Investment Temperament Trumps Investment Intelligence – 7 Rules for Successful Investing

401k Retirement Plans

The following is a guest post by Larry Swedroe, co-author of “”. If you’d like to contribute a guest post to Money Q&A, check out our guest posting guidelines. Warren Buffett famously once said, “Success in investing doesn’t correlate with IQ. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people in trouble investing.” Temperament trumps intellect because having the right temperament allows you to ignore the “noise” of the market and be a patient, disciplined investor, adhering to your well-thought-out financial plan through the inevitable bad times — times when even good strategies deliver poor outcomes. 7 Rules for Successful Investing My almost 25 years of experience as a financial advisor … Read more

Life Insurance – The Importance and How to Choose the Best Quotation

How Life Insurance Works

Insurance is something that we usually hope to never use, but when we do, it can be very beneficial. There are all kinds of insurance products on the market today. There are insurance policies for our homes, our cars, our health, our physical property and even for tickets to concerts and sporting events. Life insurance is one more of the common insurance types. Most people have some sort of life insurance policy through their employer or their spouse or partner’s coverage. There are a wide variety of policies with varying coverage amounts, dollar values, and other benefits. Life insurance is important because it can cover funeral expenses and other associated costs. It can also help your loved ones pay bills … Read more

How to Tell Your Children that Santa Is Broke This Year

How To Tell Your Children That Santa Is Broke This Year

What do you tell your children when times are tough? Is Santa affected by the recession too? How do you tell your children Santa is broke? One of the worst mistakes that we can make is to pretend that nothing is wrong and continue operating in the same manner that we always have during the holidays when our family is struggling financially. It becomes hard to maintain the status quo when times are tough, and it is especially tough around Christmas and the holidays. And, trying to continue the same way is a horrible mistake. We get used the good times with tons of presents under the tree, showering friends with presents, and decorating your home like an Oswald. But, … Read more

Five Ways to Make Holiday Gift Giving Perfect This Year

Ways not to go into debt this Christmas

You may not be ready to think about it yet, but Christmas as the holiday season is rapidly approaching us. And, we all know that the holidays are an expensive time of the year. One reason is that we are a very generous society and love holiday gift giving. One recent survey found that Americans spend over $500 per year on gifts for our friends and family. We love to give and giving can quickly add up and become a budget buster. But, there are a few ways that you can make this a perfect year and still give gifts that make you just as happy as those who receive them without living a case of buyer’s remorse or a … Read more

Why Socially Responsible Investing May Not Be Great for Your Investment Returns

In conjunction with present-day debates about pressing issues like climate change, unfair labor practices, green energy, and skyrocketing obesity rates, investors are becoming more aware of the roles their money could play in perpetuating societal ills. This has led to the rapid expansion of socially responsible investing (SRI). SRI allows investors to exclude certain types of companies or industries from their investment portfolios based on their own moral values. This sounds like a great idea…in theory. In practice, SRI is much more complicated, and focusing primarily on socially conscientious investments could potentially limit your success in the stock market. While SRI may be beneficial for our global society, it may not be the best strategy for your individual portfolio. If … Read more

How to Rebalance Your Credit File After a Rocky Spell Financially

Your Credit Score May Be Costing You Thousands of Dollars

In this day and age, it’s all too easy to fall into a trap of getting yourself into a little bit of debt here and there. With finance companies making it easier than ever to sign up for buy now and pay later schemes, it’s no wonder that the US is in approximately $21 trillion of debt. Not only does being in debt affect your way of living, but it can also affect your ability to apply for mortgages and loans in the future. So today, we’re looking at some options that you can take so that you can rebalance your credit file after a rocky spell. Check it out: Keep an eye on your credit score You’ve probably seen … Read more