Money Management

Why Is the Market Down? What to Do About a Market Drop

Why Is the Market Down? What to Do About a Market Drop

By in Economics, Investing, Money Management | 2 comments

Learn What to Do About a Market Drop August 24, 2015 Friday was a wake-up call for investors who thought the markets only went up. It capped a week of pain and suffering across the major market indexes. In fact, this was the worst week for U.S. stocks in 4 years according to the August 22, 2015 Wall Street Journal headline article by E.S. Browning, “Stock Plunge Picks Up Speed”. With worries about China’s economy, Europe or specifically Greece still mired in debt, and lagging oil prices the markets are reacting. Investors are also on edge about a pending...

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Use the Premortem and Prevent A Big Investing Mistake

Use the Premortem and Prevent A Big Investing Mistake

By in Asset Allocation, Economics, Investing, Money Management | 0 comments

Do a Premortem to Avoid the ‘Buy High – Sell Low’ Problem We’ve all heard the old adage: Buy low – sell high But how many investors actually follow this ‘best investing practice’? Are you guilty of this big investing mistake? Turns out, there are reams of data about how investors consistently make this big investing mistake; buy high and sell low. You’ll learn about how this happens, and how to counteract this expensive wealth-reducing investing strategy.  Over decades of investing, I’ve seen this same big investing mistake replayed over and over again. Specifically, the market dives-investors panic and sell. Then,...

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Personal Finance Luminary-The College Investor

Personal Finance Luminary-The College Investor

By in Debt, Mind and Money, Money Management, Personal Finance Luminaries | 0 comments

Personal Finance Luminary Series-Robert Farrington Welcome to an inside look into some of the most important personal finance luminaries online. These influential people educate and entertain others about money topics. From authors to podcasters to writers, these money mentors are working to raise the level of financial knowledge and education.  Read more about Personal Finance Luminaries >>> Personal Finance Luminary College Investor-Robert Farrington Enjoy this interview with Robert, personal finance luminary college investor, one of my favorite online inspirations. 1. What is your background and money/financial influences? I honestly started blogging about personal finance because I was bored and I’ve always...

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Why Delay Social Security Benefits? To Boost Long-Term Wealth

Why Delay Social Security Benefits? To Boost Long-Term Wealth

By in Money Management, Retirement | 5 comments

Do you spend more time making money than you do managing the money that you already have? For those of us tiptoeing toward the Social Security (S.S.) deadline, did you know that by appropriately managing your benefits, you can earn tens of thousands more dollars or more in retirement? That’s right, managing when you and your partner take your Social Security benefits can be equivalent to giving yourself a juicy raise in your retirement paycheck.  How Can I Tell if I’m On Track for Retirement?>>>> By poking around the Social Security Website you may even uncover more data about...

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The Top 7 Investing Mistakes to Avoid

By in Guest Post, Investing, Money Management, Tips | 2 comments

The Top 7 Mistakes Investors Make Investing smartly can increase the likelihood of a prosperous and secure financial future. The problem? Many make costly investing mistakes — and often, repeat the same missteps, which prevents their wealth from growing as much as it could. Often, such errors can be avoided by following the guidance of a knowledgeable financial advisor with advanced degrees and training in the field. In fact, there is a reason that such professionals are in high demand, many people don’t know or understand the intricacies of investing. Simply being aware of the most common investing mistakes, though,...

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What Not to Do With an 401(k) Rollover

What Not to Do With an 401(k) Rollover

By in Advanced Investing, Asset Allocation, Automatic Saving, Investing, Money Management, Mutual Funds, Retirement | 0 comments

The 401(k) Saga-Don’t do This! Financial professionals frequently suggest rolling over your 401(k) into an IRA when you leave a job. The down side of leaving your retirement account with the old employer means you’re subject to their fee structure and investment options. If you rollover your 401(k) into an IRA-you gain control! Advantages of a 401(k) Rollover into an IRA You choose; where to house your money. Already have an account with Schwab, Fidelity, Vanguard, ETrade or another discount broker? You can transfer the funds into the same company. You may make money rolling over your account. We...

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