When is the best time to plan for a stock market dip? When the stock market is going up. No fancy language today! Just three easy reminders of what to do when you see your account balance take a big hit. Don’t Do Anything Buy More Stocks Call Your Advisor Repeat that 9-word…
Ultra-low interest rates present a dilemma: Great for borrowers (both companies and individuals), potentially great for the stock market, but terrible for people who need risk free savings for emergencies or retirement income. Unfortunately, if you need your money within 1-2 years to spend, there’s not much I can suggest. No growth is the…
In the world of investments, there are ways to make and lose money that are reserved for Accredited Investors (rich people). Hedge funds are one of these instruments. A hedge fund is a pool of many investors’ money managed by a team of people who believe they are smarter than the market and certainly…
To pile on to my probably unpopular thoughts about Bitcoin last week, let me tell you my top three reasons I don’t like Robinhood (the trading app, not the 1973 Disney movie which is one of my all-time favorites). Robinhood purports to make investing in stocks available to the masses, but frankly, that was…
The first week in February saw an outsized amount of attention and money poured into previously sad sack stocks such as Game Stop, AMC Entertainment Holdings, and Blackberry. This led to lots of talk about investing bubbles. For more information on the nature of bubbles, here is an article I posted on Linked In.…
When opening your own investment accounts, you have a choice between two major types of companies: Full Service or Discount Brokerage. Which is right for you? Full Service brokerage, like full service anything, will generally cost you more, but with the promise of more personalized attention. Things like trading, money management, and investment choices…
Yep, it’s true. Despite media reports, there is a large swath of the US population that actually lives BELOW their means. And those people just slowly grow a cash cushion until they wake up and realize that maybe they have saved a little too well for a rainy day. A question I get a…
First in a 2-part Series Sorry folks, but your year-end madness is not limited to covering your house with decorations a la Clark Griswold or fighting the mongrel hordes at the mall. There are some financial items that need your attention, too! This time we’ll focus on items #1 and #2. In part 2 we’ll…
Most of us are pretty good consumers. We use coupons, look for deals online, and buy on sale. Somehow, those good habits go out the window when we shop for investments. Avoidable Mistake #1: We buy when prices are high. Most people get into an investment based on its one year return that looks fantastic.…
Last week we talked about the difference between stocks and bonds. Today, we will talk about how we can use mutual funds to buy stocks and bonds. You’ve probably been told that it’s a good idea to have a diversified portfolio. This means that you shouldn’t invest all of your money in one company. …
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