We’re sure you’re tired of hearing about COVID-19 and the financial uncertainty that has resulted from this pandemic. Now more than ever, it’s important for us to take a look at our various investment portfolios. Could we be diversifying our options even further? One possible asset allocation may surprise you – sports cards. Alright, we… Read More
The Cost of Free Investing (as reported by Arielle O’Shea on www.forbes.com)
The old saying goes: “There’s no such thing as a free lunch.” But in the day of the internet, is that still true? It seems like things that used to cost money are getting cheaper all the time, with some of them now featuring $0 price tags. Investing is one such industry that has been… Read More
Investing Advice for Normal Folks (as reported by Hamilton Nolan on splinternews.com)
Don’t let the title of the article throw you, “The Stupid Idiot’s Guide to Investing Your Little Bit of Money” is filled with useful advice. And it starts with a premise that most of us can understand – that almost all personal financial advice assumes you have money to invest and you’re just waiting for… Read More
Maximize Savings, Grow Your Wealth (as reported by Zach on www.getrichslowly.org)
The truth is, if you want to become wealthy, you need a lot of things to go right. Often, there are things that can happen outside of your control that will determine how much you earn, what you are able to save, etc. So the key to building wealth is to focus on what you… Read More
Why Don’t We Save? (as reported by Allison Schrager on qz.com)
There is a debate raging among economists these days. What are the underlying reasons why Americans are not saving nearly enough to fund their own retirements? Some argue that we are not good at planning for the future. Others argue that we are bad at predicting the likelihood of expensive events – like medical emergencies… Read More
Designing Financial Solutions to Human Weaknesses (as reported by Jeff Kreisler on qz.com)
Human beings were not built to be good at personal finance. While evolution has been incredibly effective at helping us survive, it has done nothing to make us better savers. In fact, in a few key ways, it has made us worse. We know that we should save more, that Americans are not saving nearly… Read More
Are You Financially Healthy? (as reported by J. D. Roth on www.getrichslowly.org)
A new report out from the Center for Financial Services Innovation confirms what many of us already know. Americans don’t save nearly enough money. The report divides people into one of three categories: Financially Healthy, Financially Coping, and Financially Vulnerable. On the optimistic side of things, most people do not fall into the financially vulnerable… Read More
Start Saving for Retirement Sooner (as reported by Annie Nova on www.cnbc.com)
If you start saving for retirement at the age of 25, you are ahead of the game. Though you should start saving as early as possible, most people put it off. Still, even those of us who do start saving young, are not saving nearly enough. According to experts, if you are 25 and you… Read More
Change Your Financial Mindset (as reported by David Ning on www.moneyning.com)
Saving more is hard. Identifying opportunities to pay down debt or save extra money is also hard. And it certainly is not fun. But it can be very rewarding, because every time you make the effort to save more, invest more, or eliminate debt, you are getting closer to your financial goals, whatever those may… Read More
Free Tools to Help You Manage Your Investments (as reported by Drew Housman on www.thesimpledollar.com)
In order to grow your wealth over time, you need to invest some percentage, however small, of your income. And you have a number of options for doing so – an employer-sponsored retirement account, a personal IRA, ETFs, mutual funds, stocks, bonds, etc. Many people will choose to have an experienced financial advisor manage their… Read More