Common wisdom in the personal finance world is to have an emergency fund. We all explain how important it is to have a fund that is big enough, but we never talk about when your fund may be too big.
Dividend stocks are equity investments that pay cash to investors on a regular basis. Investors often have different goals when buying dividend stocks, but each investor must decide whether to reinvest the dividend or take the cash. [Read more...]
Investment “experts” always tout the importance of a diversified portfolio. Today I am going to explain exactly what that means and how you can build your own diversified portfolio without paying an “expert” to do it for you.
Everyone gets excited when they start a new job. New opportunities, new challenges, and new retirement plans. Unless there are not… Some jobs don’t offer a 401(k) or other type of retirement plan, but it is still very important to save for your future even if your employer is not helping.
You always hear us finance bloggers telling you to invest for your retirement. We use big words like 401(k), 403(b), IRA, and Roth IRA, but usually assume you all know what they mean and how they work. Today, I am going to share the basics of what you need to know to open and fund an IRA or Roth IRA account.
So you want to become a millionaire? The path isn’t easy. Those seeking millionaire status are going to have to make some extreme lifestyle changes to get there, and here are six ways to start.
Lately, I have been a big fan of investing in low fee mutual funds and ETFs. It takes a lot less work and research to invest in funds than stocks. That doesn’t mean I don’t have any individual stocks though. There are many methods to value a stock, and a comparison to similar companies is an important part of the investor’s toolbox.
Not so long ago, in a city not so far away… I spent a fair amount of time picking stocks and trying to beat the market. I will be honest, I was pretty good at it. However, the time and effort it took did not always justify the effort. Over time, I have moved more toward investing in ETFs and mutual funds so I don’t have to worry as much about my money. With that change, though, came new costs and fees that I have to manage.