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Income Diversification: Why You Need to Diversify Your Income

Income Diversification: Why You Need to Diversify Your Income 1

Diversification is a concept that I’ve embraced all my life.  In the past, I have discussed investment diversification and also touched on the concept of income diversification.  When you think about income…what comes to mind? Most of us will immediately think about our full-time job (or part-time job). However, if you want to retire, you’ll … Read moreIncome Diversification: Why You Need to Diversify Your Income

How to Start Investing in Stocks for Beginners

How to Start Investing in Stocks for Beginners 5

Neither one of my parents know how to invest in the stock market, and it wasn’t a part of my formal education. I had to learn how to invest on my own by trials and errors — so I know how intimidating it is for people who are new to investing. Where do I start? … Read moreHow to Start Investing in Stocks for Beginners

12 Steps to Financial Freedom and Personal Finance Success

12 Steps to Financial Freedom and Personal Finance Success 8

Welcome to Moolanomy. You’ve just found a road map to help you improve your finances and change your life! I have been managing my own finances since I gradated from college in 1995. Through the course of the years, I have done many things right and I also made plenty of mistakes. I have learned … Read more12 Steps to Financial Freedom and Personal Finance Success

40+ Passive Income Ideas and Ways to Make Extra Money

40+ Passive Income Ideas and Ways to Make Extra Money 13

Passive income are income sources that require very little work once you set it up and put things in motion. Although there are many different ways to make money, we will try to focus on money making ideas that don’t require as much ongoing effort (i.e., it is not a job). Passive income is a … Read more40+ Passive Income Ideas and Ways to Make Extra Money

Why Investment Diversification Doesn’t Always Work

Why Investment Diversification Doesn't Always Work 16

Diversification. We hear that word a lot when it comes to investing; it’s almost an article of investment faith. On paper, diversification always works, and in the right hands, it can work fabulously. But is it right for everyone? I’m going to step out of the box of conventional investment thinking and say that diversification … Read moreWhy Investment Diversification Doesn’t Always Work

Tax Diversification — Why It Pays to Tax Diversify

Tax Diversification -- Why It Pays to Tax Diversify 19

We hear a lot about diversifying across asset classes — owning stocks, bonds, real estate, etc. We also hear a lot about diversifying within asset classes — owning mutual funds of hundreds of stocks rather than owning a few individual stocks. But there’s another, lesser-known form of diversification from which you could benefit: Tax diversification. … Read moreTax Diversification — Why It Pays to Tax Diversify

Correlation of Returns: The Reason Why Diversification Didn’t Work

Correlation of Returns: The Reason Why Diversification Didn't Work 22

None of the alternative investments provided sufficient risk reduction to soften the impact of the Bear Market. Alternatives such as Commodities, Equity REITS, International Equities doesn’t seem to be working. The U.S. Treasuries were one of the few asset classes that really provided sufficient diversification. What went wrong? First let’s address the question of “Diversification … Read moreCorrelation of Returns: The Reason Why Diversification Didn’t Work

Low Cost Diversification With Vanguard Total World Stock ETF (VT)?

In this Ask The Expert With Larry Swedroe article, the reader, Murali, is wondering if she could use the Vanguard Total World Stock ETF (VT) to simplify and diversify her investment portfolio.  Vanguard is known for its high quality and low cost investment products, and the Total World Stock ETF should provide most of the … Read moreLow Cost Diversification With Vanguard Total World Stock ETF (VT)?