In talking with a book editor the other day, he explained to me that the best selling books were about trading options and market timing. He said, basic personal finance books were not selling well. I was so distressed with that information because basic and simple investing strategies lead to greater investment success than fancy market timing and trading strategies.
Wise asset classes allocations boost long term returns. A 7% long term return is possible.
Cash Investing? A typical portfolio includes stock financial assets, bond type assets, and pinch of cash in its asset allocation. In
Cut Investing Fees and Save Thousands I was pleased to receive this question important from Larry Russell an accomplished investor, software developer, financial planner and editor of The Skilled Investor Blog; “What should investors do once they understand that the financial industry takes over 1/3 of their gross investment returns every year, while it adds only a small fraction of that in value?” Not only is Larry asking this question, but so are many of my readers. If You’re Smart-You Can …
Recommended Investing and Money Articles and Links Many years ago, I was terrified of the stock market. I thought it would steal all of your money. With depression-era parents, the anecdotal information about the stock market crash of 1929 seemed frightening. I believed that you could lose all of your money if you invested in the stock market. I started investing in my 20’s with a traditional stock broker and various versions of bonds and bond funds (and 1 stock recommended by my cousin).
6 Step Plan to Decide Where to Invest for Retirement Monica from MonicaOnMoney.com asks; Should I contribute to a Roth IRA or a 401(k), if I can’t fund both? (Thanks for answering, I love this idea for your blog) This is a common question for those just starting out. A 20-something, in her first job is automatically enrolled in her workplace 401(k) program. That’s a good thing, since it gets her money working and growing for the future! But, wait a minute, is the company 401(k) the best choic…
Retirement Statistics + Educational Money Reads Don’t forget that money is a means to an end, not an end itself. One of life’s biggest challenges is balancing competing demands. With work, family, leisure are all vying for our attention, it’s tough to figure out how to find time and money to save for the future. As we know, money doesn’t necessarily equal happiness, yet it does solve money problems. One of my tricks to keep things in perspective is to consider what I’m doing today that will m…
Investing and Financial Success I had the pleasure of being recruited at an important financial conference to give my best finance and tips to become a successful investor. It was not only fun to talk about what works in wealth building, but also great to do it ‘on camera’. I love to share the ways to become a successful investor and the more you get the steps and strategies to build wealth, the fewer financial stresses you experience. Smart small and you’ll be amazed at how a few money chang…
Financial and Societal Consequences of Globalization The global economy continues to be in the forefront of the media. In a recent Wall Street Journal article, “U.S. Firms Move Abroad to Cut Taxes”, several U.S. companies are profiled as they move their headquarters abroad to save on taxes. This particular cost cutting strategy impacts consumers as lower taxes for a corporation leads to greater profits which can be used to stabilize consumer prices. Globalization has massive impacts on our ec…
Is the Investing Industry Trying to Scr*w You? Once in the dear dead days beyond recall, an out-of-town visitor was being shown the wonders of the New York financial district. When the party arrived at the Battery, one of his guides indicated some handsome ships riding at anchor. He said, “Look, those are the bankers’ and brokers’ yachts.” “Where are the customers’ yachts?” asked the naïve visitor. –Ancient story I started this website to give you a cheap alternative to build wealth with inv…