Connect with us

CBS News

3 critical investing mistakes to avoid right now

Avatar

Published

on


gettyimages-1394989557.jpg
In today’s economy, it’s crucial to avoid making simple investing mistakes.

Getty Images


While inflation is much cooler than it was around this point two years ago, the optimism starting the year has significantly waned. Thanks to a series of disappointing reports showing inflation still running hot — and the Federal Reserve maintaining its elevated benchmark interest rate range — many have found themselves looking for alternative ways to safeguard their money. This extends to investments, particularly those that can act as a safe haven while others perform with more volatility.

That said, while it’s critical to know which investments to get involved with (and when to get out of them), it’s equally important to know which mistakes to avoid, particularly in today’s economy. To that end, below we’ll break down three major investing mistakes to avoid making right now.

Boost the value of your portfolio by investing in gold today.

3 investing mistakes to avoid right now

Here are three important investing mistakes all investors should try to avoid making today.

Not investing in gold

The price of gold has surged in recent months, partly due to its reputation for hedging against inflation and diversifying portfolios. These are beneficial features in most economies, but especially now. With a wide array of gold investing types, ranging from gold IRAs to gold bars and coins to gold stocks and futures, now is a great time to get invested, regardless of your age or income. 

That said, gold is more of a haven designed to protect your other assets versus being a steady income producer on its own. So, investors should generally limit their investment to 10% or less of their overall portfolio.

Get started with gold here now.

Not diversifying your portfolio

A diversified portfolio has a better chance of success instead of one tied up in one particular asset. So, make sure to diversify your portfolio as appropriate (a financial advisor can help determine the right types of assets in the right amounts). Stocks, bonds, real estate and gold can all combine to form a healthy and relatively secure portfolio but, of course, the specifics will be dependent on your investor profile. Just don’t get overly invested in one type. 

Not keeping a close eye on the economy

The market is constantly evolving and a smart investor will always want to keep a close eye on those developments. So be sure to know when the next inflation report will be released (May 15), when the next jobs report comes out (the first Friday of the month), and when the next Federal Reserve meeting will be held (June 11 to June 12). The news that’s released on these days will affect the market and your investments and may provide opportune times to get invested in one asset or sell off another. But you won’t know precisely when to act unless you’re closely monitoring today’s evolving economic climate.

The bottom line

With inflation stubborn, interest rates at their highest points in decades and elevated political turmoil both overseas and here in the United States, investors must avoid some painful mistakes right now. To that end, it’s worth considering the benefits of gold. Similarly, it’s important to make sure you have a diversified portfolio — or make moves toward developing one now. And be sure to keep close tabs on the economy for opportunities to get involved in new investments or sell off old ones. By strategically avoiding these errors, investors will be better positioned to see their investments flourish, both this season and in the months and years ahead. 



Read the original article

Leave your vote

Continue Reading

CBS News

U.S. Justice Department demands records from Sheriff after killing of Sonya Massey

Avatar

Published

on


SPRINGFIELD, Ill. — The U.S. Justice Department is demanding records related to the July shooting death of Sonya Massey — an Illinois woman who was killed in her home by a sheriff’s deputy — as it investigates how local authorities treat Black residents and people with behavioral disabilities.

The government made a list of demands in dozens of categories in a letter to the Sangamon County Sheriff’s Office, dated Thursday.

“The Sheriff’s Office, along with involved county agencies, has engaged in discussions and pledged full cooperation with the Department of Justice in its review,” Sangamon County Sheriff Paula Crouch said Friday.

Sonya Massey, a 36-year-old Black woman, was killed July 6 when deputies responded to a call about a possible prowler at her home in Springfield, Illinois. She was shot three times during a confrontation with an officer.

The alleged shooter, Sean Grayson, who is White, was fired. He is charged with murder and other crimes and has pleaded not guilty.

“The Justice Department, among other requests, wants to know if the sheriff’s office has strategies for responding to people in “behavioral health crises,” the government’s letter read. “…The incident raises serious concerns about…interactions with Black people and people with behavioral health disabilities.” 

Andy Van Meter, chairman of the Sangamon County Board, said the Justice Department’s review is an important step in strengthening the public’s trust in the sheriff’s office.

At the time of the fatal shooting, the Sangamon County Sheriff’s Office was led by then-Sheriff Jack Campbell, who retired in August and was replaced by Crouch. 

Deputy Sean Grayson’s history of misconduct 

Grayson has worked for six different law enforcement agencies in Illinois since 2020, CBS News learned. He was also discharged from the Army in February 2016 after serving for about 19 months. He was hired by the Sangamon County Sheriff’s Office in May 2023. 

In an interview with CBS News in early August, Campbell said that Grayson “had all the training he needed. He just didn’t use it.”

In a recording released by the Logan County Sheriff’s Office, where Grayson worked from May 2022 to April 2023, a supervising officer is heard warning Grayson for what the senior officer said was his lack of integrity, for lying in his reports, and for what he called “official misconduct.”

Girard Police Chief Wayman Meredith recalled an alleged incident in 2023 when he said an enraged Grayson was pressuring him to call child protective services on a woman outside of Grayson’s mother’s home. He said Grayson was “acting like a bully.” 

The recording and Meredith’s description of Grayson’s conduct showed how he quickly became angry and, according to documents, willing to abuse his power as an officer.    

Sangamon County Sheriff’s Office history of accusations 

According to a review of court records in 2007, Massey’s killing was the only criminal case in recent history against a Sangamon County Sheriff’s Office deputy for actions on duty. Local officials characterized her shooting as an aberration.  

However, CBS News obtained thousands of pages of law enforcement files, medical and court records, as well as photo and video evidence that indicated the office had a history of misconduct allegations and accountability failures before Grayson. The records challenged the claim that Massey’s death was, as said by the then-sheriff, an isolated incident by one “rogue individual.” 

Local families were confident that Massey’s death was the latest in a pattern of brazen abuse that has gone unchecked for years.

Attorneys for Massey’s family recommended an updated SAFE-T Act that would expand an existing database used to track officer misconduct to include infractions like DUIs and speeding during police chases.



Read the original article

Leave your vote

Continue Reading

CBS News

“CBS Weekend News” headlines for Saturday, Nov. 16, 2024

Avatar

Published

on


“CBS Weekend News” headlines for Saturday, Nov. 16, 2024 – CBS News


Watch CBS News



Here’s a look at the top stories making headlines on the “CBS Weekend News” with David Wade.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Read the original article

Leave your vote

Continue Reading

CBS News

How this new car runs without gas or electricity

Avatar

Published

on


How this new car runs without gas or electricity – CBS News


Watch CBS News



As climate change intensifies, the race for a more eco-friendly car has revved up. Itay Hod reports on the newest twist on travel.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Read the original article

Leave your vote

Continue Reading

Copyright © 2024 Breaking MN

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.