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.
Fear finally caused me to stop. I was in Colorado, reconnecting with two long-time friends, one of whom is an experienced mountain climber. He had slowly driven us up a perilous-looking, narrow and rocky path cut along the side of a mountain. There were no guardrails to protect us from the sheer drop-off. Bouncing around […]
I had conversations with two investors recently that were very telling. The first conversation was with a guy in his 40s who invests his own money—for a living. That’s what he does. It’s how he provides for his family. It’s very unusual, and probably conjures up images of a day-trader, someone trying to sell positions […]
A weekly roundup of some of the best personal finance articles from around the web. The 5 things that best predict how rich you’ll be (Moneyish). Good things come to those who know how to wait. Is your employer’s retirement plan any good? Here’s how to find out (Quartz). All 401(k) plans are not created equal. Be […]
A weekly roundup of some of the best personal finance articles from around the web. How to turn your money into superdollars (Morningstar). Time is one of the most important ingredients for investing success. Free money doesn’t hurt either. Purposeful spending (The Belle Curve). On the benefits of funded contentment. 28 pieces of productivity advice I stole […]
Wise money management is one of the most important subjects typically not taught in school. And unfortunately, where it is being taught, many of the efforts have been found to be ineffective. The issue seems to be that such teaching is too abstract. There’s been too much lecturing and too little letting kids do real […]
In general, I believe there’s more to like about target-date funds than dislike. However, several recent articles have taken such funds to task. Let’s see if the criticisms are warranted. A little background Target-date funds greatly simply the process of choosing an appropriate mutual fund, getting the important asset allocation process mostly right and automating […]
A weekly roundup of some of the best personal finance articles from around the web. Is your brain wired for wealth? (Jason Zweig). A long read, but worth the effort for anyone who wants to invest better. 6 ways to lower the cost of college (The White Coat Investor). That ACT/SAT test prep course may be well […]
I’ve written several blog posts recently, explaining how we’re helping our three kids — ages 9, 12, and 14 — get started with investing (Read Inevitable Wealth: Getting Kids Started With Investing). I explained our choice of investment strategies and mentioned that if they’re able to get their investment account to $3,000 by the time […]
A weekly roundup of some of the best personal finance articles from around the web. Five money mistakes that can destroy a marriage (CNBC). If any of these issues are present in your marriage, it isn’t too late, but it certainly isn’t too early to start making some changes. ‘The market is rolling simply because it’s […]
I’ve been doing a lot of thinking (and writing!) lately about teaching kids how to invest. In a couple of recent posts (here and here), I’ve demonstrated the incredible potential of getting kids started with investing as soon as possible. While there is a lot of potential, I realize there are also some mistakes that could […]
