Are you getting the best rate of return on investment? Kiplinger's Personal Finance Magazine annually discusses ways to boost your investment yield in its latest issue. I have to say that I am always pretty disappointed with their recommendations. I love the magazine, but I didn't really care for a list of mutual funds and Exchange Traded Funds (ETFs). But, I wanted concrete ideas on how to earn a 10% annual rate of return on my investments. US Treasuries are earning less than 1% and money market funds are not fairing much better. Certificates … [Read more...] about The Ultimate Guide to Earning a 10% Rate of Return on Your Investments
How many mutual funds do you invest in? Do you have several funds spread out between Roth IRAs, or do you invest in several mutual funds through your company’s 401k retirement plan? Do you know which stocks those funds invest in? You may suffer from mutual fund overlap. You may be surprised to learn that many of these mutual funds overlap. There can be a real danger in overlap, and you may not as diversified as you think. What Is Mutual Fund Overlap? When a mutual fund does well, investors pile into the investment. Eventually, you wind … [Read more...] about Do Your Investments Suffer From Mutual Fund Overlap?
A recent survey by MFS Investment Management, the nation’s oldest mutual fund company, found that young investors are staying away from the stock market and holding large cash positions. In fact, the survey shows that the youngest investors, those of Generation Y, are actually increasing their cash positions in their nest eggs while shunning the stock market to a large degree. While it can make young investors have a little better feeling when they try and simply protect their principle, far too many young investors have too much of their … [Read more...] about Young Investors Hold Too Much Cash in Their Portfolios
Things are looking up with the economy as more economic indicators are turning positive. In the past couple of weeks, we have seen positive signs from unemployment, housing starts, consumer spending, and of course the stock market. But, how can you have a financial recovery? But, there are a few ways that you can trip yourself up and screw up your own personal financial recovery. It does not have to be that way though. You can avoid these stumbling blocks and continue your own recovery. Three Ways to Ruin Your Financial Recovery Not … [Read more...] about Three Ways To Ruin Your Own Financial Recovery
The coronavirus pandemic has thrown most non-essential business operations and work schedules into disarray. Many companies have laid off their employees, and many are unsure of when they'll receive their next paycheck. Adopting new saving habits is a smart move during these uncertain times. Save money during the COVID19 is almost inevitable if you wish to get by. While your finances may seem messed up at the moment, worry not. I have come up with five ways to help you free up some cash and rack up your savings. Don't Stockpile … [Read more...] about 5 Simple Ways to Save Money During the COVID19 Pandemic and Beyond
The following is a guest post by Vicky Oliver, the best-selling author of five books, including 301 Smart Answers to Tough Interview Questions. In this guest post, she writes about thriving in an open workspace. If you'd like to be considered for a future guest post on Money Q&A, check out our guest posting guidelines. We've become accustomed to looking to the tech industry for innovation when it comes to how we communicate. But one idea that tech mavens made popular, the open workspace office plan, is proving to be a flop -- … [Read more...] about 5 Strategies for Surviving the Open Workspace Office Plan
To those who find it a challenge to manage their finances around one mortgage, the idea of buying a second home can seem like a stretch. There are good, workable ways to approach the idea of a second home. They call it the property ladder for a reason - once you have one home, moving to more properties becomes easier. Aiming to buy a second or third home shouldn't even count as financially ambitious. Buying a Second Home If you're like most middle-class families, you probably need to plan for and income of £50,000 a year once you … [Read more...] about