Have you heard the phrases retirement income, cash-flow investing or creating a retirement paycheck? These types of phrases are buzzing in the investing industry. There has been a shift from buying and holding stock to buying investments that can generate income for your portfolio.
How Too Much Information Can Make You a Worse Investor
In the modern digital era we have access to up to the minute information 24 hours a day, seven days a week. Everything from stock quotes, news reports, sports scores, to weather half way around the world can be accessed in a matter of seconds from your smart phone. Information is a great tool, but in today’s digital era, too much data can also be impeding.
Is the Snider Method Right for You?
Deciding how you will use your retirement portfolio to create sustainable income when you are no longer willing or able to work is one the most important financial decisions you’ll ever make. But it is certainly not the easiest. At Snider Advisors, we are clearly biased, but we believe the Snider Investment Method® addresses the need for producing retirement income like no other investment approach, to date, has.
401k Funds: What’s the Difference?
If you have set up a 401k plan with your employer, you will notice that you cannot invest in everything available in the stock market. Typically you can only pick from a select list and allocate 100% of the contributions among them. The selections are limited because the 401k plan goes through an administrator, and each plan has a different list of investment vehicles available to the plan participants. To some, looking at the list and figuring out which funds to pick may seem as clueless as finding a light switch in a foreign room. By the end of this article, aligning its contents with your own financial situation will allow you to navigate the room as if it were your own.
You Lack BASIC Financial Knowledge
Thanks to the Dodd-Frank Act, the U.S. Securities and Exchange Commission (SEC) conducted a study of the existing level of financial literacy of retail investors. To no surprise to us at Snider Advisors, the study found most investors have “a weak grasp of elementary financial concepts.” This is the biggest reason we made financial education a critical component to our approach to investing. (If you are interested in the full report, you can find the 200+ page document here.)
