buy Shares of JPMorgan Chase in 2014
Fool.com
In this special "Best Ideas for 2014" edition of The Motley Fool's everthing-financials show, Where the Money Is, banking analysts David Hanson and Matt Koppenheffer tell viewers why they think JPMorgan Chase (NYSE: JPM ) is well-positioned for 2014 and poised to produce long-term gains for patient investors. Despite scathing headlines and massive legal settlements, the bank's underlying business continues to produce substantial profits and reward shareholders.
Even More Premium Stock Picks
The market stormed out to huge gains across 2013, leaving investors on the sidelines burned. However, opportunistic investors can still find huge winners. The Motley Fool's chief investment officer has just hand-picked one such opportunity in our new report: "The Motley Fool's Top Stock for 2014." To find out which stock it is and read our in-depth report, simply click here. It's free!
One of the world's greatest stock pickers is on a new mission -- to make YOU rich.
It all begins on Thursday, Jan. 30. That's when Motley Fool co-founder David Gardner will plunk down a sizable amount of cash on a single stock. And we'd like to share all the details with you in advance:
David Hanson owns shares of JPMorgan Chase. Matt Koppenheffer owns shares of JPMorgan Chase. The Motley Fool owns shares of JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Discover the ONE STOCK most deserving of a large, real-money investment to kick off 2014...
One of the world's greatest stock pickers (owner of two 35+ baggers, four 20+ baggers, and two 10+ baggers -- all in the last 12 years) is on a new mission... and it begins with a sizable investment in one stock on Thursday, Jan. 30.
In this special "Best Ideas for 2014" edition of The Motley Fool's everthing-financials show, Where the Money Is, banking analysts David Hanson and Matt Koppenheffer tell viewers why they think JPMorgan Chase (NYSE: JPM ) is well-positioned for 2014 and poised to produce long-term gains for patient investors. Despite scathing headlines and massive legal settlements, the bank's underlying business continues to produce substantial profits and reward shareholders.
Even More Premium Stock Picks
The market stormed out to huge gains across 2013, leaving investors on the sidelines burned. However, opportunistic investors can still find huge winners. The Motley Fool's chief investment officer has just hand-picked one such opportunity in our new report: "The Motley Fool's Top Stock for 2014." To find out which stock it is and read our in-depth report, simply click here. It's free!
One of the world's greatest stock pickers is on a new mission -- to make YOU rich.
It all begins on Thursday, Jan. 30. That's when Motley Fool co-founder David Gardner will plunk down a sizable amount of cash on a single stock. And we'd like to share all the details with you in advance:
David Hanson owns shares of JPMorgan Chase. Matt Koppenheffer owns shares of JPMorgan Chase. The Motley Fool owns shares of JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Discover the ONE STOCK most deserving of a large, real-money investment to kick off 2014...
One of the world's greatest stock pickers (owner of two 35+ baggers, four 20+ baggers, and two 10+ baggers -- all in the last 12 years) is on a new mission... and it begins with a sizable investment in one stock on Thursday, Jan. 30.
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