There is a right way and a wrong way to begin investing in stocks. But sometimes new investors have to learn the hard way. A coworker recently talked to me about investing in stocks for the first time. He was proud of himself for finally taking the plunge into the market to buy a few shares. And, then I asked him what he had bought. He said that he had bought a couple of shares of Ford Motor Company (Stock Symbol: F). He also bought a few shares of some other well-known blue chip stocks like General Electric, Dow Chemical, Walt Disney, … [Read more...] about You’re Wasting Money Investing In Stocks
While it ranks below feeling connected to family and friends, having your finances in order through good money management ranks right up there with excellent health as an accomplishment that makes for a higher quality of life well into your Golden Years. Unlike excellent health, however, with its uncontrollable genetic component, good money management is, for the most part, available to everyone. Whether you're a natural whiz at managing the ins and outs of your money, or you've worked for years to make it look natural, here are five tips … [Read more...] about 5 Ways to Improve Your Money Management
My wife and I finally received an offer on our home. We had been selling my house, after failing as landlords, for about six months now. Looking back over the time we've owned the home, there have been quite a few lessons we've learned along the way.
Becoming a landlord had been my idea. My wife didn't want to rent out our home after we had to move to a new state thanks to my job. I had dreams of having a real estate portfolio that threw off thousands of dollars in passive income in retirement. It was part of my grand scheme, buckets of … [Read more...] about
We all need a financial team on our side every now and then. You need help making decisions or even just bouncing ideas off of someone else. But we often don't know where to turn for help. Corporations have boards of directors to help them make decisions and draft corporate strategy. You should do the same. Develop your own team of professionals to help guide you through life and the financial decisions you make for your family. Think of your certified financial planner, lawyer, certified public accountant and real estate broker as members … [Read more...] about Build Your Own Financial Team
According to a recent report from the U.S. Travel Association, 40 percent of American workers don't use all their vacation days. The fact that so many Americans feel uncomfortable taking the time off that they've earned is disturbing -- but it doesn't have to be this way.
I remember that when I was growing up, my mother, a high school math teacher in the South, got 15 paid days of vacation every school year. She always said, "I earned them. I'm going to take them." That philosophy stayed with me when I grew up and started my own … [Read more...] about
Is the gold and precious metals turnaround on? As global markets plunge, bullish momentum is driving up the price of gold and investors are standing up to take notice. The Dow Jones plunged by as much as 531 points on Friday 21 August – a massive drop that had investors scrambling to cash out before taking on further losses. The decline marks the biggest drop in 4 years, but it wasn’t the only index that was down. All around the world major bourses slid as news spread of weak growth and slack demand in China. Whenever an evaluation of the … [Read more...] about Is the Gold and Precious Metals Turnaround On?