Market volatility is on everyone's mind but how can you protect your finances from the ebb and flow of the market? Chris Hutchins, Founder and CEO of Grove, joins Your Cheddar to discuss how to prepare yourself financially if you want to jump into investing.
Hutchins recently launched Grove, a financial planning service that combines personalized financial advice and technology. He talks about why some people may want a human financial advisor rather than a robot or app. In addition, he predicts what the future of financial automation will be.
Plus, Hutchins is a former partner at Google Ventures where he invested in multiple startups. He gives three pieces of advice for people looking to raise capital: have a passion for what you're doing, have a great team of people and produce a product that is proven to enhance the lives of customers using it.
Investors weren't jolted by the downgrade because they already know the fractured state of U.S. politics, the size of the country's public debt, and the challenges it faces to pay for Social Security, Medicare and other expenses.
The national average for gas prices stood at about $3.78 a gallon on Tuesday — about 25 cents higher than that seen one month ago, according to motor club AAA. While today's prices at the pump remain far lower than they were last year, when energy costs soared worldwide in the months following Russia's invasion of Ukraine, experts say such a jump is unusual.
