I’m a classic satisficer: I’m usually quick about making decisions and often fall back on the tried-and-true. Some people are optimizers, carefully analyzing almost every choice, whether it’s a new sofa or a cup of coffee.

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If you want to make decent, “good enough” choices about your financial plan and portfolio and get onto other things, what strategies should you employ? And what should you stop doing? Here are some strategies to embrace.

Eliminate ‘onesies’ and embrace simple building blocks

Step away from those individual stocks. Forget I bonds and laddered portfolios of individual Treasury Inflation-Protected Securities. If you’re a satisficer, they’re not for you. Reduce your number of accounts and the holdings within them.

A portfolio with fewer moving parts is easier to oversee and simpler to document in case your loved ones or a financial advisor needs to take the wheel. Moreover, Morningstar research indicates that investors tend to do a better job buying and holding broadly diversified investments than they do ones that are more focused.

While they might not compel over some shorter time horizons, total-market index funds have been highly competitive with actively managed funds on a long-term basis, and they require little to no oversight. That means that satisficer portfolios should be heavy on total market index funds and even all-in-one investments like target-date funds. Satisficers should have as few accounts as possible, too.

Minimize other financial relationships

I’m part of a group chat with some delightful people who are keen to maximize their gains from credit cards and hotel loyalty programs. They’re always sharing tips on new card offers and swapping in and out of cards to score free travel.

These people have traveled all over the world, and there’s something to be said for beating the banks at their own game. They’re also eager to take advantage of free financing programs when buying cars, furniture, and electronics. Why not let the bank float you a loan and invest the funds in the interim, particularly now that you can earn a decent return on your safe money?

Yet as much as the math might argue for such strategies, managing multiple credit relationships requires time, energy, and discipline that most people don’t have to spare. For that reason, taking a minimalist approach to credit cards and other financial relationships is a good policy for most households, especially satisficing ones. My credit-card-optimizer friends might disagree, but I tend to think that a single, well-chosen credit card or two is plenty.

Automate everything you can

The data suggest that dollar-cost averaging is inferior to lump-sum investing. To which I say, “So what?” The fact is, most of us don’t have big lump sums lying around; we’re able to invest only as we earn money and save it.

Making automatic investments addresses a number of financial pain points in a single shot. It eliminates any question marks about whether and when to invest. And if the target investment amounts are high enough and you increase them as you receive pay increases and bonuses, it also obviates the need to track expenses or budget in the traditional sense.

Pay for help if you need it

Here’s another way in which the satisficers may be willing to depart from the optimizers. Yes, paying for financial planning guidance costs money, maybe more than you think it should. (It’s not unusual for good-quality planners to charge $350-$500 an hour or more.)

But if paying for professional financial help frees you up to do other things you enjoy more and it provides peace of mind with your decision-making, it can be money well spent. Moreover, a planner can help point out blind spots that even the most competent DIYers may have missed, while also serving as a valuable receptacle of financial information in caseyou’re unable to manage your own finances at some point. Finally, planners can leverage high-powered software that puts more precision behind decisions like whether to convert traditional IRAs to Roth.

This article was provided to The Associated Press by Morningstar. For more personal finance content, go to https://www.morningstar.com/personal-finance.

ChristineBenz is director of personal finance and retirement planning for Morningstar.

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By DEE-ANN DURBIN, Associated Press Business Writer

Starbucks reported strong fiscal first quarter as holiday drinks and a viral bear cup helped drive sales.

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Same-store sales – or sales at locations open at least a year – rose 4% for the October-December period. That was higher than the 2.3% that Wall Street was expecting, according to analysts polled by FactSet.

Same-store sales in the U.S. were also up 4%, with a 3% increase in transactions and a 1% increase in spending per visit. That was the best U.S. performance for the company in two years.

Shares of the Seattle coffee giant jumped more than 6% before the opening bell Wednesday.

Starbucks Chairman and CEO Brian Niccol said the results were evidence that the company’s turnaround plan is taking hold. Over the last year, Starbucks has been adding staff and equipment to stores to ensure faster and friendlier service and better sequence its mobile orders.

Starbucks is also adding seating and updating stores to make them cozier and more welcoming. Niccol said around 200 stores have been redecorated so far and more than 1,000 will get that treatment by this fall.

“We have a plan, we are working the plan, and the plan is working,” Niccol said Wednesday during a conference call with investors. “The shine is back on our brand, both in the U.S. and around the world.”

Niccol warned that the turnaround may not be linear. But the company does expect to turn around lagging sales this year. Starbucks said it expects global same-store sales and revenue to grow 3% or more in its 2026 fiscal year. Starbucks’ global same-store sales fell 1% in its previous fiscal year.

