A Tale of Two Investments: 5 lessons from the last 5 years
Suppose I offered you a choice of two investments: Over a five-year period the first investment lost an average of 0.6% per year. The second investment had a 5 year average annual return of 17.7%. So...
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6 Reasons to take your retirement accounts with you
The days of working 30 or 40 years at one company and retiring with a pension and a gold watch are almost over. In fact, a 2012 study by the Bureau of Labor Statistics showed that the median time...
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Should I cash out my retirement account to pay off my debt?
When people start to realize their debt is a problem, one option that often comes to mind is whether to cash out a retirement account in order to pay off the debt. This can seem like a tempting quick...
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Hurricanes, market corrections and your investments
The last five years have been a great time to own stocks and the market has bounced back and then some from the losses of the great recession. This year so far though has been a bit mediocre as overall...
View ArticleWhy Jim Cramer is wrong suggesting you sell stocks now
A couple of days ago, I read an article on Yahoo finance quoting Mad Money financial analyst Jim Cramer. Cramer is concerned that the current problems in Iraq are going to cause the stock market to...
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Should I save for retirement or my children’s college?
As parents, sooner or later we are faced with the question, “should I be saving for retirement or my children’s college?” This isn’t so bad if we are fortunate to have plenty of money, but what if...
View ArticleThe real secret to building wealth
If you watch late night cable you’ll find a lot of infomercials that promise they have the secret to building wealth. Google the secret to building wealth and you’ll find thousands of entries. Many...
View ArticleLove your family through the major events of life
Marriage and divorce. The birth of a new child or the death of a loved one. Starting a new job or perhaps losing one. Buying a new home. These are major life events that can significantly change our...
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Learning from 401K millionaires
In business you often come across something called “best practices”. Basically a best practice is a technique or a method that has shown over time to be the best way to achieve a stated goal. We can do...
View ArticleWhy the “secret” to financial success isn’t really a secret
I apologize but it is time for me to rant just a little. Bear with me. I love books. In fact I probably already have enough unread books I have purchased to keep me reading for the next 10-15 years. I...
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