How should you respond to market ‘correction’?

As an investor, you may be gaining familiarity with the term “market correction.” But what does it mean? And, more importantly, what does it mean to you?
A correction occurs when a key index — such as the S&P 500 — declines at least 10 percent from its previous high. A correction, by definition, is short-term in nature and has historically happened fairly regularly – about once a year. However, over the past several years, we’ve experienced fewer corrections, so when we have one now, it seems particularly jarring to investors.

Watch for changes to FAFSA

If you have a child in college, you’re probably familiar with the Free Application for Federal Student Aid, which must be completed to help ensure that students don’t miss out on federal and state grants, work-study jobs and loans. But you might not know that some important changes will be coming to the FAFSA during 2016 – and these changes can affect both the process of filing for aid, and, possibly, the amount of aid your child will receive.
Three key changes to watch for:

Think about sending financial valentines to loved ones

Americans spent nearly $19 billion in Valentine’s Day gifts last year, according to the National Retail Federation. Much of this money went for gifts with short shelf lives, such as candy, flowers and restaurant meals (and about $700 million was spent on gifts for pets). There’s certainly nothing wrong with giving chocolates or roses. But this year, think about going beyond the classic gifts. Instead, use Valentine’s Day as an opportunity to determine how you can make gifts with long-lasting impact to your circle of loved ones.
Here are some suggestions:

Are you prepared for financial disasters?

“Be prepared” is the Scout motto, and it’s also pretty good advice for anyone seeking to guard against various disasters – including financial ones.
Here are some events that can have serious financial consequences, along with suggestions on preparing yourself:

Put your financial ‘puzzle’ together

Jan. 29 is National Puzzle Day, with puzzle celebrations and events taking place at museums, libraries and other venues across the country. Why this date was chosen – or why National Puzzle Day even exists – is something of a mystery. But as an investor, you can find value in the concept of a puzzle – specifically, in putting together the pieces of your financial puzzle.

What expenses will you incur when investing?

You invest so that you can achieve a variety of goals, such as a secure retirement. It’s inevitable, though, that you will incur some costs when investing, ranging from payments to a financial professional to costs of educational materials. So it’s a good idea to familiarize yourself with these expenses.
If you work with a financial professional – and you should, because the investment world is complex – you will need to compensate this individual for his or her expertise and guidance. Financial advisors get paid in different ways, including the following methods:

Will the presidential election affect investment outlook?

by Edward Jones Matthew North Financial Advisor We’re just a few weeks away from the first caucuses and primaries, so presidential election season is in full swing. As a voter, you may be keenly interested in the election process. But as an investor, should you be concerned? If you take a look back, you might […]

What to look for from a financial advisor

by Edward Jones Matthew North Financial Advisor The countdown to 2016 has just about begun. If you’re like many people, you might be mulling over some New Year’s resolutions, such as hitting the gym more, learning a new language or taking a cooking class. All are worthy goals, but why not add some financial resolutions […]

Time for some New Year’s (financial) resolutions

by Edward Jones Matthew North Financial Advisor The countdown to 2016 has just about begun. If you’re like many people, you might be mulling over some New Year’s resolutions, such as hitting the gym more, learning a new language or taking a cooking class. All are worthy goals, but why not add some financial resolutions […]

What to look for from a financial advisor

by Edward Jones Matthew North Financial Advisor There’s a lot to know about investing, so it’s a good idea to get some professional help. But with so many financial advisors out there, how can you choose one that’s right for you? You may have to interview several prospective financial advisors before deciding on one. When […]

Like us on Facebook