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Tag Archives: Advice
I wasn’t always a personal finance and investing guy. Back in my 20s, I was a young reporter who made a good living, but was kind of clueless about money. Let us just say that investing mistakes were made. Nothing too horrible, mind you. I didn’t blow a fortune or make one for that matter. However, I did begin learning a lifetime’s worth of investing lessons that I’d like to pass along here. MORE
It’s a question I get asked a lot, especially when people find out that I write about money for a living. The thing is, a lot of people think financial advice is just about investments – and they also tend to believe you need to be rich to hire an adviser. This is definitely not the case – a good financial adviser doesn’t just help you invest your money. He or she can help you develop the discipline you need to budget, save and plan for the future. MORE
When I started at my first full-time job, someone tried to give me some really dumb advice: “Don’t bother joining the pension plan – just take the money and invest it yourself.” At the time, the company offered a defined benefit pension plan and it matched my contributions as part of the benefit. MORE
Managing your own investment portfolio can result in lower fees. The savings, if re-invested into the portfolio, can also benefit from compounding growth and therefore manifest into a larger nest egg upon retirement. This, however, assumes that the returns before fees are the same in both cases. MORE