Asset allocation is a cornerstone of creating a diversified investment portfolio. “Asset allocation is an investment strategy that aims to balance risk and reward by apportioning a portfolio’s assets according to an individual’s goals, risk tolerance, and investment horizon. The three main asset classes – equities, fixed-income, and cash and equivalents – have different levels of risk and return, so each will behave differently over time,” ~Investopedia.com After you choose your asset allocation, investment rebalancing keeps your chosen portfolio mix in alignment with your initial goals. Although there’s chatter that this task increases returns, there’s little data to support this theory. The reason investors rebalance an...
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Empower Your Investing: Adopting Best Practices From John Templeton, Peter Lynch, and Warren Buffett I regularly receive free books to review and unfortunately, can’t study every title that arrives. But Empower Your Investing – Adopting Best Practices From John Templeton, Peter Lynch, and Warren Buffett by Scott Chapman, is unique. It reads like a biography and offers invaluable investment guidance. The book is scrupulously researched and and delves into the inner workings of three of the greatest investing minds and their backgrounds. If you want to be a successful investor, why not learn from the best? Research shows that...
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Why Contribute to a Health Savings Account? A health savings account may be the best kept investing and health-related secret. Yes, you may use your HSA account for medical expenses. However, if used strategically, this account can also grow your wealth—tax free—and/or lower your taxes as you contribute. Plus, an HSA has magnificent investment potential. How do HSA’s Work? To take advantage of the power of an HSA, decide if you’re eligible to open an HSA. Next, learn the contribution limits and how to open an HSA. Then learn the tips to using your HSA to pay for medical...
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“You only have to do a very few things right in your life so long as you don’t do too many things wrong.” ~Warren Buffett (source; BrainyQuote.com) Best Investment Strategies for 30 Year Olds Get the specific, actionable steps to become a millionaire if you are in your 30s. Use this financial advice for 30 somethings as a step-by-step guide for wealth building. Investing at 30 might seem a bit early to some, but by starting when you’re young, you’ll need less money to reach a million dollars at retirement, than if you start later. Don’t stress if you...
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The Fed and My Investments-Will They Go Up or Down? Whispers abound that the Fed intends to lower interest rates. Even a hint of declining interest rates can cause the stock market to rise. Learn about how interest rate movements can impact your investments. Investing is both science and art. One can do everything right and still watch their investments fall. That is because as much as we might believe to the contrary, investors are not completely rational. Read any behavioral finance book and you will see multiple examples of investor stupidity. Remember the dot-com bubble bursting in 2000?...
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Quicken vs. Personal Capital: Which One Will Handle Your Money Better? The one thing that every successful person does is properly manage their finances. To help you make the best financial management software choice, read this Quicken vs. Personal Capital review. You’ll get an in depth look at the features of the free Personal Capital Dashboard and the paid Quicken program, along with pros and cons of both. I’ve used Quicken for decades and Personal Capital for less than three. Yet, when I was introduced to Personal Capital, I linked up my accounts (very quickly) and was blown away...
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