It must be mistake week in the news. Last night U.S. News & World Report had an article by Kerry Hannon about “5 Mistakes that will Sink your Retirement”. Below are his five points and some personal commentary:
1. Cutting back on Contributions.
According to the article, 1/4 of American workers do not contribute to their 401(K) and [...]
In the latest issue of World Magazine (May 3/10, 2008), David Bahnsen list six common mistakes that investors make. He notes that there are obviously more than six mistakes, but the majority of the errors that we make can be generally placed into one of these six areas. Below are the six mistakes with a [...]
I was reading an opinion piece by Marty Nemko in The Chronicle of Higher Education where he calls a bachelor’s degree America’s most overrated product. In the article are several astounding statistics:
40% of freshman at four-year colleges do not graduate in six years
Percentage of class time spent in classes of fewer than 30 students - [...]
If you have thought about investing beyond mutual funds, then you’re probably looking at individual stocks. Sure they are scary, but you’ve done your homework. So what’s holding you back? Is it the steep commissions charged on each and every trade? If you’re investing a relatively small amount, commissions can eat your earnings alive, [...]
I signed up for Prosper early last year with the intention of trying to use it to borrow some money to pay down some other bills that had a horrible rate on them. I couldn’t get the rate that I wanted at the time and haven’t really tried to borrow on the site since.
What [...]
I wrote about SellaBand late last year and since then three bands have reached their full 50k in believer funds. While I can’t vouch for anything about those three, I’ve found another band that is on the rise. BulletProof Messenger is one heck of a rock band!
At this point, I’ve only invested $10 for one [...]
This is part 2 of 2 of 20 real answers to the 20 dumbest finance questions. The questions come from a post called the 20 dumbest personal finance questions at Punny Money. I covered the first 10 questions in the first post and we’ll tie up the last 10 in this one.
Q: How [...]
If Nick at Punny Money does one thing well, it’s creating humor where there sometimes isn’t. His recent post about the 20 dumbest personal finance questions had me laughing with it’s “here’s your sign” sort of answers. Then I got to thinking. Before I started seeking answers to my financial questions, I [...]
Let me begin by saying that I am only beginning to understand most of the stock world and I still prefer to invest in mutual funds and ETFs. However, I’ve been pointed to a nifty little tool/calculator that seeks to express the effect of stock valuation on a stock’s return.
I can’t properly explain it, so [...]
I couldn’t avoid the fun pun in the title. Honest. With the record drops in the stock markets around the world in the last few days, many are trying to hold on to what profits they have. What that means is that many are selling off their Gold holdings. Gold has [...]
