Tag Archives: KriKnows

The Great Rotation: Bonds into stocks

Source: paklinks.com

In today’s economy, there are constantly new market predictions virtually on a day-to-day basis. So, what is the next hot topic?

James A. Klotz of FMS Bonds, Inc. discusses “The Great Rotation” of investment dollars from bonds into stocks in 2013.

“The theory, as espoused by Bank of America, among many others, posits that persistent market volatility in the last decade, which prompted investors to seek refuge in the bond market and cash investments, would give way this year to more sustained growth in most economies.” writes Klotz.

“Moves by governments to address deficit spending along with a rise in consumer confidence will ultimately lead to a massive flow of investment dollars into equity funds from the safe haven of bonds.”

Head over to the FMS Bonds, Inc. website to read more on this coming rotation.

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Find out why your bills are skyrocketing

Source: johnpetruse.net

Sometimes we accidentally forget to flick the light switch when we leave a room, or we keep our cell phone charger in the wall after we’ve charged our phones. We may just shrug it off, not thinking that this is adding too much to the electric bill — but you may be surprised.

Believe it or not, there may be quite a few little things you can do that will cause your overall expenses to drop significantly. Things like the aforementioned, who you live with, and even the brands you buy can either add or decrease how much money you shell out.

“To err is human; to make budgeting mistakes, totally human as well. Most people are not aware of the little budget traps we get caught in, because life is so busy that it’s hard to keep track of the smaller money details. But being careless can rack up higher bills,” writes Emily Co of Popsugar.

Co has compiled a list of 13 things that are causing your bills to skyrocket. Read on and find out how to lower your monthly expenses.

Source: popsugar.com

What is an annuity?

Source: bankersannuitybrokerage.com

It may be easy to find financial matters a bit daunting when you may not have the clearest understanding of financial terms and what they encompass.

Take annuities for example.

“An annuity is a contract with an insurance company that is funded by the purchaser and designed to generate an income stream in retirement. It is a flexible financial vehicle that can help protect against the risk of living a long time because it provides an option for a lifetime income,” according to an article on the Krinos Group website.

Sometimes one may be encouraged to outsource all of their financial matters to third-party firms, advisors, etc. While it may be important to seek financial advice from such outlets, having a basic understanding of key financial terms and what you can gain from each one respectively is significant.

Take a look at this article on annuities on our website and brush up on your financial terminology and understanding.

Avoid these 10 budget myths

Source: lewisborogov.com

You sit down at your kitchen table with your spouse to go over your bills. You discover that money going out is quickly overwhelming the money coming in.

It may be time to go on a budget.

Some people may look at the above sentence and roll their eyes, shrug it off, and say, “I don’t need to go on budget — my finances are fine.” Unfortunately, denying the need to budget is one of the 10 budget myths, according to Investopedia.

“Even though budgeting is a wonderful tool for managing your finances, many people think it’s not for them. The logic they use, however, is often flawed. Below is a list of 10 budget myths that stop people from saving as much as they could – and should,” Investopedia writes.

To read on about the 10 budget myths, please follow the link listed above. For more investing or budget-related information, visit Investopedia.com.

SOURCE: Investopedia

Always have a Plan B

SOURCE: 2012 Field Guide, National Underwriter

SOURCE: 2012 Field Guide, National Underwriter

If you, or your spouse, were to experience a long-term disability (lasting 90 days or more), would you be able to shoulder the financial burden?

This is a fairly significant question to ask yourself, and ultimately prepare a response to. Sometimes we would rather not think of the possibility of getting injured, but, believe it or not, a 50-year-old has about a 36% chance of experiencing a long-term disability before age 65, according to the National Underwriter 2012 Field Guide.

Of course, there is disability insurance and things of the like that assist in these particular types of matters, but the percentage of income that it can replace is ultimately up to the policy.

Head over to the Krinos Group website and check out our “Having a Backup Plan” newsletter to learn what you can do to prepare for an unforeseen event like this.

Take a ride on the California financial swell

Source: 123rf.com

The surf in California is legendary, so our choice of metaphor is a logical, and easy choice.

The California financial surf is experiencing a significant swell.

“…as a result of the economic upturn and the passage of Proposition 30 in 2012, which temporarily raises income and sales taxes, revenues are forecast to hit $98 billion in 2014, following an estimated $95 billion in 2013. The State Department of Finance projects small surpluses through 2017, its normal five-year forecasting period,” writes Jay H. Abrams, FMS Bonds, Inc. Chief Municipal Credit Analyst.

You can read the whole story and learn more about the present and future boom of California finances here.

SOURCE: FMSBonds.com

Cut costs in 2013

Source: Blog.Score.net

We are nearly two months into the new year, and that means that we are all beginning to settle into the day-in, day-out life of 2013.

Daily routine may not vary much from year-to-year, but the way we look at, and handle our personal finances definitely relies on more than our personal lives. We have to examine the state of the economy, what’s going on in politics, rate of inflation, etc.

