Break-Even Point – Napkin Finance
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noviembre 21, 2017

Break-Even Point

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With the start of the new school year here, let's With the start of the new school year here, let's talk about Paying for College! Going to college can lead to better jobs and bigger paychecks. But it comes at a high cost, with tuition alone often costing tens of thousands of dollars a year. To help pay those bills, you have three main resources: ✅ Savings ✅ Financial aid ✅ Tax breaks So whether you, your kids, or someone you know is about to start, it's important to have a gameplan for paying off tuition! For many people, it makes sense to start saving as soon as possible. That could mean starting the college fund now—even if your kid’s still in diapers. The sooner you start saving, the more time your money has to grow. There are several options that offer unique advantages, including a 529 savings plan, a 529 prepaid tuition plan, a Coverdell Education Savings Account (ESA), and UGMA/UTMA Custodial Accounts. Even if you start saving while your kid is still a zygote, you may not have enough cash in the bank to pay out of pocket. Financial aid can help cover the difference. There are three main types: ➡️ Scholarships and grants—aka free money! Scholarships are typically awarded on merit—such as for academics, athletics, or even playing Pokemon (seriously). Grants are typically awarded on financial need. Both can be offered by colleges themselves, private organizations, and/or various levels of government. ➡️ Work-study jobs Provide part-time jobs for students with financial need. Unlike other jobs, income from work-study doesn’t typically hurt your ability to qualify for financial aid. ➡️ Loans—federal and private. Federal loans typically offer a better deal, with lower interest rates and more flexible repayment options. Private loans can have higher rates and don’t offer as much wiggle room on payments. What has been your college payoff plan? For more support, swipe up in today's stories or click the link in our bio to learn how you can apply for aid directly, some helpful tax breaks to be aware of, and more!
The truth? Everyone has their own credit score. The truth? Everyone has their own credit score. If you and a spouse jointly took out a loan, that loan will appear on both of your reports. Just because you're married doesn't mean you share EVERYTHING. 😉 Ultimately, your credit score does matter if you and your spouse want to apply for certain types of joint accounts or credit, like a mortgage. Lenders will consider both of your credit scores in these instances, and if one of you has poor credit, it could increase your fees and interest rates, or you could be denied credit altogether.
Have you heard the term "Risk Tolerance" before? R Have you heard the term "Risk Tolerance" before? Risk tolerance describes how much risk you can (or should) be taking on with your investments. Investing always comes with some risk of losing money. But investments that return more also tend to be riskier. Figuring out your risk tolerance can help you figure out the right balance between these two issues: aiming for higher returns while aiming to avoid big losses. Your risk tolerance boils down to two main considerations: your financial ability to take on risk and your personal comfort level with risk. Generally speaking, you’ll have a higher risk tolerance if you have a longer time horizon, plenty of other financial resources, and a less important goal. Similarly, the more you know about investing and the greater your comfort level with market drops (because sometimes—they happen), the more risk you can take on. You can use your risk tolerance to figure out your asset allocation—or how much of your portfolio to invest in stocks, bonds, and other assets. Although fine-tuning your asset allocation can be complex, in the big picture, it’s all about finding that right balance between potential risk and reward. Have you used #RiskTolerance to support your investment decisions? Share with us below! And swipe up in today's stories or click the link in our bio to learn more, including some more important considerations! Also, did you know that it’s not always the case that taking on less risk means you earn a lower return? Women tend to invest more conservatively than men but still earn better returns (on average), possibly because they trade less.
In the seventeenth century, Dutch colonists built In the seventeenth century, Dutch colonists built a wall in lower Manhattan to help them defend against an expected British invasion. Wall Street didn’t become an official financial hub for another hundred years, when a group of local merchants signed an agreement under a famous buttonwood tree on Wall Street. The Buttonwood Agreement was the predecessor to the NYSE. If only it were that easy to climb to the top of *that* Wall...
Hedge funds are investment funds that pool many in Hedge funds are investment funds that pool many investors’ money and then hire one or more professional managers to buy and sell specific investments. Although that basic structure is a lot like that of mutual funds, unlike mutual funds, hedge funds are lightly regulated and often high risk. You can think of them as like mutual funds on steroids. Hedge Funds & Mutal Funds contain their fair share of differences, including: 1. Who can invest 2. What they can invest in 3. Whether you know what your fund owns 4. How expensive they are 5. How easy they are to exit With high fees and high risk, you might wonder why anyone would choose hedge funds over other types of funds. It generally comes down to two potential benefits: ➡️ The chance of higher returns. Because of their aggressive approaches and because looser regulations give them more leeway to boost returns, hedge funds have the potential to generate much higher returns than other funds. ➡️The need for diversification. Investors are always on the hunt for investments that don’t move in lockstep with traditional stocks and bonds (particularly for investments that may rise when stocks or bonds are falling). Because they can invest further afield, hedge funds can have an easier time delivering those types of returns than mutual funds or other mainstream investments. Do you have any experience with Hedge Funds? Share with us below? And swipe up in today's stories or click the link in our bio to learn more, including some various types of Hedge Funds. And Fun Fact: The word “hedge” has a specific meaning in investing. It means to reduce risk by making an investment that offsets the risk of another investment. A common misconception is that hedge funds engage in hedging. Some do, but plenty don’t. #themoreyouknow
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