Niccol said Starbucks delivered record revenue during its holiday launch week. One “Lucky Strike extra,” Niccol said, was the $29.95 glass Bearista cups, which sold out almost immediately after they were introduced. On Wednesday, an authentic Bearista cup was selling for $119.99 on eBay.

U.S. traffic was up despite a strike by more than 1,000 unionized Starbucks workers, who hoped to disrupt Starbucks’ Red Cup Day, which is typically one of the company’s busiest days of the year. Since 2018, Starbucks has given out free, reusable cups on that day to customers who buy a holiday drink. The strike closed some stores, but only briefly.

Some U.S. stores also gained customers after Starbucks closed nearly 600 stores in North America in September. The company said it was closing the stores to focus its resources on better performers.

Starbucks also had a strong quarter in China, where same-store sales were up 7%.

In November, Starbucks announced it was forming a joint venture with Chinese investment firm Boyu Capital to operate Starbucks stores in China. Under the agreement, Boyu will acquire a 60% interest in Starbucks’ retail operations in China, which is valued at $4 billion. Starbucks will retain a 40% interest in the joint venture and will own and license the Starbucks brand.

Revenue rose 6% to $9.9 billion for the quarter, also beating Wall Street expectations for $9.65 billion.

Starbucks said its margins have been pressured by investments in labor as well as tariffs on coffee. But some of those costs should abate as this year progresses, Chief Financial Officer Cathy Smith said. In November, President Donald Trump announced he was scrapping U.S. tariffs on beef, coffee, tropical fruits and a broad swath of other commodities.

Adjusted for one-time items, Starbucks earned 56 cents per share in the quarter. That was lower than the 59-cent profit Wall Street was expecting.

By MEG KINNARD, Associated Press

A third round of “No Kings” protests is coming this spring, with organizers saying they are planning their largest demonstrations yet across the United States to oppose what they describe as authoritarianism under President Donald Trump.

FILE – People protest as part of the “No Kings Day” protest on Presidents Day in Washington, Monday, Feb. 17, 2025, near the Capitol in Washington. (AP Photo/Jacquelyn Martin, File)

Previous rallies have drawn millions of people, and organizers said they expect even greater numbers on March 28 in the wake of Trump’s immigration crackdown in Minneapolis, where violent clashes have led to the death of two people.

“We expect this to be the largest protest in American history,” Ezra Levin, co-executive director of the nonprofit Indivisible, told The Associated Press ahead of Wednesday’s announcement. He predicted that as many as 9 million people will turn out.

“No Kings” protests, which are organized by a constellation of groups around the country, have been a focal point for outrage over Trump’s attempts to consolidate and expand his power.

“This is in large part a response to a combination of the heinous attacks on our democracy and communities coming from the regime, and a sense that nobody’s coming to save us,” Levin said.

Last year, Trump said he felt attendees were “not representative of the people of our country,” and he insisted that “I’m not a king.”

‘No Kings’ shifts focus after Minneapolis deaths

The latest round of protests had been in the works before the crackdown in Minneapolis. However, the killing of two people by federal agents in recent weeks has refocused plans.

Levin said they want to show “support for Minnesota and immigrant communities all over” and oppose “the secret police force that is murdering Americans and infringing on their basic constitutional rights.”

“And what we know is, the only way to defend those rights is to exercise them, and you do that in nonviolent but forceful ways, and that’s what I expect to see in ‘No Kings’ three,” Levin said.

Trump has broadly defended his aggressive deportation campaign and blamed local officials for refusing to cooperate. However, he’s more recently signaled a shift in response to bipartisan concern over the killing of Alex Pretti in Minneapolis on Saturday.

Previous ‘No Kings’ protests have drawn millions across the US

In June, the first “No Kings” rallies were organized in nearly 2,000 locations nationwide, including cities, towns and community spaces. Those protests followed unrest over federal immigration raids and Trump’s deployment of the National Guard and Marines to Los Angeles, where tensions escalated with protesters blocking a freeway and setting vehicles on fire.

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They were organized also in large part to protest a military parade in the nation’s capital that marked the Army’s 250th anniversary and coincided with Trump’s birthday. “No Kings” organizers at the time called the parade a “coronation” that was symbolic of what they characterized as Trump’s growing authoritarian overreach.

In response, some conservative politicians condemned the protests as “Hate America” rallies.

