<p class=“MsoNormal“>Individuals <a target=“_blank“ href=“https://vhnx.com/“ target=“_blank“>planning for retirement</a> may feel quite anxious
about the coming years, considering the high inflation and interest rates and
the low consumer confidence.</p><p class=“MsoNormal“>It’s uncertain whether
a recession will occur, although there are some signs that an extended economic
slowdown may happen. Still, retirement will come to just about every people.
Therefore, it’s important to learn as much as we can about navigating and
managing this period in our lives once it takes place.</p><p class=“MsoNormal“>Here are four things
you can do to prepare your investment portfolio for retirement. </p><p class=“MsoNormal“>Combine Similar
Accounts</p><p class=“MsoNormal“>Combining your
similarly taxed accounts and sticking to only one or two financial institutions
helps curb your attention from multiple individual retirement accounts (IRAs)
and 401(k)s. Plus, keeping an eye on and handling your investments and taxes is
easier when you only have a handful of accounts.</p><p class=“MsoNormal“>Merging your accounts
is more than just about getting you organized in retirement.</p><p class=“MsoNormal“>Maintaining multiple
accounts across different institutions could subject you to some considerable
expense funds or additional management costs. And those high, extra costs can
be detrimental to your investment returns, leaving you with less money than you
should have to retire comfortably. </p><p class=“MsoNormal“>Opt For Index Funds</p><p class=“MsoNormal“>Index funds are usually
an excellent choice for a retirement investment portfolio. They are low-cost,
so they help reduce the fees you pay, which in turn increases your long-term returns.</p><p class=“MsoNormal“>Furthermore, index
funds mirror the performance of particular market indexes, making them a
passively-managed investment.</p><p class=“MsoNormal“>That hands-off approach
is a method that you may appreciate in your retirement, as it would allow you
to spend less time monitoring your investments, and more on leisurely or
recreational activities.</p><p class=“MsoNormal“>In choosing ideal funds
to bet on, you can consider ones that follow the S&P 500 index or the
overall bond market.</p><p class=“MsoNormal“>Additionally, taking a
broad look at your portfolio and putting money into diversified index funds may
help you generate profit near the amount of the market’s total return, which is
often higher than what many active investors make.</p><p class=“MsoNormal“>Cut Down on Individual
Stocks</p><p class=“MsoNormal“>Preparing for
retirement signals the time to reassess your individual stock holdings. If
single-stock investments still make up a pretty significant part of your
portfolio, you may need to consider reducing some of those positions.</p><p class=“MsoNormal“>That’s because
idiosyncratic risk is endemic to many individual stocks of companies. You can
minimize this type of risk by focusing on diversifying your investments,
determining a suitable asset allocation, and setting a target amount for
saving.</p><p class=“MsoNormal“>Have Enough Cash</p><p class=“MsoNormal“>Having a sufficient
cash reserve during retirement can be crucial since it can provide the
flexibility you may need in times of emergencies or unexpected expenses.</p><p class=“MsoNormal“>Relying on your stock
positions to pay for your unforeseen expenses is a risky decision in
retirement. On the other hand, keeping an adequate amount of cash during a crisis
can give you financial peace of mind.</p><p class=“MsoNormal“>Instead of opening a
brokerage account, a <a target=“_blank“ href=“https://vhnx.com/signup“ target=“_blank“>high-yield savings
account</a> that you can access anytime would be a better option for storing
your fully liquid funds.</p>

This article was written by ForexLive at www.forexlive.com.