This means that we are constantly on the search for ways to cut corners and potentially save a bit of cash where we can.

Fox 4 News out of Kansas City has provided us with a list of 25 Personal Finance Tips for 2013. Click below to see how you may be able to cut a few costs this year.

SOURCE: WDAF-TV

Start ’em young: Financial tips for young adults

Source: Provantagelegal.com

Finances.

When you were in high school, did your teachers focus heavily on this topic? No? Well, how about when you got to college? The answer is probably still an unenthusiastic, “No.”

When we are in high school, our curriculum tends to focus on getting us the basics to prepare for life. We learn history, some economics, English, maybe a secondary language, and then of course we have a plethora of electives to choose from. But among that list, we find very little financial background.

Fast forward to college.

We are in our freshman year. We may have chosen our major already, but that ultimately does not matter as we are forced to take a variety of courses to give us a well-rounded introduction to the college life. What isn’t necessarily among that information provided? Finance.

It seems that finance is only a topic worth considering if you are either A.) Considering becoming an accountant or some other professional that deals with daily financial tasks, or B.) You are old enough to live on your own, work to pave your own way, and pay your own bills. Both of these outcomes, however, may be too late.

The best-case scenario is that parents spend the time to educate their children on the topic of financial understanding and readiness, and children take the time to listen and learn about these concepts. What is important to consider is that financial matters are often misconstrued as difficult topics.

Fear not, my friends — finances are not a concept that is above our heads.

Investopedia discusses this topic about financial education of our youngsters, and provides eight financial tips for young adults. Read on to find out how to educate your children, or, if you are in fact a young adult, how to get the most out of a do-it-yourself financial education.

SOURCE: Investopedia

You don’t need the newspaper anymore for quality headlines

Source: Mashable

For those of you who may have been living off the grid for the past couple years — welcome to the digital age.

Everything today is Facebook this, Digg that, Pin this, and Tweet that. It may be hard to get used to for some, but believe it or not social media offers a completely unique and timely way of getting your daily news.

Let me tell you a story:

Meet Ted.

Ted is a man who has paid for his newspaper subscription for years, and has no interest in joining the new social networking fad. “It’ll die off just like bell-bottom jeans,” Ted tells himself. He continues to drink his coffee and get his daily dose of morning headlines from that good ol’ black and white paper.

The next day, Ted wakes up only to realize that his newspaper has gone belly-up and, in an effort to cut costs, will no longer publish weekend papers. “So what?” you might ask. Well, it just so happens that today is Saturday. What is Ted to do?

Should he:

A.) Run up and down the street, waiting for people to holler out what they’ve heard through the grapevine?

B.) Drive to the nearest supermarket and grab every other possible publication he can?

or C.) Blow the dust off of his computer, pull up Yahoo! or Google headlines, then proceed to check Twitter for minute-to-minute news updates?

If you said C, then congratulations! Unfortunately, you win no prize. Sorry.

Newspapers may be a dying breed, but the internet age is most likely in it for the long-run. People crave immediate response and therefore social media platforms such as Twitter thrive.

Source: @KrinosGroup

Source: @KrinosGroup

Take the Krinos Group Twitter account for example. We tend to send out about eight to 10 tweets per day. Many of those tweets are news updates from third-party sources like Yahoo! Finance, Bloomberg, Forbes, etc.

So, even though whoever follows us may not follow the other third-party accounts, those people are still getting third-party breaking financial news, tips, and updates of other varieties.

Of course, there are personal accounts, as well as impersonation accounts, that may provide people will false information from time to time, but if you set up an account in which your only purpose was to remain up-to-date on news, there are several verified accounts that can help you stay in the loop.

For daily financial news updates and more, follow us @KrinosGroup.

How much does it cost to be a superhero?

Source: H&R Block

Source: H&R Block

When you were younger, did you ever don a cape and buzz about the house pretending to be your favorite superhero?

Me too.

Most of us have had dreams and aspirations of growing up to be Superman, Batman, Spider-Man, or [insert favorite superhero here]. But, what we don’t realize is that it’s not all beating up bad guys and getting the glory. The are certain fiscal responsibilities that go along with that costume.

Let’s examine two of today’s most popular superheros: Batman and Spider-Man.

When we were younger, we may not have realized that some of the expenditures of leading two lives may prove to be mighty costly; well, maybe more-so for Peter Parker (a.k.a. Spider-Man), than Wayne.

Did you know that the first series of Spider-Man films grossed $2,496,145,679 worldwide? Yea, that’s a pretty big haul. Now, do you know how long it would take Peter Parker to earn that amount of money? About 49,923 years.

Now, when you examine the total haul of the latest Batman franchise, you would find that it hauled in $2,649,224,759 worldwide. So, how long would it take Bruce Wayne to earn that money back? About 19 years.

So, not all superheros are created equal — at least fiscally. Thankfully, H&R Block has provided us with an infographic to better compare the economics of these two “super powers.” Take a look and see if you still want to don the costume.