The 2017 calendar year provided one of the most beneficial runs the stock market has endured in decades. It seemed like each new day brought a new record-high close. However, that wild ride upward had to meet an end at some point. There are a lot of reasons that markets can cool off, ranging from jarring events such as a singular, massive selloff to the geopolitical strife that riles the nerves of investors. In early 2018, the markets experienced a severe correction.
As the month of March comes to an end, the first quarter of 2018 is about to close down. While Quarter One of 2018 will be remembered for the correction the markets sustained in February, bringing to a brief end the impressive growth the markets saw through 2017, it will also be remembered as a volatile period. As an investor, it is important to remain engaged in your investments and constantly track progress and success. A lot can change in just three months, whether you realize it or not.
The 2008 financial crash in the United States wiped out trillions in wealth and value, both among homeowners and investors. The problem with market collapses and other issues, as The Balance notes, is that crises happen quickly, are unpredictable, and imminent signs of failure are usually difficult to see. It is less a question of will another crash happen, and more a situation of when the next crash will happen.
When children head off to college, they are leaving the nest for the first time. This is the first experience many will have with taking care of their own living needs, shopping for groceries and household goods, and also the first time many will encounter their own fiscal decisions. Once your child graduates from college, they are going to face numerous financial challenges. Helping them start a budget to keep track of their finances is the best tool you can give them. If you are unsure of where to start, here are some tips to help them setup a budget to follow.