What if someone told you that they could guarantee a return of 15% per year on your investment. Would you believe them? Or more importantly, would you invest your money with that person? If you answered “no,” then I would believe that you weren’t born yesterday (or just fell off the proverbial turnip truck), and […]
Invest with Bernie Madoff? Read More »
What drives people to desire wealth? Is it to have nicer cars, bigger houses, bigger diamonds, exotic vacations, and fancier dinners? Can it be blamed on advertising—you know those ads that show a perfectly tanned and slim model floating on a raft by the precipice of an infinity pool overlooking the deep blue Caribbean Sea.
Do as the Wealthy Do Read More »
1. Dollar cost average. The Dollar Cost Average (or DCA) method of saving for retirement is a strategy designed to lower the volatility of the “value” of your purchase each time you invest, regardless of the price of the underlying security you are purchasing. This method of saving for retirement (in conjunction with “automatic contributions”—described
5-painless ways to save for retirement Read More »
“Joe” was suffering from a pretty bad tooth ache, so he called his wife (who’s not a dentist) and asked her what he should do. She told him to call the dentist. But Joe decided to look up “tooth aches” online to see what remedy he should apply. He tried Orajel, and that seemed to
