A mutual fund represents money contributed by multiple investors. That money is managed by an individual, or more likely, a whole slew of individuals. Not surprisingly, those folks who help manage and oversee your money do not do it on a volunteer basis. They get paid. Do you want to guess who pays them? You … Read moreWhat are Mutual Fund Expense Ratio and Fees?
While glancing through a fitness book (Fit and Well: Core Concepts and Labs in Physical Fitness and Wellness) I noticed a subtitle — Reaching Wellness Through Lifestyle Management. The section “introduces the general process of behavior change and highlights the decisions and challenges you’ll face at each stage.” In my aha moment, I realized that … Read moreHow to Get Your Finances Under Control
We are currently in a time when too much emphasis is placed on grades. Far too many graduating seniors believe that good grades lead to good jobs which leads to a good life. However, there are many other attributes necessary for success. What is success? This post isn’t about equating $200,000 a year and success. … Read more10 Characteristics Necessary for Success (Mr. Rogers Style)
Every investment guru has his or her own bit of investment advice for those who need to learn how to start investing. When I first started, the word on the street was to look at a fund’s past performance when deciding to buy a mutual fund. For instance, to help people choose the right mutual … Read moreHow Important Is Mutual Fund Historic Performance?
I’m not exactly sure when parents started giving allowances to their kids. I wonder if that was around the same time when the tooth fairy started stock piling teeth. However, somehow kids are introduced to the economics of life when they are just wee little humans. On the one hand, some parents say kids should … Read moreChildren’s Allowance: When to Start and How Much to Give?
When Do You Plan To Retire? That was the question our financial advisor asked the very first time we met together. Since my wife and I were both in our early 20’s, we said 50. We figured 50 is really old and if we waited much longer we would probably need to do all of … Read moreImportant Considerations for Those Who Want to Retire Early
It is getting harder and harder to find a product that does not offer an extended warranty these days. It seems like every store now offers some sort warranty on some of their merchandises. For $3, $8, or $40, you can get an extra one, two, or more years warranty. And the pitch usually goes … Read more5 Things to Know Before You Buy an Extended Warranty
I was recently looking at some stats regarding the US Market (Wilshire 5000 Total Return index). As of February 28, 2010, over the last 10 years the market return was 0.1%. Hmmm. That’s not very high. That means for the last ten years, if you invested in the Wilshire 5000 you would have almost nothing … Read moreInvesting Lessons From The Lost Decade
On September 28th, 2007, my bank went bankrupt and closed its doors…goodbye, Netbank. The moment you first find out that your bank failed is a scary moment. First thought: “I know I should have figured out what FDIC Insured meant.” Second thought: “Google, can you save the day today?” How do you know if your … Read moreWhat Happens When a Bank Fails?
When someone is first enter the world of finances, they will need to learn some new basic finance skills. Unfortunately, many teenagers and young adults get to college without having a clue about some basic personal finance tasks. You might make a lot of bad money choices, but if you have some basic financial knowledge, … Read moreHow to Write a Check and Balance Your Checkbook