Investing

Investing: Stocks vs. ETFs (Exchange Traded Funds)

When most of us think about investing, our thoughts immediately jump to stocks. However, many of us are wary of what can happen when you get involved with stock picking. Instead, people are more likely to feel comfortable with various funds, carefully arrayed according to an asset allocation strategy that makes sense for them. A…

How to Open a Roth IRA the Right Way

Among individual retirement accounts, the Roth IRA stands out because of its special tax advantages. Instead of providing tax breaks at the time of deposit, Roth IRAs allow account holders to receive benefits completely tax free after retirement. Roth IRAs were created to give working people a greater incentive to save for their post-retirement years.…

Annuities: Pros and Cons Fully Explained

As with any type of investment, annuities are not for everybody. Every investment vehicle contains characteristics that may or may not match your own objectives, preferences or risk tolerance. The advantages of annuities may work for some people, but not for others. There are certain disadvantages that may preclude a certain type of investor from…

How Dividends Can Add Value To A Portfolio

Last week, we took a look at 3 Ways That You Could Make Money In An Up Or Down Market. The first one that we discussed was buying shares of an individual stock directly. Today, we want to talk about one specific type of stocks that you should be adding to your portfolio. This type…

Formulating Your Personal Stock Buying Strategy

In my previous post I wrote about getting Started Investing In Stocks. Now that you are ready to start investing, you have to select the type of stock that is best for you. It’s important to invest in stocks that fit your overall investment strategy. To help you with your investing decision, here is a…

Learn About Index Investing – Passive Investor

Index investing is the one-stop all inclusive choice for the passive investor. What is a passive investor? It is an investment strategy which focuses on the long run to maximize returns and keeping trading to a minimum. The thought process is by avoiding fees, the investment base does not get eaten up.  Passive investors love…

Year End Investment Planning For a Better Tomorrow

Believe it or not, the year is coming to an end. Now is the perfect time to put together your strategy for the end of the year, including what you plan to do with your investments in order to reduce your tax liability. Here are some things to keep in mind as we head into…

Your Asset Allocation Strategy

Most people enjoy a roller coaster ride now and then, unless it involves their investment. Even though history has shown that the stock market always trends upward, more than a hundred billion dollars of investor cash fled the stock market crash in October of 2008, after it had declined by 40%.  That cash didn’t return…

Should You Trade Currency? What Are The Risks?

Currency trading is quite popular nowadays. There are television programs, websites, and advertisements all decrying the benefits of currency trading. The Forex market is the largest market in the world. It’s estimated that $2 trillion dollars are traded in the currency market everyday. Trading involves the purchase and sale of large quantities of currency to…

Read This Before Borrowing From Your 401k

Among the many benefits afforded to many 401k participants is the ability to borrow funds from the account for personal purposes. While 401k loans are not generally recommended, they can be a source of low cost borrowing that can help improve your financial situation if used responsibly. If your plan includes a loan provision, you…

Finance

Financial Tips To Get Your Personal Finances Back on Track

There are two things I always say to anyone who will listen, “Don’t mess with a man’s money” and “Don’t mess with a man’s woman.” Unfortunately, we don’t do the right thing when it comes to our own finances so we need a little advice to get us back on track. The personal finance tips…

How to Increase Your Net Worth Over Time – Control Your Finances

What is personal finance? It is money that you control. Times are tough these but they are getting better as more and more people are returning to work and earning a living once again. In fact, the unemployment rate is only 7.7% according to Google’s public database. Today, more people are employed than at any…

Know Personal Finance and Investment Better and Bid Your Financial Blues Goodbye!

Knowing the principles of personal finance and investment better allows a potential investors to make the financial decisions with much prudence and confidence. Having a sound knowledge of the financial and stock market allows the consumers to be more rational in their personal finance planning and in the decisions they make. Financial knowledge is particularly…

What Personal Finance Really Means To You

Personal finance is a term used to denote several different yet closely related aspects of monetary decisions made by either an individual or a family whose members live together. These closely related aspects include the rate of income, budgeting said income, inevitable costs (e.g. taxes, electric bill, gas, mortgage, etc.), and even frivolous spending. It…

Remember That Time When You Were Debt Free?

