Prudent Investors, Inc

Fed Chair Jerome Powell declares, "...the time has come for policy to adjust." Friday's FOMC meeting made it clear a rate cut is coming in September. So, how much will the Fed cut? Listen in to our latest episode where Jeremy Lau, CFA, CFP® recaps what went in to the decision to cut rates and what analysts expect will shape the Fed's target. Subscribe for weekly episode drops 👉 https://hubs.la/Q02MYm_s0

How can you tell if your financial advisor is doing a good job? As financial advisors, here are the five things we would do in your shoes. First, hypothetical performance can look impressive, so make sure they’re presenting you with actual returns and real numbers. Second, advisors sometimes pump their performance by focusing on gross return numbers. Make sure they’re showing you net returns since this is what you’re really earning after fees. Third, do they compare your return against a realistic benchmark with a similar level of risk? It’s easy to make yourself look good when compared to the wrong benchmark. Fourth, they should be proactively making adjustments to your portfolio based on changes in the market and your life circumstances. Last, do they communicate with you regularly? If not, they might not understand your goals and needs, and that’s a giant red flag. Remember, your financial advisor is not just someone who manages your investments; they are a trusted partner who plays a crucial role in helping you achieve your long-term financial goals. Let us help you navigate the complexities of personal finance. Schedule a highly valuable (and free) financial consultation ➡ https://lnkd.in/gJx8NdSX

Generation X, it's your time to shine 🌟 As America’s “middle child” generation, you're either nearing retirement or focused on building your nest egg. From bulking up savings to using financial apps, now’s the time to take charge of your financial future. Here are 5 essential tips to help guide you through this phase: 1️⃣ Bulk Up Savings 2️⃣ Use Financial Apps 3️⃣ Kick Start Education Planning 4️⃣ Be Mindful of Inflation 5️⃣ Review Your Estate Plan Read more on this invaluable financial tips: https://hubs.la/Q02MpP_90 #GenX #FinancialPlanning #RetirementGoals #InvestSmart

Before selecting a trustee or professional fiduciary for your or your family member’s special needs trust, it’s important to get clarity into all of your options. We outline the 4 necessary steps when searching for the right professional fiduciary for a special needs trust 🧩💛 https://hubs.la/Q02LgvXT0 #Fiduciary #SpecialNeedsTrust #SNT

Here are five AWESOME tips on saving money, even when the economy isn’t that great… Top of the list, automate your savings. My favorite place to start is just to set up automatic transfers from your checking to savings account each month. In your budget, that money is non-negotiable so you can save consistently without even thinking about it. Next, track your spending. Using an app likeYNAB is important because most of the time we don’t realize how much we’re spending in certain areas. Track so you can cut back where possible. Third, reduce unnecessary subscriptions. Again, by tracking expenses you’ll see just how many subscriptions you’re paying for but not really using. This can free up thousands of dollars each year. Don’t hate me, but cook at home. Eating out was always expensive, but now even fast food can easily cost 5x more than a home cooked meal. Last, take advantage of cashback and reward programs on your credit cards. Just make sure you’re paying off the balance each month. Schedule a highly valuable (and free) financial consultation ➡ https://lnkd.in/gJx8NdSX

Schedule a highly valuable (and free) financial consultation ➡ https://lnkd.in/gJx8NdSX Full video transcript below👇 If you’re a first time home buyer, here’s a hack to help you gain financial independence: Start by saving up for an FHA loan, this allows you to buy a home with less than 10% down so it’s easier to get into the market quickly. When interest rates drop, refinance your mortgage. Lower rates should boost demand and home prices, so this is a win-win as you’ll have more equity in your home for a refinance. When you refinance your FHA loan to a conventional loan, you’ll also eliminate Private Mortgage Insurance or PMI. This will lower your interest rate and reduce your monthly mortgage payments. And now that you have extra cash flow, start saving up for a down payment on your next home. Once you’ve saved enough, buy a new home and rent out your first. This allows you to avoid higher interest rates on investment property loans. Renters pay down your mortgage, and your rental income generally increases with inflation (while your mortgage stays fixed).

Do you prefer hands-on control 🤗 or peace of mind from expert advice ☮️ Dive into the benefits of professional expertise and the freedom of DIY investing. Learn how to make the best choice based on your financial goals, risk tolerance, and lifestyle. Read more: https://hubs.ly/Q02KQhyB0 #Investing #DIYInvesting #InvestmentTips

Benjamin Franklin said that “nothing can be said to be certain, except death and taxes.” 💀💰 This adage holds especially true after the passing of a loved one, as the government still expects forms to be filled out and taxes to be collected during the decedent’s estate administration. To help, here are some of the important tax forms that an estate executor or administrator should be aware of 👉 https://hubs.la/Q02KvpgS0

Schedule a valuable (and free) financial consultation ➡ https://lnkd.in/gJx8NdSX Full video transcript below👇 Here are four ways to begin creating generational wealth! First, use leverage to your advantage. One way that leverage works is with loans, like a mortgage. We know that rates are high, but borrowing money to invest in a property is a fantastic way of growing your assets without needing all of the capital up front. And even though rates are high, when rates come down, you can always refinance. Second, understand risk. All investments come with some level of risk. The key is understanding your tolerance, and diversifying your investments to help manage risks effectively. Third, practice delayed gratification. This is the greatest differentiator of successful people. Instead of spending your entire paycheck, save and invest a portion of it each month. By itself, this discipline can lead to substantial wealth over time. Last, work with a financial advisor you trust. Rather than learning everything on your own, a trusted advisor can fast track your ability to build generational wealth.

Will the U.S. economy remain strong or lean into a recession? All eyes are on the latest US retail sales report, which analysts anticipate growth of 0.3% MoM 💰🛍️ If there is a negative reading, however, it could reignite recession fears. Listen in to the latest episode of the Prudent Pulse ⏱️🎧 and subscribe for weekly episodes delivered straight to your inbox. Subscribe 👉 https://hubs.la/Q02Lgvf30