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Today’s letter bag is full of questions about best places to save and invest emergency funds, down-payments and other big-time purchases.
We also tackle questions about dividend paying stocks and what to look out for when choosing to work with a financial advisor.
Matt asks if buying and holding dividend paying stocks with good track records is a good strategy for a portion of his portfolio.
Drew expects some big life events (marriage, first child and buying a house) in a year or so. He is almost out of consumer debt and is saving for retirement. What is the best way for him to save for these expected life events?
Derick has $110,000 left on his $200,000 house. He also has $100,000 plus investing in mutual funds. Derick anticipates needing a larger home due to his growing family. What should he do to prepare for the future?
Aman is also asking about where to put savings, specifically his emergency fund. Do you invest it in something like a Betterment ETF?
Arthur and his fiancé are maxing out their 401(k) plans, but they are looking to save money for a house. Should they put their savings in a money market account or index or similar type of tax-advantaged account?
Jackie wants to know the advantages and disadvantages of the different payment methods of financial advisors. What situations might one type of advisor be better than another (Fee-only vs commission based)?
Today’s episode is sponsored by BUZZ Index
Resources mentioned in this episode include:
FINRA’s Broker Check
Linda’s episode about Asset Allocation in a Low Yield World
Linda P. Jones | Be Wealthy and Smart
Joe Saul-Sehy | Stacking Benjamins
Miranda Marquit | Planting Money Seeds
For a quick bio of each of our show participants, head on over to our panelists page.
Send us your questions for a future Listener Letters episode
About our sponsor, BUZZ Index
Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments and blogs are analyzed each month!
Here’s how it works:. First, BUZZ targets the most mentioned large cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.
Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.
Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.