Credit cards can be valuable financial tools if used wisely, offering convenience, rewards, and even helping to build your credit score. However, mismanaging your credit card can lead to various fees that can quickly add up, making your card more expensive than you might have anticipated. Being aware of these fees and knowing how to avoid them can save you a significant amount of money in the long run. Here are six common credit card fees to watch out for, along with strategies to avoid or minimize them. 1. Interest…

It’s been nearly 20 years since bonds have presented as attractive an opportunity as they are likely to in the second half of 2024. Economic conditions and changing monetary policy are combining to create an environment where high-quality, low-risk investment-grade bonds can deliver higher interest payments than they have in decades. Additionally, they offer more potential for capital appreciation than stocks or cash. Throw in bonds’ lower volatility compared to stocks and an increasing tendency to rise when stocks fall, and it’s easy to see why Fidelity and PIMCO bond…

If you’d like to invest in real estate but don’t have the resources, time, or expertise to buy and manage properties yourself, then real estate investment trusts (REITs) could be alternatives to consider. With a REIT, you buy into a professionally managed real estate portfolio, which has been created by pooling money from many investors. Read on for more on investing in REITs, how REITs work, and their pros and cons. What is a REIT? Real estate investment trusts (REITs) are companies that own, operate, or finance real estate—such as…

As we approach the 2024 presidential elections, there is a growing sense of uncertainty about the future of various financial policies, especially those related to taxes. At the center of these discussions is the Tax Cuts and Jobs Act (TCJA) of 2017, a significant piece of legislation that brought about extensive changes to the U.S. tax code. With the TCJA set to sunset at the end of 2025, the upcoming election could have profound implications for your finances. The Political Landscape and Potential Changes President Biden has indicated a preference…

Traveling, whether domestically or internationally, can be an exciting adventure. However, managing your finances while on the go requires careful planning to ensure safety, convenience, and cost-effectiveness. While carrying cash might seem straightforward, it poses significant risks and limitations. Utilizing credit and debit cards can offer enhanced security, fraud protection, and potentially save you money. Here are some essential tips for making the most of your credit and debit cards while traveling. Fraud Protection with Credit and Debit Cards One of the primary advantages of using credit cards during travel…

We encounter risks daily, from driving to work to making financial investments. Just as you might choose to manage driving risks by wearing a seat belt, you can manage financial risks through strategic planning. Financial risks, such as investment losses, inflation, and the possibility of outliving your savings, are inherent. Understanding and managing these risks effectively is crucial for financial stability. Here are three strategies to help you mitigate financial risks and safeguard your financial future. 1. Avoiding Investment Risk Avoiding investment risk often means opting for safer, more stable…

As summer unfolds, it’s an opportune time to get ahead on your 2024 tax strategy. While you might still be savoring the relief of having filed your 2023 taxes, proactive planning can help you reduce your tax burden for the next year. Here are six tax-planning strategies to consider implementing now to ease the process come next April. 1. Examine Your W-4 Withholdings Most people fill out their W-4 form when they start a new job and forget about it. However, it’s crucial to revisit this document periodically, especially if…

AI chip leader Nvidia has surged over 170% in 2024, far ahead of other companies in the S&P 500 index. However, it is not the highest-performing stock this year. The best-performing stock is another AI stock closely related to Nvidia – Super Micro Computer(SMCI). As of June 18, SMCI has risen over 220% this year, leading the S&P 500 component stocks. However, after hitting records in early March, SMCI’s stock dropped roughly 20% by June 18. If you are thinking of investing in this company, what are the key points you should…

The French stock market is experiencing a significant downturn, marking its worst weekly performance since late February 2022. This decline comes in the wake of snap election announcements that have injected a wave of uncertainty into the market, particularly impacting banking stocks and broader European financial institutions. The Paris CAC 40 index fell by 2.4% early on Friday, pushing the week’s total decline to 6%, the worst since the Russian invasion of Ukraine. Chart: France Equities Tumble The Most Since Russian Invasion Of Ukraine A Tumultuous Week for French Stocks…

The global travel industry is witnessing an extraordinary resurgence, driven by a robust recovery in both leisure and business travel. According to the International Air Transport Association (IATA), airlines are set for a prosperous 2024, with profitability projections significantly upgraded. The trade group now anticipates net profits to reach $30.5 billion, up from $27.4 billion in 2023. This remarkable surge is fueled by record-high traveler numbers and soaring revenues. Record-Breaking Traveler Numbers and Revenues The U.S. is expected to see an unprecedented number of passengers flying this summer, contributing to…