For many people, tax time is one of the most complicated times of the year. April 15 is a busy time for accountants and tax preparers, but it’s also a stressful time for most people. If you’re a student, you might not know what to do – especially if you have scholarships and grants. Do […]
To say that women are becoming more involved in the financial world is an understatement. While income inequality is still an issue, females are earning higher salaries and taking more agency with their finances than ever. So why aren’t they investing? Research shows that men are five times more likely than women to prioritize investing. […]
Habits are the regular tendencies we have that are hard to break. They are the things we do over and over without even thinking about. Our habits shape our lives – both for the good and the bad. No matter what area of your life you’re trying to improve there needs to be a sharp […]
Asset allocation refers to the overall mixture of stocks, bonds, and asset classes in your portfolio, and it’s the biggest success factor.
There’s no more quintessential stereotype than the college student waiting tables to help cover tuition, or maybe even staying in the restaurant business after graduation while waiting for the big break to come through. Many students blow off their time in the food service as little more than an exercise in character that throws them […]
Every new investor faces two challenges: The barrier to entry being too high Not having the slightest idea of what to actually invest in It’s no secret that investing jargon can sound like a foreign language. This can deter many people from ever taking the time to learn what they actually need to know. On […]
Lavish romantic displays are common around Valentine’s Day. Everyone wants to show their sweetheart how much they care, and for many, gift giving is their love language of choice. Plus, everyone has that coworker whose significant other showers them with flowers at the office or sends an expensive gift. But Valentine’s Day and other holidays […]
I had an interesting conversation with a reader of The College Investor a few weeks back and I wanted to highlight an important aspect of investing that may be missed: laziness. The dialogue started with the reader asking me if I thought it was okay to speculate with my portfolio. My answer: no! In fact, I […]
Investors (like all humans) possess built-in mental “handicaps” that poison their decision-making. The sunk cost fallacy, hindsight bias, and anchoring are just a few of the most problematic. Yet perhaps even more troublesome than these errors is the phenomenon known as “mental accounting.” Mental accounting refers to the tendency of humans to develop and make […]
Are you strapped for cash? Looking for ways to make an extra $100 a month or more? I know you care about your personal finances or else you wouldn’t be reading this blog. But if you’re like me there are times when you feel a slight ping of envy that others are able to […]
While graduating from college is an exciting time it can also feel a bit scary. After all, you’re leaving the student life and heading into official adulthood – a land full of working, paying bills and other responsibilities. (Don’t worry it’s not all bad – there’s plenty of fun to be had too.) Building your […]
The first time I ever heard of MLPs was from my Uncle Jeff. Imagine an enormous lumberjack, with a Santa Claus beard and a penchant for stretching the truth. “You know who’s really getting rich up there in Williston? It ain’t them truck drivers. It’s them MLPs. They’re earning all this money without paying any […]
If you’re looking to make extra money this year, are a college student or simply have extensive knowledge in a particular subject, tutoring could be a good fit. Online tutoring allows both students and tutors to set up times that work in their busy lives. This makes online tutoring a very flexible and in-demand job. […]
Here’s our Jackson Hewitt Tax Software review, where we found they offer a solid interface at competitive prices.
Frequent traders use a combination of research, current events and technical analysis to buy and sell stocks and options. This approach to investing sometimes yields Alpha (over-performance relative to a benchmark), but it always yields more complicated tax filing. If you buy and sell financial positions, you need to stay organized to avoid an IRS […]
Do you remember where you filed your tax return? What about your tax return from 3 years ago? The IRS recommends that you keep at least 3 years of tax returns on hand. But what if you can’t find your tax return in your black hole filing cabinet? Tax Transcripts are the answer. Below we explain […]