<p class=“MsoNormal“>A career as a financial
advisor can be a great experience since it involves advising and guiding people
on building a <a target=“_blank“ href=“https://kaarat.com/“ target=“_blank“>financial or investment plan</a>
that works for their situation. To become one, you need to be licensed, work in
a firm, and gain experience.</p><p class=“MsoNormal“>Here’s further
information that you need to know about working as a financial advisor.</p><p class=“MsoNormal“>Financial Advisor in a
Nutshell</p><p class=“MsoNormal“>A financial advisor is
a financial expert specializing in providing clients with consultations and
recommendations related to financial planning, including investments,
insurance, and savings, among other things.</p><p class=“MsoNormal“>Financial advisors can
also assist in other financial matters besides giving investment advice. They
can guide you on retirement planning, tax management, marriage, and childbirth.</p><p class=“MsoNormal“>The Job of Financial
Advisors</p><p class=“MsoNormal“>Financial advisors
offer various services that aim to achieve the same objective. Helping clients
meet their financial goals.</p><p class=“MsoNormal“>Still, analyzing
investments and strategies is a big part of their job as advisors. That
includes staying updated with the latest trends, knowing how different assets
work, and when to buy and sell them.</p><p class=“MsoNormal“>Meeting clients is also
another essential part of a financial advisor’s job. Meeting clients would
allow them to understand their clients and gain information about their
financial needs and situation, factors that would help determine suitable
investments and approach for them.</p><p class=“MsoNormal“>Not All Financial
Advisors Are the Same</p><p class=“MsoNormal“>While several financial
advisors are stock brokers with the necessary licenses and enough understanding
of the financial industry to help clients choose appropriate investments and
approaches, some advisors deal with more particular financial matters.</p><p class=“MsoNormal“>Such advisors include
financial planners who work with clients to develop a detailed financial plan,
investment advisors who handle investors’ money, and analysts who look into
certain investments.</p><p class=“MsoNormal“>Here are some of the
financial advisors with more specialized skills:</p><p class=“MsoListParagraph“>· Certified Financial
Planner (CFP)</p><p class=“MsoNormal“>A CFP is a financial
advisor whose main job is to develop an in-depth financial plan for their
clients, usually individual investors.</p><p class=“MsoNormal“>The requirements to
become a CFP are pretty difficult to acquire. You will need to complete a
challenging education program, pass a CFP exam, prove your experience in
financial planning, and pass CFP fitness standards.</p><p class=“MsoListParagraph“>· Chartered Financial
Analyst (CFA)</p><p class=“MsoNormal“>CFA is a designation
given to financial experts certified by the CFA Institute.</p><p class=“MsoNormal“>CFAs mainly work on investment
analysis and determining the value of assets that investors buy and sell. Their
professional knowledge and experience are crucial to research analysts and
asset managers.</p><p class=“MsoListParagraph“>· Registered Investment
Advisor (RIA)</p><p class=“MsoNormal“>An RIA is a company
that provides investment advice to clients who are usually high-net-worth
individuals and institutional investors.</p><p class=“MsoNormal“>RIAs operate under the
supervision of the Securities and Exchange Commission (SEC) or individual
states. This financial expert hires individual financial advisors to make
investment decisions for clients. They may also manage investment portfolios on
their clients’ behalf.</p><p class=“MsoNormal“>Knowing if a Financial
Advisor Career is For You</p><p class=“MsoNormal“>Working as a financial
advisor has benefits and opportunities that would allow you to help people with
their financial and investment planning. Still, not everyone is fitted to
become a financial advisor.</p><p class=“MsoNormal“>Being a financial
advisor involves handling clients who may be worried or upset about their
current financial state.</p><p class=“MsoNormal“>In addition, you need
to be adept at dealing with numbers and have a solid grasp of different
financial concepts. You must also practice discipline and be organized to
properly keep up with the condition of clients’ accounts.</p><p class=“MsoNormal“>That said, working as a
financial advisor may suit you if you’re a hard worker and have a substantial
interest in helping others <a target=“_blank“ href=“https://kaarat.com/signup“ target=“_blank“>make sound
decisions</a> with their finances and investments.</p>

This article was written by ForexLive at www.forexlive.com.

<p style=““ class=“text-align-justify“>The focus in markets so far today has been the terrible set of economic data releases from China earlier in Asia trading. In case you missed it, you can check out Eamonn’s posts earlier here:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/chinas-jobless-rate-for-16-to-24-year-olds-has-hit-its-highest-ever-recorded-20220815/“ target=“_blank“>China’s jobless rate for 16 to 24 year olds has hit its highest ever recorded</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/lack-of-demand-for-loans-in-china-is-bringing-recession-fears-20220815/“ target=“_blank“>Lack of demand for loans in China is bringing recession fears</a></li></ul><p style=““ class=“text-align-justify“>As much as it looks bad, things could very well be much worse beyond the surface. The solution that China has been sticking to mostly in the pandemic recovery is to look towards the PBOC. However, what the data is telling us is that monetary policy alone just isn’t enough to bolster the economy – at least in a meaningful manner.</p><p style=““ class=“text-align-justify“>The rate cuts and liquidity injections look spent at this point and there is no point in that if domestic demand just isn’t there. The collapse in loan demand conditions underscores that sentiment (I mean do rate cuts or borrowing supply mean anything when there isn’t any demand for loans?) and that points to some serious cracks within the foundations of the Chinese economy.</p><p style=““ class=“text-align-justify“>Beyond subsidies and tax cuts, the government needs to do more. There needs to be proper fiscal help to accompany monetary policy, otherwise there isn’t much else that the PBOC can really do.</p><p style=““ class=“text-align-justify“>The stop-start policy by the government with regards to COVID-19 handling is arguably a bigger problem than it is made out to be. Not only is it causing some form of social resonance, it also looks to be simultaneously keeping the economy in a stop-start kind of mood as well. If domestic demand doesn’t improve, that’s a big hole that needs to be filled for both the local and global economy.</p><p style=““ class=“text-align-justify“>And when China sneezes, the rest of the world catches a cold. So, keep that in mind for the outlook everywhere else.</p>

This article was written by Justin Low at www.forexlive.com.

<p style=““ class=“text-align-justify“>The recent fall in oil was somewhat defended around $88, near the 61.8 Fib retracement level at $88.04 and we are seeing that be called into question again today. Oil is being taken to the dumps after the recent bounce at the end of last week failed to get above $95 and its 200-day moving average (blue line).</p><p style=““ class=“text-align-justify“>Recession worries are a key headwind for oil at the moment and the latest headlines from China today will provide very little comfort on that front. All of this just adds to the recent controversy over the data that is also helping to drive sentiment in the oil market. Adam had a good post on that at the start of this month <a target=“_blank“ href=“https://www.forexlive.com/news/the-data-thats-driving-the-rout-in-oil-prices-is-barely-believable-20220804/“ target=“_blank“>here</a>.</p><p style=““ class=“text-align-justify“>Anyway, the technicals are now doing the talking for oil and if we do see a firm break below $88 then that will open up room to roam to the downside towards $80 next.</p>

This article was written by Justin Low at www.forexlive.com.