Do you earn tips at your job? Plenty of employees in Missouri do, including those who wait tables, mix drinks, carry luggage, and clean hotel rooms. For many hourly wage earners, tips can make the difference between a living wage and financial stress. Although a portion of gratuities may be counted as wages by employers,…
Do you have a high-risk tolerance when investing your money? Or do you prefer a more conservative path? If your financial advisor does not understand your risk tolerance and makes poor decisions on your behalf, you may be able to recover your investment losses. To know your risk tolerance, your answer may be affected by…
When you hire a financial advisor, you’re trusting them with your investment future. Financial advisors and brokers sometimes earn a commission on the trades and purchases conducted on your behalf. There may also be other fees charged to your investment account. Know When and Why You Are Paying Commissions It’s important to understand how broker…
You’ve likely heard it a dozen times – diversify your portfolio for maximum gains and protection against major market fluctuations. But what does that really mean? Diversity in your financial portfolio refers to spreading your investments throughout multiple assets so that your exposure to any one type is limited and minimized. This process is designed…
You work hard for your money. So, when you experience problems with your paycheck, it can be stressful and cause difficulties that affect you and your family. In Missouri, wage laws are governed by the Fair Labor Standards Act (FLSA) and the Missouri Wage and Hour laws. These policies cover a wide range of issues…
Many individuals who invested in the stock market in 2019 experienced unparalleled success and high growth in their portfolio. In fact, the S&P 500 was up 28.9% for 2019. There were some people, however, who were not so fortunate. Instead of reaping the benefits of the booming market, some sustained losses as a result of…
We are living in a fascinating time where the stock market is exploding. In 2019, the growth of the market was significant: the Dow 30 jumped 22.3% the S&P 500 gained 28.9% and NASDAQ rose 35.2%. In this booming market, working with financial advisors and brokers is the traditional method for taking part in the…