During this time, it may be comforting to remember that you are not alone. Everyone is wondering what the future holds for the Coronavirus (COVID-19). Everyone has the same fears and anxiety that you may be feeling right now. When it comes to your investments, all you can really control is how you react. Sticking…
How quickly they grow up. Spend a few minutes talking to parents whose children are now grown up and you might hear a common refrain that goes something like this: the years go by so fast, one day they were in diapers and the next day they were moving out of the house. When a…
If you, your spouse or life partner would pass away or if you become disabled and are unable to work, your family could potentially lose your home. These are unpleasant yet realistic considerations. Today, many households depend on two income earners in order to meet the mortgage payment and monthly expenses. Alerus experts see all…
You’ve probably seen news about the Federal Reserve raising the prime rate, which trickles down to the interest rates charged and paid by banks, credit card companies and others. But what does this really mean for you or for your business? First, some perspective: Rates are still historically very low. But even when rates rise,…
When was the last time you reviewed your mortgage to make sure it was providing you with all the financial benefits possible? A mortgage is the largest investment many of us will make in our lives, but the longevity of a mortgage loan can make it easy to “set and forget,” resulting in missed opportunities…
An emergency fund is like building cardio in your exercise routine. It strengthens your daily financial wellness (like your heart and lungs), increases your long-term financial health (similar to your metabolism) and can lead to a longer, more financially fit life. Without an emergency fund, you may have to rely on credit cards, a loan…
Deposit products offered by Alerus Financial, N.A. Member FDIC.
*There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
** Dollar cost averaging involves continuous investment in securities regardless of fluctuation in price levels of such securities. An investor should consider their ability to continue purchasing through fluctuating price levels. Such a plan does not assure a profit and does not protect against loss in declining markets.
The information contained herein is general in nature, is provided for educational purposes only, and should not be construed as legal or tax advice. Alerus does not provide legal or tax advice. The information should not be relied upon as investment advice or solicitation. Statements of fact are considered reliable but no representation or warranty is made as to their completeness or accuracy. Always consult your legal or tax advisor, to determine how this information may apply to your own situation.