Investing

The following is a guest post about diversification by Robert F. Roby, author of Wealth Simplified: The Secrets of Everyday People Who Retire Richer, Happier, and Earlier. If you’d like to submit a guest post to Money Q&A, be sure to check out our guest posting guidelines. A common refrain used by investors and advisors to describe diversification is “Don’t put all of your eggs in the same basket.” In its most simplistic terms, diversification means allocating your investment dollars to a variety of different assets, such as stocks, funds, bonds, and deposit products, within different sectors of the economy. Diversification typically involves investing in companies of different sizes, both large and small alike, in different industries and different sectors, … Read more

Although leasing a car is typically viewed as a not-so-financially savvy decision, there are certain situations in which leasing a car can actually be the best possible option. Whether you really like having the latest safety upgrades in your vehicle or perhaps you’re planning to move cross-country or overseas within a couple of years, leasing a car can be a good fit for your situation. And you might even be able to make a profit from it! What about thrid party auto lease buyouts? Did you know that some lease lending companies allow consumers to sell their leased vehicles to third parties? And, if demand for used cars is high – like it is in 2021 – then you could … Read more

Sales of timeshare vacation rentals have been consistently growing for the past 10 years, according to the American Resort Development Association (ARDA)’s State of the Vacation Timeshare Industry 2020 U.S. report. The same report also found the average weekly timeshare sold for more than $22,000, resulting in more than $10.5 billion in American consumer spending on timeshares in 2019. But how can this be? Aren’t timeshare investments known for being terrible money pits? Not necessarily. As this comparison from Consumer Reports shows, the first several years of timeshare ownership make little financial sense until you reach a point where the costs of renting similar accommodations for the same timeframe would have outweighed the costs of the initial timeshare buy-in and … Read more

It’s a tricky situation for landlords and tenants alike when rent is due, and the tenants cannot pay it for whatever reason. On the one hand, many landlords strive to be compassionate, understanding that life circumstances like unexpected medical emergencies or job losses may be causing a tenant to fall behind on rent. On the other hand, being a landlord is not a charity venture; if you don’t receive the rent you’re owed, then you’re stuck footing the mortgage bill for as long as it takes them to repay you. What to Do When Your Tenants Are Behind on Rent Since most cities and states have their own unique tenants’ rights laws and eviction regulations, let’s explore some general options … Read more