What Will You Do With Your “No Restaurants in November” Savings?

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If you’ve accepted Brad’s challenge for No Restaurants in November by the end of the month will have saved up a sum of money. Last year, Brad saved $524.25 during the 2010 version of No Restaurant Month. Your savings will depend on how much you make and then spend at restaurants. When November ends, what should you do with the money you saved? Pay down your debt! First, if you have debt, use your November savings to reduce your outstanding debts, particularly the higher interest rate credit cards. You might think about what those balances represent and, if it’s financing [...] Read more »

Should you “Occupy Wall Street”?

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You may be aware of a growing social protest movement that began on Wall Street a few weeks ago. According to their website: “Occupy Wall Street is leaderless resistance movement with people of many colors, genders and political persuasions. The one thing we all have in common is that We Are The 99% that will no longer tolerate the greed and corruption of the 1%. We are using the revolutionary Arab Spring tactic to achieve our ends and encourage the use of nonviolence to maximize the safety of all participants.” And now this protest is metastasizing and spreading to 25 [...] Read more »

With a Falling Market Should I Bail on my Investments?

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The markets fell, for the most part, during the third quarter continuing the challenge for many people to remain invested. Some investors moved out of the market already and will eventually have to decide when to invest again. That is the challenge for short-term investors and for those who attempt to time the market. The advantage of long term investing is the stress and strain of rapidly fluctuating markets is something you can ignore. Here are a few important questions you should consider. First, do you have adequate savings and emergency funds? (At least 6 months of your net take [...] Read more »

Three Keys to Financial Fitness

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I was planning on writing about a new survey from Prudential Retirement Services today. It is a very interesting survey from 2006-2011 of primary or joint financial decision makers who are between 45-75, have a household income of at least $100,000 ($50,000 if already retired), household investable assets of at least $100,000, and retirement savings of at least $100,000. Many who fall in this “retirement red zone” have serious concerns about their ability to maintain lifestyle in retirement. For those of you who would like to read the study, here’s a link to the Prudential website: http://news.prudential.com/images/20026/2011ChangingAttitudesAboutRetIncome.pdf It is worth [...] Read more »

Investing — The Whole Return

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Losing money can really make you angry, but, eventually, you can make up the losses. But when time is lost, you will never get it back. The factor of time in investment return calculations is limited to the time period of the investment, e.g. One Year, Year To Date, Trailing Three Years, Calendar Year, etc. Return calculations are objective and purely mathematical. The value of your time is left out of the calculation of investment return. What about the time you spend as an investor? What is it worth? Isnʼt that part of your whole return and shouldnʼt you include [...] Read more »

Investing — Medically Speaking

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Investing is like medicine. If you want to lose weight, any doctor can offer medically proven suggestions such as reducing calories and/or increasing exercise. If you want to grow your portfolio, over time, any professional can offer recommendations to help you by increasing your investments in the market and helping you remain invested when times are tough. But, neither doctors nor investment professionals can help everyone. Imagine a man telling his doctor he wants to lose 30 pounds without exercise and to include a dozen donuts per day in his weight loss plan. You can imagine the doctor’s response. It [...] Read more »

An Idiots Guide to Investing

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“You’re an idiot!” She said this to me in response to overhearing me discuss the theme of my book, Investiphobia: Overcome Your Deepest Investment Fears with a friend on the deck at Starbucks. At least she waited until my friend was gone to make her observation. So, I asked her why she believes I am an “idiot” and had a reasonable discussion despite her comment. Surprisingly, she based her conclusion on two observations she made relating to the purpose of my book and it’s message. She said if my purpose is to help people overcome and eliminate their fears, I’m [...] Read more »

Lessons for Investors from Irene

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Millions of Americans were affected by Irene, whether it was a hurricane or a tropical storm. The debate, for many, seems to center on whether reporters and forecasters “over-hyped” the strength of the storm as it approached the East Coast. The answers to that debate are not relevant but there is one lesson we can learn from the experience of forecasters as they plotted the probable track and strength of Irene. At a very basic level, there are two parts to forecasting hurricanes. The first is performed by computers and this generates a variety of possible tracks and levels of [...] Read more »