Wordwide magazine
Prasit Photo | moment | Getty Images Your investment ego could cost you big bucks. The “overconfidence bias” is the behavioral principle of overestimating one’s abilities, including financial acumen. And while confidence isn’t a bad thing, it can have harmful results—if you don’t have the chops to back it up. “It should come as no … Read more
domoyega | E + | Getty Images When it comes to money, what you don’t know can hurt you. A report from the National Council of Financial Educators showed that 38% of individuals in a recent survey said their lack of financial literacy cost them at least $500 in 2022, including 15% who said it … Read more
Here are the top stories investors need to start their trading day: 1. The January march is losing steam Just like many New Year’s resolutions, the January stock market rally faded after only a few weeks. The three major indices are heading for a losing week, while the Dow Jones turned negative for the new … Read more
In general, the higher your credit score, the better when it comes to getting a loan. FICO scores, the most common scoring form, range from 300 to 850. A “good” score is generally above 670, a “very good” score is over 740 and anything above 800 is considered “exceptional.” Once you reach that 800 threshold, … Read more
By most measures, the new year is off to a good start. However, economists and business leaders alike anticipate that there are more challenging times ahead for the market and the economy. Year-to-date, the S&P 500 and Dow Jones Industrial Average are up about 4% and more than 2%, respectively, while the Nasdaq Composite is … Read more
People Pictures | iStock | Getty Images Whether or not you leave your job by choice, don’t forget about your 401(k) plan. With workers continuing to leave their jobs at a high rate and some companies embarking on layoffs — including Amazon, Salesforce, and Goldman Sachs — there’s a good chance that some of the … Read more
Hilary Cladky | moment | Getty Images Before looking forward to 2023, we should take a moment to think about 2022. The following quote from Jason Zweig of The Wall Street Journal sums up this very difficult year for investors: “Investing is not a test of intelligence; it is a test of character.” In fact, … Read more
Storty | E + | Getty Images Whether you have access to a retirement plan through work increasingly depends, at least in part, on where you live. Over the past decade, 16 state legislatures have adopted retirement savings programs that target workers whose employers do not offer a 401(k) plan or a similar option. Some … Read more
Look back at the best-performing stocks in a given year, and you’ll likely see a mixed bag: some mainstays, some breakouts and maybe even a meme stock or two. Not so in 2022. Each of the 10 best-performing stocks in the S&P 500 belongs to the same sector: energy. In a year when every other … Read more
With the cost of living rising, many adults are turning to a familiar safety net: mom and dad. Nearly a third of millennials and Gen Zers, over the age of 18, get financial support from their parents, according to a new survey by personal finance website Credit Karma. The site surveyed more than 1,000 adults … Read more
