What's Changed in 13 Years of Writing About the Wealthy
The New York Times: October 11, 2021
What's Changed in 13 Years of Writing About the Wealthy? For one thing, they’ve gotten wealthier....
Malvern Bank will be closed Monday, June 19 in observance of Juneteenth National Independence Day.
October 15, 2021
Hello,
Saving enough for a comfortable retirement and leaving a legacy for the future are the goals many of us have. How close or how far away you are from this aspiration can determine how financially fit you feel.
So tell me, do you feel wealthy?
Brad Klontz, a financial psychologist quoted in the New York Times article below, said: "If you make $50,000 a year, you're one of the top 1 percent richest human beings who has ever walked the earth."
Considering the average U.S. income is $53,490 per year, that information may make the majority of us feel wealthier. It doesn't have to be complicated, and it mainly comes down to keeping a few good habits. Many multi-millionaires have built their wealth using simple and sound money management concepts we all can adopt:
When it comes to investing, everyone has what they believe to be their risk appetite. Some are risk-averse and prefer to invest in relatively safe CDs and money market accounts.
Others invest in the stock market, which may create volatility in their portfolio but has the possibility for great growth. Which are you?
You can find out by taking a risk analysis survey. We can help take some of the guesswork out of determining your personal risk profile.
Take care and keep in touch.
Sincerely,
Anthony C. Weagley
President & CEO
Malvern Bank, National Association
Beyond Your Expectations ™
Office : 610.644.9400
Bell Rock Capital, an SEC Registered Investment Advisor, is working in affiliation with Malvern Bank, NA. Products offered are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other federal or state deposit guarantee fund or other government agency; Not endorsed or guaranteed by the bank or their affiliates; and are not deposits or obligations of the bank and are not guaranteed by the bank, and are subject to investment risk, including potential loss of principal.
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The New York Times: October 11, 2021
What's Changed in 13 Years of Writing About the Wealthy? For one thing, they’ve gotten wealthier....
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