Category Archives: Investment

Five proven ways to diversify your portfolio

The biggest mistake that you can make when it comes to building your wealth is to rely only on your own labor. Regardless of how talented you might be, regardless of how well paid you might be, and regardless of how hard working you might be, there is a limit to how many hours you can work in a day. So, the best model to follow when it comes to building wealth is to invest your money. Put your money to work for you, allowing it to grow more money.

How to retire 15 years earlier

I wanted to further explain how low expenses lead to early retirement by taking a look at a case study.

Be a Super Saver

Let’s explore the lives of two fraternal twins, tragically torn apart at birth (not in the separating conjoined twins sense, but rather in the figurative sense).  To protect their true identities, I have carefully crafted cover identities.  Each sibling led similar lives.  They went to college, studied engineering and obtained good jobs right out of college at age 21 earning $60,000 per year.

Technology changes personal investment

For decades, personal investment has taken one of two forms. Investors would either call brokers to order stocks, or simply purchase items—usually at auction—that they hoped would accrue value. Needless to say, we’ve come a long way in recent years. But modern technology is taking us even further.

Personal investment has already been transformed for the 21st century. And as more investors cotton on to the plethora of tech-based solutions at their fingertips, the landscape will only change even more.

A very good tool to manage your money-personal capital

I decided to take the plunge into the world of all-in-one personal finance and investing software.  Some folks use Quicken, Mint, or Wealthfront.  I looked at all of those, and tried some but they didn’t quite do what I wanted to do.  They were either too clunky, cumbersome and time consuming to use, or they didn’t get the investment management part done correctly.

Enter Personal Capital.  This is a slick web site that makes managing your finances and investments quicker, easier, and prettier.  All your credit cards, checking, banking, investments, 401k’s, IRA’s, and other accounts are in one place, conveniently summarized.

How about investing in bitcoin?

Right now no one seems to know what to do with bitcoin. The sensational jump in value that we saw late in 2017 is now behind us, and bitcoin has regressed to a more reasonable price (though is still worth about $8,000 more than it was a year ago). The shift has left many people divided between two camps: that which believes bitcoin has proven to be too risky to be a sound investment, and that which sees another boom coming in the near future.

Here we’ll explore the factors supporting the first camp, and specifically what some of the risks with bitcoin investment might be.

Don’t make the same mistake in the stock market

There are a wide range of mistakes an investor is liable to make, but there are a handful that seem to come up over and over again. In fact, inexperienced and nave investors have been making the same kind of mistakes ever since modern markets were established. To make sure you dont get chewed up by the markets as soon as you step into them, make sure youre avoiding the following blunders

The valuables you forget you have

There comes a time when credit won’t cut it and debt is deplorable! You need cold, hard cash and you need it quickly, Whether it’s to free up some liquidity for your business, pay off problematic debts, give the family an extra special Christmas or just keep your home finances stable and ticking over comfortably, we all find ourselves needing a little extra lucre for the endless parade of rainy days. Before you go looking for a second job, downloading a slew of money making apps or researching whether or not you really need both kidneys, it might be worth looking to your old possessions and sifting through for undiscovered gems.

What is bitcoin?

Cryptocurrency trading is a relatively new way to make money in the market, especially since the prices of most cryptocurrencies have skyrocketed this year. Of course, this type of investment vehicle is risky, as prices are extremely volatile. For this reason, it’s important to create a sensible trading plan before entering the market, and above all, to follow your money management and risk management rules if you don’t want to lose your trading capital.