Do you think that it is impossible to build a balanced investment portfolio if you have very little money to invest? Think again. Using very little money, you can spread your investments across the full spectrum of asset classes – stock-based mutual funds and exchange-traded funds, bonds, and even commodities.
These are my thoughts about my five favorite quotes from Warren Buffett… “Do business with people you like and who share your objectives.”Isn’t there more to life than money? I have met people who I wouldn’t work with for a million dollars, haven’t you? People are people and you will never be completely insulated from people who bug you, but if you are hiring them or choosing to work with them, they might as well be people you enjoy being around.
Ever since I read Rich Dad, Poor Dad about 15 years ago, I have been itching to get into real estate investing. While I don’t agree with everything in that book and he makes it seem just a little too easy, I do think some of the principles of building wealth with real estate are […]
I have been wanting to do some real estate investing for years, but just haven’t gotten around to it yet. We all have our excuses don’t we? But a friend of mine, Brandon Turner, is part of the largest real estate investing website out there (BiggerPockets.com) and has been investing in real estate for years. […]
So, if you want to learn how to build a chair, you should go ask a chair-maker how he does it. If you want to learn how to become a millionaire, you should ask a millionaire how they did it.
You just finished your degree and you are probably looking for your first “real” job. This is the perfect opportunity to decide how you would like your financial life to be. You have the choice to spend and buy whatever you feel like which will likely put you in heaps of debt.
Many investors are more than a bit intimidated when it comes to getting started. They mistakenly assume that investing needs to be complicated in order to be successful. That belief may even cause them to delay investing, or even to never get on board at all. In truth however, investing can be incredibly simple – […]
This is the most basic question when it comes to retirement planning – how much do you need to retire? You really can’t know if you’re saving enough money for retirement unless you first decide what the target is, and that’s what we’ll show you today. The Biblical view of retirement Interestingly, the Bible is […]
If you’re new to investing, you’re probably aware that there are literally dozens of asset classes you can invest your money in. To make it easier for you, we’ve selected 10 classes, and broken them down between traditional and nontraditional, with five assets in each category. 5 Traditional Ways to Invest Your Money If you’re […]
There are literally dozens of ways to invest your money – and account types to invest them in – but one stands head and shoulders above the rest. The Roth IRA may very well be the single best investment vehicle available. While other retirement plans are tax deferred, Roth IRAs are tax free. Do we […]
Many people are perfectly content to not know what’s going on in their investment portfolios. They’re happy to turn the job of investing over to someone else, like a financial advisor, so that they can tend to other things in their lives. And maybe there’s even some comfort in being able to blame someone else […]
If you’re new to investing, picking stocks can be confusing. Even if you have been investing in mutual funds for a while, stocks represent a higher risk investment, and one that requires considerably more research. Before stepping in stocks, you want to make sure that you do plenty of homework. You should also plan to […]
Investing in mutual funds seems simple, but there are so many funds available today that it may not be as simple as it once was. While mutual funds enable you to invest in an entire portfolio of stocks or bonds, there are various sector funds that can raise or lower the risk of your holdings. […]
Don’t look for specific investment advice in this article; I leave that to the experts. However, these commonsense strategies will give you a solid foundation for long-term – and successful – investing.
Annuities are a type of investment, generally provided by insurance companies, designed primarily to provide a steady income . . . .
Retirement planning for a 14 year old? Sounds like a crazy idea. But look closely at the math and you’ll realize those small contributions grow the most.
Investing can be a challenging part of money management. Whether you’re trying to learn the basics of stock investing, or invest in mutual funds, it can be confusing to understand important concepts of risk and return. Betterment is a personal investing account that aims to make investing and saving simple for people and they do a nice job of it.
So you’re saving money for retirement, or thinking about opening an account – that’s great! But should you open a Roth IRA or Traditional IRA? The question inevitably comes up – Which Type of IRA Should I Invest In?
It’s a good question, and there are advantages and disadvantages of both the Traditional IRA and the Roth…
Everyone wants to retire with an adequate amount of retirement savings. However, there are so many factors that cannot be predicted that people often feel overwhelmed when they try to figure out how much they should be saving for retirement. Due to simplicity, it is recommended that you try and establish a set percentage of…
For some reason I get this question a lot in my day job, so I thought I’d provide a little clarification on some of the rules regarding withdrawals from Individual Retirement Arrangements, or IRAs.
IRAs were designed to provide an opportunity for folks to save for retirement on a pre-tax, tax-deferred basis. In other words, the money grows without having to pay any taxes on the gains.