Introduction In the fast-paced world of technology, professionals often find themselves juggling a myriad of tasks, leaving little time for personal finance management. However, efficient budgeting is crucial for long-term financial stability and achieving life goals. This article explores practical, time-saving budgeting tips, focusing on the 50/30/20 rule and goals-based budgeting, tailored for busy tech […]
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Rethinking High-Dividend Stocks for Retirement Security
Rethinking High-Dividend Stocks for Retirement Security
When planning for retirement, a common strategy often considered is investing in high-dividend stocks. The allure is understandable: receive regular income while potentially preserving the principal. However, this approach, while popular, is riddled with misconceptions and risks that need a closer examination, especially for those we advise on here at Progress Wealth. 1. Dividends vs. […]
The Myth of the Eternal 10% Return
The Myth of the Eternal 10% Return
By Blaine Thiederman MBA, CFP – Founder of Progress Wealth Management “Can we perpetually skim 10% off our stock investments?” – I hear this all the time. This is a common belief among those who have unwavering faith in the stock market’s long-term performance. Now, there’s a strong case for the enduring strength of stocks, […]
Busting the Myth: Stock Market Growth vs. GDP Trends
Busting the Myth: Stock Market Growth vs. GDP Trends
It’s a common refrain among market pundits: “Stocks are doomed to plummet because they’re outstripping GDP growth!” Let’s dissect this. Historically, U.S. GDP has grown at an average of around 3% annually. Contrast that with the stock market, which has seen an average annual growth of about 10%.1 This disparity might seem alarming at first […]
Debunking the GDP-Stock Mismatch Myth
Debunking the GDP-Stock Mismatch Myth
The belief that stock markets must crash because they outpace GDP growth is a common misconception. It’s true that historically, U.S. GDP has grown at an average of about 3%, while stock returns have averaged around 10%. This discrepancy leads some to fear that stocks are overvalued and due for a crash. However, this view […]
The Illusion of Simultaneous Capital Preservation and Growth
The Illusion of Simultaneous Capital Preservation and Growth
Imagine a financial strategy promising both capital preservation and growth. It’s like craving a daily feast of rib-eyes and ice cream sundaes without the calorie count. Tempting, right? But just as that perfect diet is a fantasy, so is the notion of achieving capital preservation and growth together. Capital Preservation: A Zero Volatility Game Capital […]