Did a feeling of peace come over you when you read this title? It did for me when I read this in my office kitchen today. I immediately went back to a place in time when I had zero debt. I was young. I started accruing debt in the form of student loans when I…

Leave an Inheritance For Your Children or Charity

For many people, it is important to leave an inheritance to their posterity. If one of your priorities is to leave a monetary legacy to your children and grandchildren, it is important to plan for how to do this. This includes planning related to taxes. Know The Difference: Inheritance Taxes vs. Estate Taxes While these…

Building Wealth Instead of Clipping Coupons

One of the big fads right now is extreme couponing. While there is nothing wrong with extreme savings, and many people can save a great deal of money clipping coupons, there might be another way to use your time and get even better results. Use the time spent clipping coupons to build alternative income streams,…

Should You Do Your Own Taxes?

The year is almost over. Tax season is just starting. As you gather your documentation, pull up the IRS web site, and prepare to fill out your tax return, take a few minutes to consider your situation and determine whether or not you might have someone else prepare your tax return. Deciding to Turn Tax…

Early Retirement Planning Is Still Possible

It wouldn’t be unreasonable to think that, following the financial crisis and stock market crash of 2008, most people who had any thought of retiring early would be making other plans right now. But, if you ask many people, especially those younger than age 50, they still have their sites on an early retirement. Is…

How To Regain Your Financial Health The Right Way

When you see unpaid bills piling up, you should know that your financial health is at stake. But you aren’t the only sufferer of this disease- it is getting common and people all across the country are diagnosed of this ailment. Is it the end of the financial road? Almost never. There are many solutions…

Career

How To Increase Your Current Salary with Your Current Job

Increasing your salary is a great way to add to your income. Last week we talked about how to get a raise even if your boss doesn’t like you. If you have worked hard, improved the business, demonstrated value and helped your coworkers then you are ready to ask for a raise. But what happens…

How To Get A Raise At Work

Getting a raise is a great way to increase your income, and you don’t have to get promoted to get a raise.  Increasing your salary compounding effect because your annual raise will be computed off of your salary.  If you leave your job chances are you will use your current salary to negotiate at your…

How To Negotiate Your First Job Salary

In today’s job market, first-time job seekers such as college graduates are finding it difficult to land a job never mind a well-paying job. However, the market is seeing an upswing – national unemployment is dropping, and companies are starting to take on new hires again. In this time, it’s important for job-seekers, especially first-time…

Are You Making These Job Hunting Mistakes?

This economy presents a tough job market for seekers. However, just because you are desperate, it doesn’t mean that you need to come off as such. It is important to avoid some of the basic mistakes that you might be tempted to make in this market. Here are 5 mistakes to avoid on your job…

6 Networking Ideas to Improve Your Career

On paper, you may have everything that your ideal employer wants. If you don’t know the right people, though, even the most well-polished resume and spot-on experience in the world isn’t going to help. The importance of networking in the world of business simply can’t be overemphasized. Even after you’ve landed your dream job, it’s…

Run Your Career Like it’s A Business

Too often, people who draw a paycheck from someone else forget that they need to manage their careers just like a business. They adopt a “wait and see” attitude about promotions rather than proactively planning for the next step. They also allow the luster to be diminished on their greatest product – themselves. Companies use…

5 Reasons Why Your Boss Doesn’t Like You

Do you think your boss does not like you? You may find this hard to hear, but I hope we can shed some light on the common issues that put stress on the employee/boss relationship. If you really believe that your boss does not like you, the problem may not be with him, it may…

5 Reasons Why You Won’t Get Promoted

It’s not fun to watch your peers get promoted while you stay stuck in the same job. It’s also not fun to do the same job and earn the same paycheck for 10 years or more. Unfortunately, most people find themselves in that exact situation. If you went to college and then got a white…

4 Ways Working Hard Won’t Pay Off

There’s an important difference between working hard and working smart. In the first case, it’s possible to extend huge amounts of effort that, in the end, net you absolutely nothing. In the second case, your odds of being rewarded for your efforts are vastly improved. Working hard does not always pay off; the following four…

Five Ways to Get Your New Job Off to a Great Start

Believe it or not, even though unemployment is dominating the evening news, new jobs are being created, and people are getting back to work. For some people, it’s their first real job anywhere. While others are moving on to new jobs, and feeling out of the comfort zone of their old job and their former…

Dividends

Why Dividend Paying Stocks Are a Wise Investment

Stocks that pay dividends have made up a majority of the returns in the stock market in the last 50 years. The more we see wild fluctuations in the market the more we see investors flocking to these safer investment ideas. Dividend stocks provide consistent returns to investors because they are profitable companies focused on…