Overreacting to market movements or trying to “time the market” by guessing its future direction can create additional risk that could negatively affect long-term portfolio performance.
Young renters who are just striking out on their own may not realize that a landlord’s insurance policy typically will not cover the destruction or loss of the tenant’s possessions.
Homeownership can still be an attainable goal, but it may take more planning, flexibility, and creativity than it did in the past.
Considering the potential return on investment before taking on home improvement projects can help homeowners make cost-effective decisions.