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How to Become a Millionaire on a $30k Salary
Becoming a Millionaire used to seem like this totally unrealistic goal that would never happen unless I won the lottery or inherited a bunch of money from some distant relative. As it turns out becoming a millionaire is not all that unrealistic of a goal. It is achievable on almost any salary if you…
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Considering Buying Gold? Read This First
We have all seen the advertisements and headlines that keep telling us that investors need to flee to safety and buy gold. They will tell us that the stock market is going to crash worse than last time, and that investors need a hedge to inflation with gold. They will say it with charisma and…
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Is it Safe?
Perhaps one of the biggest challenges that investors face is determining if “right now” is a SAFE time to invest (meaning not just the present, but any time). What makes it difficult for investors is a twofold issue: first, is a lack of historical knowledge and perspective, and second, their own emotions. Actually, if one…
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Tax Time IRA Answers
Let’s take down the age old question of “Should I invest in a Roth IRA or a Traditional IRA?” Before I jump into this, you must know that neither one is a bad choice, and it all depends on your situation and goals. Both accounts are considered “Qualified Accounts”, meaning they have tax advantages over…
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5 Money Saving Strategies to Avoid
We’ve all done it. Spent more than we wanted to all in an effort to get a great deal. With all the offers floating around promising to help you save money, here are 5 to avoid: 1. Buying in bulk. While buying in bulk can be a cost-effective budgeting strategy, often consumers end up buying…
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Market Timing: The Myth
So what is market timing and are you losing returns because your money manager is doing it? Or even worse, have you been caught doing it all on your own. According to Investopedia, market timing is “The act of attempting to predict the future direction of the market, typically through the use of technical indicators…
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Equities in the Last 30 Years: A Retrospective
Looking at a chart http://bit.ly/qSHuve covering the performance of the Dow Jones Industrial Average over the last century is a lot like looking at a chart of profitable business earnings at a cartoon enterprise meeting–it’s almost a caricature of itself, a steady upward slope punctuated by regular but far-between drops, always ending higher than it…
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Should you Buy Gold as an Investment?
We have all seen the advertisements and headlines that keep telling us that investors need to flee to safety and buy gold. They will tell us that the stock market is going to crash worse than last time, and that investors need a hedge to inflation with gold. They will say it with charisma and…