Wouldn’t it be great if you knew when the markets were going to take off or tank? Armed with that knowledge, you’d have no trouble achieving your investment goals. You’d just buy if the markets were going up and sell if they were going down. Here’s the problem with that scenario: Market direction is driven [...]
Decide to payoff an investment property or pay down the mortgage. Don't pay off an investment property and pay down the mortgage at the same time. Consider interest rates on loans before paying off mortgage loans on an investment property or primary home mortgage. Refinance mortgage loans before you pay down a primary home mortgage or investment property mortgage loan.
Smart investing is not very difficult. It is in the interest of the securities industry to convince you otherwise so you will use its services. I have distilled intelligent investing and financial planning down to these ten golden rules. They are easy to understand and to implement. If everyone followed them, the misery index for [...]
You have worked hard all your life. You love your heirs and want to provide for them after your death. You have good intentions. Yet most Americans make critical mistakes in their estate planning that eviscerate their wealth and leave their heirs scrambling to figure out what went wrong. Here are the biggest estate-planning mistakes [...]
The recession and market turbulence have made the dire financial situation facing some baby boomers much worse. Few were prepared for retirement before the financial crisis. Most are hopelessly behind in their retirement savings. Consider these statistics: By some estimates, almost 10 percent of retirees have children dependent on them for financial support. Almost 33 [...]
Bonds confuse most investors. The securities industry likes it that way. The more you believe investing is just too complex to figure out on your own, the likelier it is that you will need the services of a “financial consultant.” Going down that road is often the beginning of a frustrating journey (for you-the consultant [...]
You have no doubt been reading a lot about the volatility index lately. Before I tell you why I believe it is irrelevant, let me first tell you what it is. The Chicago Board Options Exchange established a volatility index (VIX). The VIX is not a measure of how volatile the markets have been. It [...]
This summer, you can easily save money on your utility bills, energy bills, and power bills. Some energy saving tips: to save money on your utility bills and save money, install energy saving products that use less energy: like a programmable thermostat or energy saving light bulbs. By using less energy, you slash utility bills, lowering your payments and go green at the same time. This article discusses more energy saving ideas and money saving strategies.
There’s a lot of misinformation about annuities. That’s not surprising, since the term “annuity” is applied to a variety of dissimilar investments. These investments are also quite complex, which seems to suit the insurance industry. Complexity makes it more difficult for investors to separate good annuity investments from the bad. I divide annuities into three [...]
The question I get asked most often is should I buy gold? My answer? You are asking the wrong question. Investors buy and sell gold at the wrong times. If you are talking about making a short-term profit by buying gold and then selling it at a higher price, the issue is very simple. You [...]
