When it comes to investing, mutual funds are a great option for many investors. This is because mutual funds allow you to get started investing with a small amount of money and still be diversified from the start. But where do you even start? After all, there are thousands of mutual funds to choose from. This post talks about what to look for in mutual funds. The 5 areas … [Read more...]
5 Things To Do When Approaching Retirement
I recently read an article on the Time website about 5 things you need to do when you are within 10 years of retirement. Overall, I thought the article was good, as it covered a lot of the things you should think about as you near retirement. In fact, it included one thing that I think most people often overlook. With that said, all of the items on the to do list should not be … [Read more...]
How To Save On Taxes The Way The Wealthy Do
The following contribution is from The Money Template, a personal finance blog exploring all things related to wealth and well-being. Taxes are simply one of those things where no matter how much you fight them they never seem to go away. That is … unless you know a few tricks on how to get around having to pay more than your fair share. Believe it or not, this is … [Read more...]
How To Retire At 50 And Live Like A King (or Queen)
While most people only dream about retiring at 50, there are people out there that turn this dream into a reality. What is their secret? Did they win the lottery? Rob an armored car? Print counterfeit money? While there may be a few people that did do those things, the reality is that most retire at 50 by following 3 simple pieces of advice. How To Retire At 50 In 3 … [Read more...]
Disadvantages Of Mutual Funds
I recently wrote about the advantages of mutual funds. Today I am going to talk to you about the disadvantages of mutual funds. As with anything in life, there are good things and bad things about mutual funds. It’s important to know and understand the downsides to mutual funds so that you can make the best decision for you and your money. Here are the main disadvantages of … [Read more...]
Advantages Of Mutual Funds
Mutual funds are a popular way to gain entry into the stock market today. With a small amount of money, you can own shares of hundreds of companies, regardless of their share price. But this is just one of the advantages of mutual funds. Below I present many of the advantages of mutual funds and why you should consider them as part of your investment portfolio. (In another … [Read more...]
What Are Open Ended Mutual Funds?
When talking about mutual funds, the majority of time we are talking about open ended mutual funds. This is important to know because sometimes, new investors hear the term open ended mutual funds and think this is a new type of investment. It’s not. It’s just your standard mutual fund. What are the characteristics of open ended mutual funds and should you invest in them? I … [Read more...]
5 Psychological Tricks For Investment Success
I’ve written before why you need to start investing now as well as the real way to make money in the stock market. But even with all of this excellent information, you still may find yourself making mistakes when it comes to investing. The biggest mistake that investors make is giving into their emotions and buying and selling at the exact wrong times. So how do you avoid … [Read more...]
Why You Need To Start Investing Now
I’m sure you’ve heard it before, you need to start investing for your future. You’ve probably heard it so many times that you just tune it out now. Because of this, I’m not going to tell you that you need to start investing, I am going to show you why you need to start investing now. The sooner you start investing, the sooner you take advantage of time and compound … [Read more...]
What The Price Is Right Teaches Us About Investing
I loved watching The Price Is Right growing up (my favorite games being Plinko and the game where you punch the board to reveal the card with an amount of money listed). Now whenever I get the chance to watch it as a grown up, it is on my TV, even though it just isn’t the same without Bob Barker. In any case, I was watching recently when I realized that you could learn a lot … [Read more...]
4 Mistakes You’re Making When Investing
When it comes to investing, there is no formula to success. There are many different profitable investment styles, thus we cannot say "just do X, Y, Z and you'll be a millionaire". However, we do know what doesn't work - we know which investment styles / strategies lead to failure. So the joke here is that once you've discovered everything that doesn't work (aka lost quite a … [Read more...]
How to Start Investing in Mutual Funds
The following is guest post from John. An IT project manager by profession this blog is where he captures all his learning from the finance world. If you are considering getting started investing in the stock market, mutual funds will most likely play a large role in how you get started investing. Mutual funds are a favorite among many investors because they offer a lot of … [Read more...]
