Basics Investing Retirement

Retirement Basics Part 3: How Can a Monkey Invest as Well as a Professional Investor?

    Choosing which stocks to invest your retirement money in can be daunting. If you choose well, you can set yourself up to retire a at a reasonable age and hopefully avoid having to work into your 70s. But choose not so well and you may end up working years longer than you would …

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Basics Investing Saving

Basics Part 2: Why Dollar Cost Averaging is Your Second Best Friend

  Are you concerned about the inevitable ups and downs of the stock market?   Maybe you’re about to start saving your hard-earned money to build a nest egg for retirement. But the thought of losing money on investment has you reluctant to put it into stocks.   Or maybe you’ve already started investing for …

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Basics Retirement Saving

Basics Part 1: Could Waiting to Save for Retirement Cost You a Million Dollars?

  One million dollars. For most of us, that is a large amount of money. In terms of retirement savings, one million dollars is a considerable amount. Depending on how much you spend on a yearly basis, it could be enough to retire on. Using the 4% rule (withdraw no more than 4% in any …

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Saving

Should I Buy the Extended Warranty?

The other day I purchased just about the cheapest external CD/DVD drive that I could find online for about $13. Upon checkout, I was offered an extended warranty for little more than a dollar that would cover the drive for an additional 2 years past the manufacturers 90-day warranty. I scoffed at the thought of …

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Basics Retirement Saving

What’s Wrong With Looking Wealthy?

“Esse quam videri” To be rather than to seem   Can I ask you a question? Would you rather be financially healthy or appear financially wealthy? For most of us the two aren’t one and the same. How do some people appear wealthy but lack financial health? How can you pursue financial health in the midst …

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