Posts Tagged ‘investment’
In the previous lesson with my wife, I taught her about various investment vehicles available at our disposal. This time we discussed choosing the right tool for the job; that is, choosing the best investment option available for various savings goals.
Photo from morgueFile
Common Savings Goals
First, we reviewed some of the more common savings goals. I [...]
September was a good month for the stock market. The S&P 500 index rose +3.58% from 1,473.99 to 1,526.75 — thanks to the boost from Federal Reserve interest rate cut by half a point on the 18th. However, consider that the U.S. Dollar lost about -2.26% against the global currencies [1], most Americans [...]
I shared some great posts with you in my weekly roundup about college savings. However, these posts and what I have written tend to focus on the dollar amount and savings vehicles. As part of the roundup post, Chief Family Officer commented that $250,000 may not be enough for a good private school:
“…I [...]
I wrote about saving money for college in my posts: “My kid’s college costs will be $467,000! Are you kidding me?” and later in “Saving $250,000 for my son’s college education” with dollar amount adjusted down to a more realistic level. This weekly roundup, I searched my Google Reader and beyond for other posts and [...]
In “My kid’s college costs will be $467,000! Are you kidding me?,” I may have gone too far toward the worst case scenario. After additional research at Savingforcollege.com, a more realistic number should be around $250,000 for 2024. Although I have not decided on the exact investment vehicle, I am leaning toward the [...]
Thanks to the positive stock market close on the 31st, August was not as bad as anticipated. Last month, I started using NetworthIQ to track my net worth. After I entered all my information, the result was +0.19% net worth. My liquid assets went up by +2.71% from 21.74% to 22.33% of [...]
I recently read a post by Personal Finance Advice, Why Getting a Degree Isn’t Always a Sound Financial Decision. I thought it was a well written post that presented a valid point. Do not get me wrong…I am a strong advocate for college education. However, this post did remind me about my [...]
I have been investing in the stock market for nearly 10 years and acquired quite a bit of experience and knowledge (mainly through making mistakes). I’ve never codified on to a piece of paper until today. Before I begin, I want to give credit where it is due. This post was inspired by CommodityWorld.com’s Common [...]
Before I started this blog, I did not really have a good financial goal. Actually, my financial goal was similar to 99.9% of other Americans…I wanted to be rich. But what is rich? In “Are you wealthy? Here’s a test,” I defined wealthy as: “…when income from my assets can cover all [...]
