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1 month ago | 
moneywise.com | Jing Pan |Sigrid Forberg
‘Never buy a house’ Cardone’s suggestion is simple: “Never buy a house, rent where you live.” But that doesn’t mean he’s against real estate entirely. “I'm not saying don't own real estate,” he clarified. “I'm saying live in a house and pay rent. Take all the money that you would have spent on that house and invest in real estate that cash flows — that pays you every month.” So, what kind of real estate is he talking about?
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1 month ago | 
moneywise.com | Jing Pan |Sigrid Forberg
Beyond the tariffs Dalio didn’t offer specific investment advice in his post. But in a February interview with CNBC, he noted the importance of diversification — and pointed to the role of one time-tested asset. “People don't have, typically, an adequate amount of gold in their portfolio,” he said. “When bad times come, gold is a very effective diversifier.” Gold is considered a go-to safe haven.
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2 months ago | 
moneywise.com | Jing Pan |Sigrid Forberg
Buy gold bullion Harrison acknowledged that people are buying gold today because “it’s a hedge against inflation”. Unlike fiat currencies, gold can’t be printed at will by central banks, making it a time-tested store of value. One of the most direct ways to invest in gold is by purchasing physical bullion in bars or coins. These days, you don’t even have to go to a bullion shop — or wait in line at a pawn shop — to buy precious metals.
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2 months ago | 
money.ca | Chris Clark |Sigrid Forberg
Mental stimulation Picking up a side gig or part-time work during retirement is more than financially rewarding, it can also keep you socially engaged. Work provides plenty of opportunities for social interaction, either with customers or coworkers. It can also encourage a structured routine, helping to restore a sense of control and purpose.
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2 months ago | 
moneywise.com | Victoria Vesovski |Sigrid Forberg
Why you shouldn’t panic sell Watching the portfolio you’ve built for retirement fluctuate can be unsettling, especially when market downturns threaten the very assets you plan to rely on. However, reacting impulsively, selling and moving your money to the sidelines would not be the best course of action. It’s possible you would miss some of the biggest gains in the market when it eventually recovers. Timing the market is difficult even for the experts.
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2 months ago | 
msn.com | Sigrid Forberg
Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
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2 months ago | 
money.ca | Christy Bieber |Sigrid Forberg
Do the math on tapping into your home equity If you're fortunate, you may own your own home and, in a major city like Toronto or Vancouver, chances are the home is worth $1 million or more. In the current market, it' possible that your still paying down a mortgage. Let's assume the remaining mortgage is $600,000 mortgage at 3.25%, and your home is worth $1.5 million.
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2 months ago | 
moneywise.com | Maurie Backman |Sigrid Forberg
Invest in your retirement If you’ve inherited a large sum of money, one thing you could do is to put it into an investment portfolio that’s earmarked for retirement. A 2024 CNBC survey found that 40% of Americans are behind on retirement planning and savings, while 21% of current retirees have no savings at all to live on. You don’t want to rely on Social Security in retirement, because those benefits only replace 40% of your paycheck if you’re an average earner.
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2 months ago | 
money.ca | Christy Bieber |Sigrid Forberg
How will taking the new job impact your retirement savings? When you take a big pay cut, obviously you’re not going to be able to save as much for retirement as you would at your current job. However, with only four months left to go until you stop working, chances are good that you weren’t going to be adding much to your nest egg anyway. In fact, by delaying when you start drawing from your retirement accounts, you can end up in a much better place financially.
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2 months ago | 
moneywise.com | Vawn Himmelsbach |Sigrid Forberg
Reducing exposure to the Magnificent 7 The Magnificent 7 stocks include Alphabet (GOOG), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA) and Tesla (TSLA) The term is often used to reference this group of mega-cap technology stocks that supercharged the U.S. stock market’s gains in recent years. From March 31, 2020, to December 31, 2024, the Bloomberg Magnificent 7 Index returned 532% vs. 125% for the broad-based Russell 3000 Index.
