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.
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 […]
Weekly roundup of some of the best personal finance articles from around the web. Is it okay to buy things you want but don’t need during coronavirus? (Grow). “Do I try to protect the health of delivery people or do I protect their livelihood?” Here’s what to do if your company cuts its 401(k) match […]
Weekly roundup of some of the best personal finance articles from around the web. Coronavirus and travel: What you need to know (Clark Howard). Had a trip planned? Here are refund guidelines from airlines, hotels, and more. Lost your job? Take these 4 steps first (The Simple Dollar). Millions are suddenly out of work. If […]
Weekly roundup of some of the best personal finance articles from around the web. When dollar cost averaging matters the most (A Wealth of Common Sense). If you’ve been making monthly contributions to a retirement account, the best decision you can make right now — and the easiest — is to keep making those contributions. […]
Weekly roundup of some of the best personal finance articles from around the web. How long does it take to make your money back after a bear market? (A Wealth of Common Sense). Learning what we can from past downturns. Seven ways to manage your anxiety during a market crash (A Teachable Moment). There’s still […]
Weekly roundup of some of the best personal finance articles from around the web. Everybody’s talking about it (The Irrelevant Investor). To invest, you have to get comfortable with being uncomfortable sometimes. Here’s what happens when you panic and sell your 401(k) investments (USA Today). In short, nothing good. Why you probably don’t want to […]
Weekly roundup of some of the best personal finance articles from around the web. Don’t lose it (Humble Dollar). What happens to your brain when the markets go crazy. Blessed are the cobblers, recyclers, and thrift-store shoppers (Christianity Today). How should our faith guide us in a throw-away culture. You can afford that item you […]
I remember reading an article by a long-haul cargo plane pilot who described his job as hour upon hour of boredom interspersed with moments of sheer terror. That’s a pretty good description of the stock market. There are long periods when not much happens. And then there are times like right now. Huge declines last […]
Weekly roundup of some of the best personal finance articles from around the web. How does the stock market bottom? (The Irrelevant Investor). “The most important thing for investors that are worried, and that probably includes all of us, is to keep in mind that this too shall pass.” I also have to say that […]
Have you ever invested in a stock or mutual fund because it was recommended by a friend or relative? Or maybe you read about it on a financial web site or blog. Think about the investment choices you’ve made in your workplace plan. Why did you make those choices? One recent study found that when […]
