Money

If You Insist on Trading Stocks, Then Do It This Way

Filed in Money by on December 8, 2016 0 Comments
If You Insist on Trading Stocks, Then Do It This Way

In spite of my admonitions and those of most other finance experts, many people still insist on actively trading stocks in an attempt to beat the market. If you are one of these people, then I recommend you at least consider using the following principles in your active trading strategy so you have a higher […]

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To Be Financially Secure, You Must Change Your Relationship With Money

Filed in Money by on January 14, 2016 2 Comments
To Be Financially Secure, You Must Change Your Relationship With Money

This is my second post on New Year’s resolutions, with this one focused on how to improve your finances. Many people choose to have spending and saving goals for the new year. This is wise, because if you don’t maintain some sort of financial plan or target, your random daily spending decisions during the course […]

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The Simple, Once Per Year Money Management Exercise Everyone Should Perform

Filed in Money by on October 22, 2015 0 Comments
The Simple, Once Per Year Money Management Exercise Everyone Should Perform

I realize that most people like budgeting about as much as they enjoy going to the dentist, so I’m not going to tell you that you need to create a detailed household budget. It would be useful, but most people just aren’t going to do it. However, there is one simple money management exercise that […]

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The Rational Way to Think About the Investment in Your Home

Filed in Money by on July 30, 2015 1 Comment
The Rational Way to Think About the Investment in Your Home

In previous posts I have advocated investing in a home as a way to build wealth. Renting for long periods is generally a bad idea because you are not taking advantage of a U.S. tax code that incentivizes home ownership, and you are not building wealth in the form of home equity. Now I want […]

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How Much of My Children’s College Education Should I Save and Pay For?

Filed in Money by on April 2, 2015 1 Comment
How Much of My Children’s College Education Should I Save and Pay For?

      This might be one of the most difficult financial decisions parents have to make. Every household has limited finances, and the cost of a college education has skyrocketed in the last couple of decades. Also, many professions now require a master’s degree (post-college graduate education), so it is not unlikely that you […]

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The Only Proven Way to Consistently Beat the Market

Filed in Money by on January 15, 2015 0 Comments
The Only Proven Way to Consistently Beat the Market

Everyone who invests has the same question: how can I beat the market? There actually is a way, but it has nothing to do with actively trading stocks, which as I have already said is a fool’s game. You’ve probably never heard of this particular method of beating the market. This might make you suspicious […]

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More Financial Advice to Pass Along to Your Young Adult Child

Filed in Money by on November 27, 2014 3 Comments
More Financial Advice to Pass Along to Your Young Adult Child

I received a lot of positive feedback on my recent post, “6 Key Pieces of Financial Advice for Your Young Adult Child,” so this article expands on that topic. One of my readers said it would be helpful if I would discuss what her adult daughter should focus on, financially, as she progresses through her […]

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6 Key Pieces of Financial Advice for Your Young Adult Child

Filed in Money by on September 18, 2014 2 Comments
6 Key Pieces of Financial Advice for Your Young Adult Child

One of my readers asked me what financial advice I would give to a young adult. She was concerned that her recently college-graduated daughter might begin making money mistakes, such as overspending on credit cards, which would jeopardize her finances. She said if I did a post on this topic she would pass it along […]

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The One Type of Investment You Must Avoid

Filed in Money by on August 14, 2014 4 Comments
The One Type of Investment You Must Avoid

One major reason why people fear investing is that financial institutions have created so many different types of investment products that it is nearly impossible to choose among them. This is somewhat just the nature of a market economy, whereby every possible “flavor” of a product is offered for sale by companies to consumers. Unfortunately, […]

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What Happens If My Mutual Fund Company Goes Broke?

Filed in Money by on June 5, 2014 0 Comments
What Happens If My Mutual Fund Company Goes Broke?

Some of the people I assist with financial planning have been astute enough to ask the following question: “So you recommend Vanguard as an excellent mutual fund company to use for my investments. Well, what happens if Vanguard goes bankrupt? Shouldn’t I spread my money around to more than one mutual fund company? You’ve told […]

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