The Oxford Club is a selective club that provides its members with valuable advice related to investment portfolios on a regular basis. Chief Investment Strategist Alexander Green wrote an article just a couple of weeks ago that provided investors of all interests with solid ideas.
Here’s a recap of the three most important tidbits of information you might ever read related to investing, as written by Mr. Alexander Green of The Oxford Club.
Americans Generally Don’t Save Enough For Retirement
The 2017 Retirement Confidence Survey found that one-quarter of all Americans have less than $1,000 saved for retirement. Just about half of all United States citizens have saved up less than $25,000. Neither one of those amounts is enough to live on, forcing them to draw Social Security or forego necessities or things that would better help their lives.
As the average person receiving Social Security disbursements only receives $1,360 per month, it’s important for Americans to save ample sums of money for their impending retirements, or else they might have to pull money from their investments.
Investment Switching Isn’t Cheap
If placing one’s money into investments didn’t cost any money, being a day trader, or at least an active investor, would make more sense. However, buying into new opportunities on a frequent basis cost tons of money, and often results in lesser performance than their passive counterparts.
If you recently got a lot from particular investments, you should consider moving money into cheaper options that aren’t doing well right now. Balance is good in many things, including investing.
The Oxford Club was made in 1989 and has more than 157,000 members in over 100 countries. It provides its members with top-notch investment advice, through the Internet, print publications, and everything in between.
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