Rigged Money by Lee Munson – Book Review

Rigged Money by Lee Munson

I was recently given the opportunity to review the book “Rigged Money: Beating Wall Street At Its Own Game” by Lee Munson. As you can probably tell by the book’s title, Lee Munson makes his case that the stock market is a rigged game set up for institutional investors and the fat cats on Wall Street. Lee Munson asserts that Wall Street is rigged to ensure that individual investors on Main Street are kept in the dark to continue to feed the system. Rigged Money includes a great combination of anecdotes and raw financial data to back up Lee Munson’s claims. Rigged Money by Lee Munson Rigged Money is a book that tries to convince you that almost everything that … Read more

Dave Ramsey’s Baby Step Four – Invest 15% of Your Income for Retirement

Baby Step 4 - Save 15% Of Your Income For Retirement

The last week, I wrote an overview of Dave Ramsey’s baby steps system from his book, The Total Money Makeover, and I have been dissecting each of his individual baby steps as well. The Total Money Makeover is a personal finance book that I highly recommend and one of the greatest personal finance books to read. Baby step 4 talks about investing for your retirement. Today, we will look at Baby Step 4 in more detail which is to invest 15% of your income for retirement. There are seven Dave Ramsey baby steps that you should follow in order that will lead you to financial peace. Dave Ramsey’s baby steps are… Baby Step 1 – $1,000 Emergency FundBaby Step 2 – Pay Off All Of Your Debt With … Read more

What Is Dollar Cost Averaging? – Advantages and Drawbacks

What Is Dollar Cost Averaging?

Dollar cost averaging is a well established, tested, and extremely reliable approach to accumulate wealth.   An investor who wants to put a lump sum of money into the stock market or mutual funds is wise to invest the money over a period of time in equal installments in order to avoid the devastating effect of a drop in the stock or mutual fund’s share price immediately after investing a single, lump-sum investment. What Is Dollar Cost Averaging? Dollar cost average, or DCA, involves buying the same dollar amount of an investment at regular intervals over the course of a set period of time. In doing so, the investor will purchase more shares of an investment when the share price … Read more