Marc S. Freedman CFP® is the President of Freedman Financial, Inc. and a 2017 recipient of Investopedia's 100 most influential financial advisors.
A second generation financial planner, Marc has almost two decades of experience in the financial industry and has received national recognition and accolades.
Marc is passionate about educating the public – as well as those who present themselves as financial advisors – about the enormous differences between investment advice and integrated financial planning. He believes that communication is the cornerstone of a good relationship, and that planning is the most important step toward a solid financial future.
His first book, Oversold and Underserved – A Financial Planner’s Guide to Serving the Mass Affluent has been recognized by the industry as a blueprint for building a better relationship between financial planners and their clients.
Marc’s NEWEST BOOK, ‘Retiring for the Genius’, released August 2014 has had an even bigger following than his first book.
Retirement can feel like you’re walking a tightrope every day. Without a solid handle on your overall personal finances, you could find yourself living without a safety net.
Marc is a sought after speaker lecturing both internationally and domestically on trends in the financial planning profession and practice management issues. In 2009, during the most challenging economic times, he appeared on the CBS Early Show as part of “The Job Squad” to perform makeovers for individuals trying to get their financial house in order.
Freedman is quoted in national media outlets, including L.A. Times, Wall Street Journal, Reader’s Digest, Money Magazine,Business Week, USA Today, The Journal for Financial Planning,Financial Planning Magazine, Investment Advisor Magazine,Registered Representative, Boston Globe and the Boston Herald.
A graduate of Peabody Veterans Memorial High School and Babson College, Marc is married to Laura and has five children. He’s an avid fan of the Boston Red Sox AND the Wonderful World of Disney. It is his life-long dream to dress as a Disney Character in the Magic Kingdom for just one day – after that, he’d happily retire as a tour guide or guest relations cast member.
BS, Marketing, Babson College
Assets Under Management:
Marc S. Freedman - Financial Advice in a Language You Can Understand
How Retirees Make Smart Financial Decisions
The Delegator - Busy Families Unable to Monitor Their Financial Future
You're gonna hate this answer. But it's the one that applies to most questions posted on this (and any site). Are you ready? The answer is, "It depends."
Some (though only a small percentage of) employers allow employees to manage their 401k plans independently, most 401k plans require employEES to participating in employER matching programs to maintain their 401k within the scope of the approved offerings.
There is an instance called an in-service withdrawal which allows active employees in a plan to pull some of the money in your 401k and roll it over to an IRA. Eligible investors often make this choice to that they have greater control over their investment options. Thus, as long as you maintain a part of your 401k in your company's plan the employer matches will continue to be added to your ER offered 401k.
If you elect to not particiapte in the 401k and instead simply fund your own IRA, you would not be eligible for a company "match" because you wouldn't be a participant in the plan. If however, your company offers a "safe harbor" 401k, you may receiving an ER match (based on your compensation), and those funds would be held in the company's 401k and not eligible as a regular addition to your IRA.
Not an easy question to answer. Much more to it than a simple, yes or no response. And I've just scratched the surface.
I know of no long-term investors who incorporate "Bear" of "Against the Market" funds in their portfolio. Long term investors shouldn't worry about short term pullbacks. If you believe the markets will be higher 5+ years from now; then stay away from Bear Funds. Buy quality. Buy optimistically; then go back to doing what you enjoy - and let your investments work for you!!
Acquiring more stocks suggests that you have more money to invest.
Rebalancing, is a repositioning of an existing portfolio to bring it back to it's planned asset allocation.
For instance assume you wanted a portfolio or 50% Growth Investments and 50% Value Investments. If you left your portfolio alone over the past three years, you've likely seen your overall asset allocation shift much more in favor of Growth. Thus your portfolio might now be 65% Growth and 35% Value. If you're of the belief that markets ulitmately revert to a norm, it would make rational rebalancing sense to SELL HIGH (that mean's give up 15% of your Growth Portfolio) and BUY LOW (Reposition the money from the sale of Growth investments into your Value positions).
Admittedly, a rebalancing strategy works a lot easier with mutual funds than it does with stocks.
Here's my suggestion. Focus on what you CAN do rather than what you Can't Do. Review their website, learn about their firm, and do some resourceful digging. As an intern they're not looking for you to see clients, trades or make any accountable decisions. If you have excel skills, writing skills, communication skills etc. Don't just tell you employer, bring examples of what you've done. Make your interview interesting and about how you can help the firm. If you find yourself only answering questions; it's gonna be a long day.
SO excited to hear that you're ready to jump into the world of investing.
There are several options for you when you set up a systematic investment plan. This means that $100/mo would be withdrawn from your bank account and invested on your behalf. All you need to do is choose the product and the rest is automatic. I'd suggest that you look for an S&P 500 type fund, typcailly available through Fidelity, Schwab, etc. They'll help you with the paperwork, and explain why investing in a mutual fund is best for starting-out investor, or most individual investors, for that matter. You'll have access to professional money management, diversification, liquidity, and daily pricing. Best of luck to you.