Today’s Headline

Saving money at costco wholesale

Why Costco is Great for College Students

I love Costco! In fact, I have highlighted before how you can use Costco to Save. Well, after a recent rip to Costco, I discovered how it is great for college students to save as well! The Best Costco Membership For College Students The tough part about shopping at Costco is that it requires a … Keep Reading...

Latest Headlines

investing101

The Toolkit You Need To Get Started Investing Today

So, you want to learn how to get started investing. Awesome! Now, my guess is that you fall into one of the following categories of people who want to get started investing for their future: You are an inspiring investor.  Meaning, you have a little bit of money (or none at all) and you want [...]

great investors

Investing Tip #131: Take Time to Learn from Great Investors

Sharpen your investment strategy by educating yourself. Read about some outstanding investors such as Graham, Fisher, Buffet, Templeton and Lynch and how they made their fortunes. Each one has dramatically exceeded market performance. Understand their innovative ways to analyze and pick up securities. Read. And read and read, to be a successful investor. If you [...]

TIPS

Investing Tip #130: Invest 10% of Your Portfolio in TIPS

Historically inflation is a reality and erodes your savings especially if invested in bonds and other fixed securities.  The Treasury inflation-protected securities (TIPS) protects you investment against inflation and has the guarantee of the US treasury. Maturity value and interest rate are linked to Consumer Price Index (CPI). You can have a small percentage; say [...]

bear market

Investing Tip #129: Don’t Leave a Bear Market

Don’t leave the ground. Build up your courage and stay. Rather, continue investing in a bear market. During the bearish phase of the market, invest in good quality companies for the long term. You can make the most of your money in the future. Historically, periods of low returns have been followed by periods of [...]

Education Savings Accounts

Types of Education Savings Accounts and Which Account is Best

There are several different types of education savings accounts that can be used to save for your child’s future education expenses. The two main education savings account vehicles are Coverdell Education Savings Account and a 529 College Savings Plan. Many individuals also create Uniform Gift to Minors Act (UGMA) custodial accounts and provide funds directly [...]

short term underperfomance

Investing Tip #128: Ignore Short Term Under-Performance

Sometimes your portfolio may pass through periods of under-performance compared to the overall market. It happens with great investors too! Practice patience. If you want to learn more check out these resources: Why You Need Patience for Personal Finance Warren Buffett’s Top Five Tips for investors

Risk of Private Student Loans

The Risks of Private Student Loans

When looking at getting a student loan, there are some important risks that should be taken into consideration when comparing private versus federal student loans. For most private loans, it is a given that the interest rates will be higher than federal student loans, and you will not get the perks of being subsidized by [...]

understand mutual funds

Investing Tip #127: Understand Mutual Funds

Mutual Funds pool cash from investors and invest in securities. There are different types of mutual funds and they have different investment objectives and strategies. Read their documents before selecting any fund. Choose a fund consistent with your own investment objectives. If you want to learn more check out these resources: The Difference Between Mutual [...]

start ups

How to Run a Business that Doesn’t Collapse Within a Year

It’s a sad fact, but in the current economic climate, almost all small, new business start-ups fail. In fact, some estimate that almost as many as 4 out of 5 small new businesses fail in their first year, and this is a major problem for the economy – and of course for the business owners. [...]

Quicken 2015 Mac

Quicken 2015 For Mac Review: It’s Finally Here

I’m very excited to announce that Quicken has finally released a full version of their popular personal finance software for Mac.  It’s Quicken 2015 for Mac.  Unlike past version of Quicken for Mac (i.e. Quicken Essentials), this is a full version of Quicken that includes Investment management and tracking, which is a feature that was [...]

reallocate your retirement

Investing Tip #126: Don’t Reallocate your Retirement Account Frequently

Make a retirement plan and stick to it. Avoid frequently reallocating the funds. Reallocating your retirement account frequently in an attempt to maximize yields may not only cause you to lose your way as it relates to retirement savings, but it can also cause you to unwittingly expose your savings to much higher risks than [...]

spread betting

4 Different Types of Spread Betters

Spread betting has grown increasingly popular due to its quick nature. For those who don’t know spread betting is simply wagering on an asset such as a share, currency, commodity, or treasury. Only unlike investing in financial products you’re not actually purchasing an asset. Instead, you’re wagering whether the asset chosen by you will go [...]

residual income

Residual Income: 7 Super Smart Ways to Build It

You’ve thought about it before: creating several streams of passive income to live off. But it just sounds too good to be true. I mean, how can a regular person like you create residual income? Obviously you know it can be done or people wouldn’t be buzzing about it all over the internet. Or are [...]

buying companies you don't understand

Investing Tip #125: Buying Companies You Don’t Understand is Gambling, not Investing

If you want to be a successful investor, study and develop an understanding of a company’s position in the industry, its products, its economic moat, and its valuation. Investing is gambling if you’re not taking the time to educate yourself. If you’re not willing to research a potential investment then stick to what you know. [...]

american flag tax day

Happy Labor Day 2014

I hope you’re enjoying a fun Labor Day weekend!  Take it easy today, relax, and enjoy the unofficial end of summer. Even in personal finance, it’s important to take a break and not worry about your money. If you’re here reading this, tell me what you’re up to today!

time the market

Investing Tip #124: Don’t Try to Time the Market

It is very difficult to predict and catch extreme peaks or troughs in the market. The investors who attempt to time the market are generally guided by emotion. If you want to be a successful investor, avoid emotional behavior. If you want to learn more check out these resources: Is It Every Okay to Time [...]

fleet insurance

How to Protect Your Vehicle Fleet Investment

While the decision to create a commercial fleet and mobilise your operation can be extremely beneficial from a business perspective, it also requires an initial investment. Although the cost of this can be minimised depending on the precise model that you use (and whether you choose to buy or lease commercial vehicles), it is still [...]

market crises

Investing Tip #123: Market Crises, Though Unavoidable, Are Not Permanent

Past events show that the market encounters crises, such as the bursting of the technology and telecom bubble in 2000′s and 9/11. These crises create fear and uncertainty but only for a short period. The market crashes but recovers and continues to move on. The long term trend has remained upward. The market has grown [...]

business

How to Afford the Items You Need for Your Business

Business start-ups are the lifeblood of national economies across the world, and this has been observed by prominent Western leaders such as Barack Obama and David Cameron. While the majority of countries have a number of initiatives to help drive small business growth, however, raising enough capital to be successful and establish a viable business [...]

ignore short term predictions

Investing Tip #122: Ignore Short Term Predictions

If you are a long term investor, your investment decisions should not be guided by short term forecasts. It is very difficult to predict tomorrow’s market. Stick with your chosen investment strategy and ignore short term predictions. If you want to learn more check out the following resources: What Do You Tell the Successful Stock [...]