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February 22, 2012
The Secret of a Successful Investor
As a young investor, your top priority should be to get money working for you. Where you put it and what investments you use are important, but not as important as simply showing up on time with money to invest or save. Let’s say you’re a young 20-something who has just started a regular job and has plans to invest. Think you’ll be able to maintain a steady investment plan on your own? I bet that you won’t. That’s why I suggest you look at the secret weapon of the young investor. MORE
Tagged Funds, Investing, Secrets, Success
February 21, 2012
Sexy and Debt Free
Are you ready to take dating seriously? Perhaps it’s time: you’ve finished school, have a job and all your friends are pairing off and tying the knot. Before you sign up for eHarmony, take a good hard look at your personal financial situation. People with self-induced shabby finances are far less attractive than those with their financial house in order. MORE
Tagged Debt, Overspending, Saving
February 16, 2012
An Introduction to Hedging
Until the 2008 stock market meltdown, I’d never attempted to “hedge” my portfolio. Common wisdom was that there is safety in diversification and asset allocation. As it turned out, most asset classes are correlated to each other in a severe bear market, so that when things turn sour, stocks in Asia fall, stocks in Europe fall, stocks in North America fall, etc. MORE
Tagged Hedging, Investing, Portfolio
February 15, 2012
Is Buy and Hold Wrong?
Warren Buffett, the Oracle of Omaha, has been a leading proponent of buy and hold for decades, but he would never advocate buy, hold and ignore, which most do when following the axiom. A better directive is to buy, hold and evaluate. The reason is this: no one has a crystal ball when it comes to the markets or the economy. MORE
Tagged Investing, Strategies, warren buffet
February 14, 2012
Tame Your Wallet Clutter
Do you clear out your wallet regularly? If not, you should. I try to tame my wallet clutter every week or so. Keeping my wallet nice and streamlined isn’t just about being able to close it – it’s also about making sure I’m not vulnerable to identify theft. MORE
Tagged Cleaning, Money, Wallet