Investing

What is Diversification

Investing
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What is diversification? Merriam Webster defines it as giving variety to something. Variety is good.  It’s good in life, in business, and particularly with our savings. The idea of diversifying has been around a long time. With today’s market volatility, it’s increasingly important to answer the question – what is diversification – through the use [...]

The New Gold Rush: Is It Too Late to Buy Gold?

Investing
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If you follow financial news, you’ve no doubt heard the buzz surrounding gold prices. Gold prices broke the $1,500 barrier for the first time in history earlier this year. With new records, you may be wondering if the time is ripe for you to buy gold. But you may also be asking yourself, “Did I [...]

Is There A Difference Between Investing And Gambling?

Investing
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Is investing in stocks nothing more than just gambling? Are people who toss their money into the stock market no better off than those who take frequent trips down to Las Vegas in order to “strike it rich”? Have those who seem to know how to invest successfully, just had a string of “good luck”?  [...]

What Is a Mutual Fund?

Investing
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Mutual Funds are no longer an arcane investment tool, but have gained enormous popularity over the past several decades. As the common investment vehicle used in most employer 401K benefit plans, mutual funds are the investment vehicle of choice by over 80 million Americans, constituting over 50% of available households. Although the origin of mutual [...]

How to Invest Successfully Like Warren Buffett

Investing
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The investing principle known as “invest in what you know” was made popular by investing giant, Peter Lynch. His idea was that even if you are not a professional investor, or someone trained in finance, you can still make wise choices in the stock market. The way that you overcome this lack of training is [...]

What’s Wrong with the Modern Personal Investing World

Investing

If you designed the world of personal investing from the ground up, you’d have a very different experience than what we have now. Modern personal investing came long after what I would call “institutional investing” and “broker-only investing”. When it came time to offer investing to the common man, the investment firms of the day [...]

What is a 529 College Savings Plan?

College Savings

So you’ve probably heard of the 529 College Savings Plan, but what exactly is it and how does it work? That’s what we want to answer today.  Surprisingly, 529 College Savings Plans have been available since 1996 with the Small Business Job Protection Act. The 529 plans were then refined in 1997, 2001 and again in [...]

5 Dumb Mistakes That Smart People Make

Investing

Wouldn’t you agree it doesn’t take an Ivy League education to be good with your finances? What’s amazing to me is that many smart people make some really dumb financial mistakes! It seems like a person blessed with “brains” would be good with personal money management, but sometimes this just isn’t the case. I’ve talked [...]

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