| The slogan "An educated consumer is our best customer" stood out when Sy Syms, CEO of the Syms Corp., used it in TV ads in the 1980s. It was all about customer empowerment.
The same can be said about educated investors, because knowledge is power.
When it comes to investing your money, you want to have all the resources and information available to you. You will obviously feel more secure when you have a better understanding of money issues and therefore have more control of your finances.
Financial freedom can be achieved through education. As an educated investor, you'll be able to make smart decisions with more confidence. Knowing how to invest wisely isn't a natural ability. You're not born with all the knowledge and tools it takes to be an educated investor. It takes hard work and dedication.
There are many investments to choose from, and each type offers a different level of risk and reward.
To be honest, investing intimidates a lot people. There are so many options, and it can be hard to figure out which investments are right for you. There's everything from stocks and bonds, to mutual funds, exchange-traded funds, alternative investments and cryptocurrency.
Of course, There are also various types of retirement plans. Workplace retirement plans, sponsored by your employer, include 401(k) plans and 403(b) plans. If you don't have access to a retirement plan, you could get a traditional individual retirement plan or a Roth IRA.
It's a lot to take in.
The CNBC personal finance team and the Invest in You team can help in the decision-making process.
Each day, each week, the teams provide smart, unbiased, fair and balanced personal finance news coverage.
Just this week, we covered various ways to hedge inflation using real estate investment trusts or I bonds. We looked at how the Social Security cost-of-living adjustment for 2022 will be impacted by inflation and how to make the most of that year-end bonus. Our coverage included the pros and cons of investing in cryptocurrency, and we wrote about various strategies for planning your retirement. We also looked at the latest news around student loan forgiveness and the child tax credit.
To be sure, the personal finance and Invest in You teams are ready to tackle the big stories as we head into 2022. Besides our usual in-depth news coverage, we will deliver special reports on smart tax planning, fixed income options and strategies for the empowered investor.
For more cool stuff like this, check out CNBC's Financial Advisor Hub and CNBC + Acorns Invest in You: Ready. Set. Grow. |
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