As the saying goes, there are two certainties in life: death and taxes. On the former, there is not much you can do to make the experience more enjoyable than live a good life. As far as the latter is concerned, the process is rarely painful unless you find your return under audit by the IRS. The Tax Foundation notes that the IRS audited the returns of some 1.2 million American households in 2015, but that does not necessarily mean you are likely to face an audit yourself.
Investing in the stock market can be a nerve-wracking experience, to say the least. The US markets have been some of the most successful and powerful in the last century of human history, but the markets are never sunny every day. There are downs to correct the ups, and even when the markets seem invincible, downturns are lurking just around the corner. After all, the Dow Jones Industrial Average alone had a remarkable year in 2017, setting one record close number after another.
With the ghosts of the 2008 financial crisis hidden away for the time being, markets around the globe are beginning to show some positive signs. In 2017, the Dow Jones Industrial Average in the United States set 70 record close marks, surpassing the previous record from 1995. A few weeks in to 2018, and the Dow has surpassed the 26,000 mark with an eye on continued growth beyond that mark. Around the globe, there are other good signs looming for investors who have been wary in previous years.
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 you visit your doctor, you go through several tests to determine your health. You step on scales to measure your weight, have the doctor listen to your heart rate, and find out your cholesterol, body mass index, and a variety of other important indicators of your health. Most Americans know these measures of their physical health, but do you know how to grade your financial health? NerdWallet has a survey you can take to judge your financial health, but may not help you gain great insight on your finances.
The 2017 calendar year has come to an end and it has been quite the rollercoaster ride. The economy, globally and in the US, has been up and down. With hopes of President Trump rolling back restrictions on the American economy, many businesses started spending, hiring, and investing capital. Additionally, the rough 2017 hurricane season dented the economy and slowed it down as major cities went into recovery mode. With these factors in mind, what is the outlook for the economy in 2018?
US GDP Growth Will Rise
Everyone knows someone who spends a lot of their time on the road for work. Frequent fliers and road warriors play an important role in most companies, making personal connections between employers and employees/clients that just cannot be replicated with a video conference on Go-to-Meeting or Skype. For those who ply their trade on the road, life can be difficult at times. Here are some high-tech gift ideas for the holiday season that are ideally suited for the business traveler in your life.
Luggage Tracking Device
The year might be coming to an end, but many American households are seeing a significant uptick in activity and even spending. With Thanksgiving dinners to host, Christmas presents to wrap, and a festive party or two to throw, your finances can quickly balloon out of control during the last two months of the year. If you want to stay in control of your finances this holiday season, consider looking through this financial checklist to help stay on track.
Look Under the Microscope
The end of the year brings about the holiday season, when most people are in the mood for giving. Gifts for family, opening your home to friends and family for meals together; gift giving is on everyone's mind come the end of the year. Many nonprofits view the holidays as the "Giving Season." The National Center for Charitable Statistics found that as of 2012, 50.5% of organizations receive the majority of their contributions in the period extending from October to December.
When the holiday season rolls around, it is time to make plans with friends and family to get together and celebrate. Part of that celebration entails spending some of your hard-earned money on meaningful gifts for those you love. However, for many people the holidays become a stressful period where paychecks are stretched to the max and the credit card sometimes accrues debt. Want to enjoy a holiday where you do not break the bank? Here are a few tips to help!
Shop with a Budget