If it is about deciding what cereal box I should buy, what I decide has little consequence. But indecision when it comes to money matters can prove… well, expensive! Thankfully, some decisions aren’t that hard! I’d like to invest in the stock market, but don’t know which stock to buy! Is Coca Cola better than [...]
I see similar questions being asked in investing forums all the time. Heck, at one point in my life, I pondered over this too! If you can afford to set aside just $100 every month towards investing, the most common advice given is not to invest at all, but save up till you have a [...]
con·trar·i·an A person who takes a contrary position or attitude Contrarian is a term that is usually applied towards investing. That is, you buy when others are selling and sell when others are buying. You buck the trend by going against the popular market sentiment. Warren Buffett became the third richest man on this planet [...]
If you happen to have a windfall – inheritance, winning the lottery or a large tax refund, is it better to invest it all at once or spread it out over a period of time? This is one of those questions that does not have a straight answer, and depending on who you ask, you [...]
Managed a 10% return last year? Not good enough – the S&P returned 12%! Beating the market is all the rage these days (and has always been at Wall Street). Take the ad for any actively managed mutual fund, the benchmark is not whether the fund made money for you, but whether they beat the [...]
Want a solid retirement plan but don’t want to spend too much time setting up one? You are not alone! Millions of Americans are ill-prepared for their retirement and without a plan. Don’t wait till it is too late.
The Five Minute Retirement Plan might just be your answer!
I am super excited to host this week’s Carnival of MoneyPros! Here are some of the finest posts that made the cut. Melissa @ Mom’s Plans writes A Date with Finances Year Two – Last year, I declared a money week to deal with some financial issues I had been putting off. I thought it [...]
As a card wielding consumer who believes in paying off the balance in full every month, I think I’m entitled to getting back the 2% to 3% surcharge that businesses tack on to their products, as the cost of doing business via credit cards. I call this Return on Expenses. For those who use a [...]
Royalty trusts are a great way to add income to your portfolio. The fact that you can reduce the taxable portion of your ‘royalties’ by factoring in administrative expenses and depletion is an added bonus. The downside is you have to calculate those expenses yourself based on the Tax preparation booklet Royalty trusts will send [...]
For this month’s link roundup, I thought I’ll try a different format. Let me know how you like it! Did You Know… The word “internet” first appeared in the Washington Post on 9/26/1988 – Robert@DIY Investor The average income of millionaire households is approximately $350,000 (~5x the national average) – Roshawn@Watson Inc Contributions can be [...]