Showing posts with label Financial Advisers. Show all posts
Showing posts with label Financial Advisers. Show all posts

Thursday, August 4, 2016

6 Money Goals to Help Build Your Future

 How do you work toward a better chance at a stable financial future? The financial advisor team in St. Louis knows that the future is unpredictable, so it is best to be financially prepared for events that may arise down the road. It may seem overwhelming now, but following these six goals that Bogetto & Associates has provided can help you feel more secure in your financial future. You never know what will happen in the future, but being financially prepared can help reduce stress and worry about it.


1. Create A Budget


Allocate your money into a set budget. This can help reduce on unnecessary expenses that you can in turn add to your investment and saving funds. Once you set a budget, try to stick to it. Budgeting is the first step when it comes to building wealth for your future.


2. Reduce Expenses


Through reduction of your expenses, you can have more money to save or invest to reach your future financial goals. Think about your monthly expenses versus what you actually use. Do you have a landline phone or a gym membership that goes unused each month? Cutting back on the amount you spend eating out can free up some money as well. These area easy ways to reduce on your monthly outgoing expenses.

3. Save For Emergency Fund


An emergency fund can help pay for unexpected expenses, like medical bills, employment changes, or vehicle repairs. It is recommended to have a fund stashed away to help you get by on six to twelve months of expenses.

4. Build Good Credit


Credit can impact everyone’s lives. Establishing and maintaining good credit can help you by securing better rates on loans and credit cards. This can also save you money in the long run by borrowing at a lower interest rate.


5. Add To Retirement Savings


Retirement is a time to enjoy friends and family, without the worry of work. You work hard your entire life for this freedom. With a retirement nest egg, it is important to contribute regularly to build up your fund over time. Saving for retirement can help ensure that you can enjoy it, when it comes time to retire.

6. Pay Off Debt


Relieving yourself of the weight of debt can help you reallocate that money to a savings or investment fund. It is suggested that you pay off your debt with the highest interest rate first, typically credit cards, and then move on to the next highest rate of debt you owe.

The only thing certain about the future, is that it is uncertain. You can help better prepare yourself for the unknown by financial planning. The financial advisors in St. Louis want to help you plan and prepare for your future financial situations. Setting goals is the first step in the process. The six goals provided are a great way to start financially preparing yourself for the unknown. We would be pleased to help you set and work toward achieving your unique financial goals.

Sources:
http://www.forbes.com/sites/financialfinesse/2014/02/27/7-steps-to-a-better-financial-future/#8de71d266770
http://stories.wellsfargobank.com/love-money-5-tips-help-build-future-together/
http://time.com/money/2793907/building-wealth-best-moves-if-youre-25-to-34/

Financial Health...For Now & Tomorrow



Contact us Today

Telephone - 314-858-1602

10805 Sunset Office Drive, Ste. 202
St Louis, MO 63127

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Securities offered through First Heartland Capital, Inc. Member FINRA/SIPC
Bogetto Financial is not affiliated with First Heartland Capital, Inc.  

Bogetto & Associates does not provide legal or tax advice.  These topics are discussed in conjunction with your CPA, Tax Advisor and Attorney.

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Location: St. Louis, MO 63127, USA

Friday, July 15, 2016

History of the Dow Jones

Most Americans have heard of the Dow Jones Industrial Average (“The Dow Jones” or “The Dow”), but they may not understand why this average is so important in the world of finance. Basically, the Dow Jones Industrial Average is an indicator of the current economic state of the United States as it gauges the performance of the industrial sector. Understanding the Dow can help you in your financial planning decisions, and the expert financial planning team at Bogetto & Associates can help you with any questions you have on this important economic indicator.  Here is some background on the Dow Jones Industrial average and how it is calculated.


Creation of The Dow Jones

Created in 1896, the Dow Jones is named after its founders—Charles Dow and Edward Jones. As the Dow proceeded, many changes were made to its components and calculation methods. The first industries on the index were railroads, cotton, gas, sugar, tobacco, and oil. These are all industrial based companies, which was a big part of the economy at that time for the United States.

Here’s a list of the original Dow companies:


Calculating The Dow Index

A price-weighted index means higher priced stocks are weighted higher to keep the numbers in perspective. Originally the Dow was calculated by adding the price of all the stocks and then dividing by the number of companies that make up the index. This offers some perspective on the economy, but as the Dow Jones grew and progressed some changes were made. The owners decided they had to weigh out changes like mergers and stock splits, which is where the price-weighted system that is used today originated.

Changes To The Index

Only twelve companies were included in the original index; that number grew to thirty in 1928 and has remained since then. A big change occurred in 1932 when eight of the companies were replaced. At the same time, two companies were added who are still part of the Dow Jones today, Coca-Cola Company and Procter & Gamble Company. Four companies in both 1997 and 1999 were changed out. The 30 companies on this list have changed 51 times over the past 120 years.   Apple, Inc. replaced AT&T, Inc. on the index most recently in 2015. General Electric is the only original Dow Jones company in the index that is still in part of the list today.   A company is usually removed from the list if they go through financial trouble or when the economy as a whole shifts.

2016 Dow Jones Components
Apple                                                                          JPMorgan Chase
American Express                                                      McDonalds
Boeing                                                                        3M Company
Caterpillar                                                                   Merck
Cisco Systems                                                            Microsoft
Chevron                                                                      Nike
Coca-Cola                                                                  Pfizer
Dupont                                                                        Proctor & Gamble
ExxonMobil                                                                 The Travelers
General Electric                                                          UnitedHealth
Goldman Sachs                                                          United Technologies
Home Depot                                                               Visa
IBM                                                                             Verizon
Intel                                                                             Wal-Mart
Johnson & Johnson                                                    Walt Disney



The history of the Dow is a history of the US economy.  Having a basic understanding of the Dow Jones Industrial Average and other market averages can help you work toward achieving your financial goals.  Working with a financial advisor at Bogetto & Associates and the wealth of experience that we have can make a difference.  Let our knowledge of the markets help YOU work toward achieving your financial goals. 

Sources:
http://solutions.dowjones.com/history.asp?link=djc-topnav
http://www.cnbc.com/2014/07/02/history-of-dow-30.html
http://www.investopedia.com/terms/d/djia.asp

Financial Health...For Now & Tomorrow



Contact us Today

Telephone - 314-858-1602

10805 Sunset Office Drive, Ste. 202
St Louis, MO 63127

Follow Us



Securities offered through First Heartland Capital, Inc. Member FINRA/SIPC
Bogetto Financial is not affiliated with First Heartland Capital, Inc.  

Bogetto & Associates does not provide legal or tax advice.  These topics are discussed in conjunction with your CPA, Tax Advisor and Attorney.

at No comments:
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Location: St. Louis, MO 63127, USA
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