You're a recent college grad starting off on your career journey. What's next? What's the top 3 key pieces of advice for career starters? Check this out. 3 Key Pieces of Financial Advice for Career Starters A recent 22-year-old college graduate asked me what's the most critical piece of personal finance advice I could share. For someone with her own self-described lofty expectations for herself ... Read More
Investment Advice
Ask the Adviser: Should I Stay or Should I Sell Now?
When I was in high school, I got introduced to punk when punk rock bands crossed The Pond and invaded the airwaves. One of the most memorable for me: The Clash with their enduring song of angst "Should I Stay or Should I Go Now?". Fast-forward to today and their song has as much to do with investing as it does with pivotal moments in any relationship. Often I'm asked by investors whether or not ... Read More
Becoming Wealthy: Warren Buffet’s Top 14 Tips
Known as the Oracle of Omaha, Warren Buffet is considered one of the most successful investors in the world. As of May 2017, he is the second wealthiest person in the United States with a total net worth of $78.7 billion1 . Bet you didn't know that his net worth is greater than the GDP of Uruguay2 . Yet he’s still living in the modest house he bought in 1958 for $31,000.3 Through the ... Read More
Chef Anthony Bourdain in Hot Water with the IRS
Famous Chef Anthony Bourdain Didn’t Pay Taxes for 10 years— Sounds good, right? But here’s What Can Happen. Like celebrity Chef Anthony Bourdain you can get in hot water with the IRS. Taxes. There’s no escaping them. And if you try, you could be in hot water with the IRS — no matter who you are. At age 44, famous chef Anthony Bourdain never had a savings account and hadn’t filed his taxes for ... Read More
Costliest Money Mistakes We Make
Decade by decade — These are the costliest money mistakes we make. Mistakes. They happen. But the basic premise behind finance is: your money compounds over time. So, unfortunately, if you make financial mistakes, they compound over time, too, and can have bigger consequences down the road. With a little insight, some of the most common mistakes can be avoided. Based on a piece in The Wall Street ... Read More
How Can I Invest in Gold?
When the market tumbles or investors are afraid of what's going on in the world or people are afraid of inflation, interest in gold investing goes up. You'll hear folks lament over-priced stocks or express distrust in the Fed to unwind from their 'quantitative easing' without printing money and causing hyper-inflation. But whatever the reasons, investors will often ask 'How can I invest in ... Read More
February 10, 2017: Market Week Recap
What happens next depends on a host of factors. In this February 10, 2017 market week recap , we look at what shaped the week and what to expect in the near term. The Markets: February 10, 2017 Market Week Recap (as of market close February 10, 2017) The stock indexes listed here posted a strong week of gains as the Dow, S&P 500, and Nasdaq each achieved record highs. Long-term bond prices ... Read More
10 Sure-Fire Ways to Lose Money When Investing
From pyramid schemes to your crazy uncle's latest 'can't lose' project, there are so many ways to lose money. If you don't want to pay a money manager to lose your money, you might want to follow this DIY advice. Here are 10 sure-fire ways to lose money when investing. Investing Rules to Lose By Investing has lots of rules. Here are 10 rules any investor can follow as sure-fire ways to lose ... Read More
3 Tips to Avoid the Dark Side of Investing
Are you investing like a Rogue One? Here are 3 tips to avoid the Dark Side of investing. In the latest Star Wars movie, Rogue One, we follow a lone warrior on an unknown path. Cast into the universe, she roams through the star system with no clear direction. Eventually she aligns with the rebel alliance, and finds guidance with the Force. Lessons for Investors There is a relevant parallel ... Read More
January 9, 2017: Market Week Recap
Last week the Dow came close to hitting a new high threshold. What happens next depends on a host of factors. In this January 9, 2017 Market Week Recap that closed as of Friday, January 6, we look at what shaped the week and what to expect in the near term. The Market Week Recap (as of market close January 6, 2017) The markets regained their swag as each of the indexes listed here ... Read More
