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Deep down you know that trying to time the market is a bad idea, yet it's something you're willing to consider. Thankfully you reached out to Aunt Jill :)
Have a money question? Email us, ask jill [at] jill on money dot com.
Please leave us a rating or review in Apple Podcasts.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Today I get to play the role of marriage counselor! One spouse has some investment ideas and the other isn't exactly sold on the idea. Who's right?
Have a money question? Email me here.
Please leave us a rating or review in Apple Podcasts.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Here we go, the latest example of why market timing does not work. If I've said it once, I've said it a thousand times, stick to your game plan!
Have a money question? Email me here.
Please leave us a rating or review in Apple Podcasts.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Is there such a thing as trying to recession-proof your portfolio by pulling off a bit of market timing? Is this an ingenious idea, or a crazy one?
Have a money question? Email me here.
Please leave us a rating or review in Apple Podcasts.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
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And so it begins, the homestretch as we begin the final quarter of radio shows in 2020!
And yes, we’re back to answering your questions in hour one, as well as the usual guest spot in hour two.
This week in hour two we’re revisiting an interview I did a while back with Howard Marks, author of Mastering the Market Cycle: Getting the Odds on Your Side.
Even though this was recorded way before the pandemic, now more than ever, the topic of market timing is incredibly relevant.
As co-chairman and co-founder of Oaktree Capital Management, Howard Marks oversees a leading investment firm responsible for over $120 billion in assets.
We all know markets rise and fall, but when should you pull out, and when should you stay in? The answer is never black or white, but is best reached through a keen understanding of the reasons behind the rhythm of cycles.
Confidence about where we are in a cycle comes when you learn the patterns of ups and downs that influence not just economics, markets and companies, but also human psychology and the investing behaviors that result.
Have a money question? Email me here.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Here we go again, more questions from people who jumped out of the market and now want to know when it makes sense to jump back in. When I find that crystal ball, I'll let you know :)
Have a money question? Email me here.
Please leave us a rating or review in Apple Podcasts.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Once you jump out of the market, when's the right time to jump back in? If I only had the answer...
Have a money question? Email me here.
Please leave us a rating or review in Apple Podcasts.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
The first full week of the New Year was a good reminder that geopolitical risk is alive and well. The events that transpired in the Middle East initially unnerved investors, causing stock and oil markets to gyrate and for gold to reach new seven year highs, but as tensions diminished, the fallout was contained.
Buying a home can seem like a daunting task, especially when you're doing it in a city like New York, where prices always seem to go up and never down. That's how we kicked off the show this week with Chris, a recent transplant from Chicago looking to find a new home in the Big Apple.
Next up was Jeff from Georgia who has the bright idea of timing the market. You know, buying low and selling high, and knowing exactly when it's going to happen!
Hour two was a deep dive into 529 plans and college savings in general with one of the foremost authorities on 529 plans, Andrea Feirstein, founder and Managing Director at AKF Consulting Group, a leading strategic advisor to public administrators of state investment programs.
Andrea was extremely knowledgeable and we touched on several topics, including:
What is a 529? A tax-advantaged savings plan designed to encourage saving for future education costs. 529 plans are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code.
What’s the tax benefit of a 529 plan? Withdrawals for qualified higher education expenses and earnings in the account are not subject to federal income tax and, in most cases, state income tax. Additionally, some states offer residents of the state specific incentives, like the ability to deduct contributions from state income tax or a matching grant.
What does a 529 plan cost? Fees and expenses vary widely from plan to plan and can include start-up fees, maintenance fees, or sales charges. In general, advisor-sold plans cost more than direct-sold plans. The Financial Industry Regulatory Authority (FINRA) has developed a tool to help you compare how these fees and expenses can reduce returns.
What happens if my kid doesn’t go to college? Most states allow you to tap the accounts for other children in the family or even for the parents. Those withdrawals that are not used for qualified higher education expenses will be subject to state and federal income taxes and an additional 10 percent federal tax penalty on earnings.
What has changed with the 2018 tax law? Americans can now withdraw funds tax-free from 529 plans to pay for K-12 tuition and other eligible expenses at private and religious schools, up to $10,000 per year. But there’s a caveat: Not all states will conform to the new federal rules. That means before you pull money, be sure to double check with your state.
Have a money question? Email me here.
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
If you know anything about me then you know how I feel when it comes to people who think they can successfully time the market. Our BONUS caller this week, Paul from Connecticut, is convinced he knows how the market will perform in 2018. Great call!
“Better Off” is sponsored by Betterment.
Have a finance related question? Email us here or call 855-411-JILL.
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Connect with me at these places for all my content:
https://twitter.com/jillonmoney
https://www.facebook.com/JillonMoney
https://www.instagram.com/jillonmoney/
https://www.linkedin.com/in/jillonmoney/
http://www.stitcher.com/podcast/jill-...
https://itunes.apple.com/us/podcast/b...
"Better Off" theme music is by Joel Goodman, www.joelgoodman.com.
