Everyone is freaking out about the volatility in the stock market, but the long-term wealth creator should not even be looking at their portfolio on a daily basis. Nor should they care what the market does today or what it will do tomorrow. Investment fortunes are made over the long run not overnight. This was [...]
Is checking your stock portfolio making you nauseous? The Dow Jones Industrial Average is up 100 points one day, down 300 the next, down again, up a bit, down, down, down. Sounds like the last six months, doesn’t it? My brokerage account is showing shades of red I didn’t know existed, and I want to [...]
You know that billionaire investor Warren Buffett doesn’t trade stocks, right? That’s because trading stocks is a risky gamble that can deteriorate your net worth, and you don’t want to gamble with wealth. Becoming wealthy is a decision we consciously make that requires lifetime planning and discipline. Stock trading does not fit into the world [...]
Managing savings through your company’s 401k has a tremendous number of benefits, but how much can you actually contribute to this retirement plan? The 401k tax law can be quite confusing. For the most part, your 401k contribution limit depends on the lower of: Your company’s 401k contribution limit compared to your income. For example, [...]
Jim Cramer mentioned something recently on his CNBC show, Mad Money, that should have resonated with investors. “Cash is no longer king.” What Does He Mean? Let’s clarify that Cramer is not referring to the cash in your pocket. Cash for some time has been king because fixed-income, cash investments have offered great returns. These [...]
It’s stock market performance season and market timing experts are well aware that stocks should give solid returns over the next five months. Historically, the market tends to perform best between the beginning of November through the end of April. This period is when the major indexes earn almost all net gains, whereas May through [...]
With your employee 401k retirement plan, becoming a millionaire is incredibly obtainable by hardly doing a thing. You simply enroll, spend a little time over the funds your company offers to invest in, indicate how much of your pay you want to contribute, and sit back and watch your retirement account grow. Every now and [...]