During a second round of protests in October, organizers said demonstrations were held in about 2,700 cities and towns across the country. At the time, Levin pointed to Trump’s sweeping immigration crackdown, his unprecedented promises to use federal power to influence midterm elections, restrictions on press freedom and retribution against political opponents, steps he said cumulatively represented a direct threat to constitutionally protected rights.

On social media, both Trump and the official White House account mocked the protests, posting computer-generated images of the president wearing a crown.

The big protest days are headline-grabbing moments, but Levin said groups like his are determined to keep up steady trainings and intermediate-level organizing in hopes of growing sustainable resistance to the Trump administration’s actions.

“This isn’t about Democrats versus Republicans. This is about do we have a democracy at all, and what are we going to tell our kids and our grandkids about what we did in this moment?” Levin said. “I think that demands the kind of persistent engagement. ”

By CHRISTOPHER RUGABER, Associated Press Economics Writer

WASHINGTON (AP) — Federal Reserve officials are expected to keep their short-term interest rate unchanged Wednesday after three cuts last year, ignoring huge pressure for lower borrowing costs from the White House in favor of waiting to see how the economy evolves.

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The central bank’s rate reductions last year were intended to shore up the economy and prevent a sharper deterioration in the job market, after hiring slowed to a near-crawl in the wake of President Donald Trump’s sweeping tariffs last April. Yet there are signs that unemployment has stabilized and the economy could be picking up. At the same time, inflation remains stubbornly above the Fed’s 2% target. All those trends argue for keeping rates where they are.

A key issue that Chair Jerome Powell will likely address at his news conference Wednesday is how long the Fed will remain on hold. The rate-setting committee remains split between those officials opposed to further cuts until inflation comes down, and those who want to lower rates to further support hiring.

In December, just 12 of the 19 participants in the committee’s meetings supported at least one more rate cut this year. Most economists forecast the Fed will cut twice this year, most likely at the June meeting or later.

Fed officials meet this week in the shadow of unprecedented pressure from the Trump White House. Powell said Jan. 11 that the Fed had received subpoenas from the Justice Department as part of a criminal investigation into his congressional testimony about a $2.5 billion building renovation. Powell in an unusually blunt video statement said the subpoenas were a pretext to punish the Fed for not cutting rates more quickly.

And last week, the Supreme Court took up Trump’s attempt from last year to fire Fed governor Lisa Cook over allegations of mortgage fraud, which she denies. No president has fired a governor in the Fed’s 112-year history. The justices at an oral argument appeared to be leaning toward allowing her to stay in her job until the case is resolved.

At the same time, Trump has suggested he is close to naming a new Fed Chair, to replace Powell once his term ends in May. The announcement could come as soon as this week, though it has been delayed before.

The president’s efforts to pressure the Fed may have backfired, economists say, as Republicans in the Senate voiced support for Powell and threatened to block Trump’s replacement chair.

“The last couple of weeks have been pretty positive for Fed independence,” said Patricia Zobel, a former official at the New York Fed and now head of macroeconomic research at Guggenheim Invesments.

Even so, all the turmoil may have led Powell to hunker down as he nears the end of his term as chair. Vincent Reinhart, a former Fed economist and now chief economist at BNY Investments, noted that Powell has given just one speech touching on the economy since September.

He could be letting other Fed officials take on the job of explaining why the central bank may hold off on rate cuts in the coming months, Reinhart said. It also underscores that the chair does not make decisions on rates alone, he added,

“The contribution of Chair Powell to news about our understanding of the next Fed move has been as small as it’s ever been, over his tenure,” Reinhart said.

Only 12 of the 19 members of the Fed’s rate-setting committee have a vote, including all seven members of the board of governors, the president of the New York Fed, and a rotating group of four presidents from the regional Fed banks.

This year, Beth Hammack, president of the Cleveland Fed; Neel Kashkari, president of the Minneapolis Fed; Lorie Logan, president of the Dallas Fed; and Anna Paulson, president of the Philadelphia Fed, will vote on rate decisions. All have recently expressed some skepticism of the need for further cuts anytime soon.

In a speech earlier this month, Paulson said an improving economy should allow more rate cuts later in the year.

“I see inflation moderating, the labor market stabilizing and growth coming in around 2% this year,” she said. “If all of that happens, then some modest further adjustments” to the Fed’s key rate “would likely be appropriate later in the year.”

Larger-than-usual tax refunds over the next few months should help fuel more consumer spending, economists expect. And faster growth could eventually boost hiring, which has been noticeably weak even as the economy is expanding.

With businesses barely adding jobs, consumers remain gloomy about the economy. The Conference Board’s measure of consumer confidence dropped to an 11-year low in January, the business research group said Tuesday.