In September 2017 a massive Equifax security breach became public knowledge. If there was a silver lining to this infamous event, it likely spurred more consumers to take more measures to protect their identities. Perhaps you’ve frozen your lines of credit, or you’re at least checking your credit reports more regularly these days. But what about your kids? As distasteful as the idea may be, child identity theft is a serious and growing concern, for several reasons.
Robo-advisors are less expensive than traditional advisors—but their low, up-front price comes with a loss in quality. Robo-advisors lack an irreplaceable human element, which prevents them from providing the essential qualities and services characteristic of traditional financial advisors.
As we touched on in our last piece, “Setting the Sustainable Stage,” degrees and kinds of “doing good” are often in the eye of the beholder. How do we measure something that is sometimes so subjective? In many ways it depends whether an investor is more value- or values-driven.
Have you considered the emotional aspects of retirement and how to plan wisely? In today’s world, people are working well past the age of 65 before retiring. Some people who are in good health may not be ready to retire just yet because they like what they do, want to keep busy, or need the extra money. If retirement is knocking on your door, you may want to start preparing yourself emotionally for it now, because preparation goes beyond making sure you have enough income.
If there’s one trait most of us share, it’s a desire to make the world a better place. No wonder there’s so much interest in sustainable investing. Who wouldn’t want to try to earn decent if not stellar returns, while contributing – or at least causing less harm – to the greater good? But what is the greater good? What is a decent return? How do we make it all happen?
It’s all too often we hear the words, “I should have started saving and investing earlier” or “if only someone told me to save for retirement sooner.” At Sensenig Capital Advisors, we are doing our part to help the next generation start on the right track.
Daniel Rieger is a student at Gettysburg College. He recently finished his freshman year and is planning on declaring a major in a program specific to Gettysburg known as Organization Management Study. Daniel’s interest in finance was sparked at a young age when he began investing with thoughtful guidance from his grandfather.
For investors, it can be easy to feel overwhelmed by the relentless stream of news about markets. Being bombarded with data and headlines presented as impactful to your financial well-being can evoke strong emotional responses from even the most experienced investors. While the events of the “lost decade” are now behind us, they can still serve as an important reminder for investors today.