At some point in your life, you probably have heard about the importance of developing a budget. But, why is a budget so important? Perhaps you simply spend what you must and save whatever’s left over. Or, perhaps you spend all you have and borrow or charge anything else that you need.
A well-crafted business plan can be a blueprint for success. This multifaceted tool is as important to established business owners looking to grow their companies as it is to budding entrepreneurs.
Consumer inflation continued at a moderate, but manageable, pace in October.
As shown in the LPL Chart of the Day, the core Consumer Price Index (CPI), which excludes food and energy prices, rose 2.3% year over year in October. That’s slightly lower than September’s 2.4% year-over-year growth, which was the fastest pace of the economic cycle.
Charitable giving can play an important role in many estate plans. Philanthropy cannot only give you great personal satisfaction, it can also give you a current income tax deduction, let you avoid capital gains tax, and reduce the amount of taxes your estate may owe when you die.
In the wake of turbulence in the financial markets, it's worth reviewing the legal protections available for assets held by banks, credit unions, and securities dealers.
Bank/savings and loan deposit accounts
Risk tolerance is known as your specific ability to tolerate ups and downs within the market, and over time this should impact the variety you have within your investment portfolio. Every investor has different ranges of acceptable risk when entrusting their money to the stock markets.