Getting Started With Investing
For help determining how much you may need for your retirement, figuring out your optimal asset allocation, adopting the best process for choosing investments, and choosing among your IRA and 401(K) options, read The Essentials of Investing. For college funding, read How to Help Your Kids Pay for College.
Weekly roundup of recommended personal finance articles from around the web. Those iPad screens are getting us to tip more—way more (Wall Street Journal). How “dark design” spurs us to give. Don’t store cash in Venmo and PayPal, US regulator warns (CNN). There are few, if any, protections for such money. More than half of […]
Weekly roundup of recommended personal finance articles from around the web. Remember when the things we bought were just things? (World). “Are we so attached to our past consumer purchases that we’ll flock to movies about them a couple of decades down the road?” Why tipping prompts are suddenly everywhere (Wall Street Journal). “I just […]
Over the last several years, I’ve been doing a lot of thinking about teaching kids how to invest. There is so much potential good that could come about by getting kids started with investing as soon as possible. In a practical sense, they have an abundance of one of the most important ingredients for compounding […]
If you’re going to help your kids learn about money, getting them started is one thing; keeping them going is another. Motivation can wane. That’s what seemed to be happening the other night with one of our kids when he opened up a conversation about investing. Don’t get me wrong. It’s not like the wheels […]
Weekly roundup of recommended personal finance articles from around the web. Stop asking whether money buys happiness (The Atlantic). Does more money bring more happiness? It’s complicated. How to know if a rental property is a good investment (The Long Game). A good starting point for an objective evaluation. Do I need to re-visit my […]
Wise money management is one of the most important subjects typically not taught in school. And unfortunately, where it is being taught, such efforts have generated mixed results at best. The issue seems to be that classroom teaching is too abstract. There’s too much lecturing and too little letting kids do real things with real […]
Weekly roundup of recommended personal finance articles from around the web. Money can break a marriage, even getting more of it (Wall Street Journal). Money and marriage — it can get messy. No easy answers here, but it helps to talk openly about money and maintain complete financial transparency. So much to like (Humble Dollar). […]
Weekly roundup of recommended personal finance articles from around the web. How to tell whether your money is safe in the bank (Lifehacker). I especially like the idea of setting up a news alert to track any articles about your bank. For example, see also, 20 banks that are sitting on huge potential securities losses […]
Weekly roundup of recommended personal finance articles from around the web. How to log off (MIT Technology Review). To a great degree, social media is a distraction and discouragement—for us and our kids. See also, How to stop mindless scrolling (Business Insider). Too many employees cash out their 401(k)s when leaving a job (Harvard Business […]
Ignorance definitely isn’t bliss when it comes to your investments, and yet we all seem to be hard-wired with blind spots, or as psychologists call them, behavioral biases. Here are some of the more common ways we tend to make irrational and unprofitable investment decisions. 1. Assigning too much value to the most recent news Try […]
