Tag Archives: investing

Money Monday: Investing without losing money

“It’s possible to invest without losing money. In the current market, where interest rates are very low, any investment guaranteed to not lose money will have a very small return.

“For most people thinking about investing, the goal is to minimize the potential for losses while maximizing how much you might make. Exactly how you do that — and where you put your money — depends a lot on what type of investor you are, and what your goals are.”

Read more of CNN’s article: “How to invest without losing money.”

Money Monday: Should you rent or buy real estate?

Trying to figure out if renting or buying is best for your family? Thinking about a few questions can help you answer this question.

real estate buying or renting

“Homeownership was once the cornerstone of the American Dream, but times are changing. More U.S. households are renting today than at any point in the last 50 years, according to a Pew Research Center analysis.”

  1. How long are you planning on living there?
  2. Consider all of the hidden costs associated with both renting and owning.
  3. Are you saving and investing? Or throwing your money away?

Read more on CNN’s article here: “Should you rent or buy a home?”

Money Monday: Investing wisdom from Warren Buffett

Warren Buffett, CEO of Berkshire Hathaway, is renowned for his financial and investing wisdom.

Here’s just a few gems from him:

  1. “Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years”
  2. “Risk comes from not knowing what you’re doing”
  3. Most people should avoid individual stocks.
  4. Remember to give back.

Read about all seven over on the Motley Fool’s article, “7 Personal Finance Tips From Warren Buffett”, by Matthew Frankel.

personal finance

Money Monday: Frugal living rules

Living below your means is crucial if you’re to get ahead financially.

Being financially frugal is not just an old-fashioned trend that you can disregard in this life. MSN has a basic list of how and why to be frugal, with the article “6 Rules for Living Frugally”. Their rules?

  1. Really know your money

  2. Live below (not just within) your income

  3. Realize there’s a distinction between spending and investing

  4. Buy quality, not always cheapest

  5. Avoid debt

  6. Take time to distinguish between wants and needs

There’s so much more to their list than just this, though — read MSN’s article for more information: “6 Rules for Living Frugally”, by the Daily Bread, published April 9, 2016 at http://www.msn.com/en-us/money/everydaymoney/6-rules-for-living-frugally/ar-BBrwO5l#page=1.

 

Money Monday: Catch up on your retirement savings

While it is certainly ideal to start saving for retirement early on, you can still save a substantial amount even if you start later in life.

investing

Many Americans do not have any retirement savings — a full one-third, according to Bankrate.com — but that doesn’t mean that they (or you) can’t catch up. Here are some suggestions on what to do, from USA Today:

  1. Pay down your debt
  2. Take advantage of an IRA and 401(k)
  3. Reduce and avoid extra investing fees
  4. Wait to retire and work longer
  5. Don’t make unnecessary risks and shortcuts

Read all about USAToday.com’s five points in detail: 5 simple ways to catch up on your retirement savings.

Money Monday: New Year’s resolution: Start investing

Are you in the 1%? Congratulations! This article isn’t for you. For everyone else, make a New Year’s resolution to get into the 50% club.CheapFullCoverageAutoInsurance.com

“About half of Americans own stocks. They understand the secret to getting wealthy and financially healthy.

“The U.S. stock market has been on steroids. It’s gained about 200% since 2009. The rich (and many people in the middle class) have figured out that you can make money without getting off the couch.

“You can do it too.

“As many CNNMoney articles show, people can become millionaires by saving and investing. Here’s how to get started in 2016.”

1. Enroll in your 401k plan at work

2. Invest your ‘extra’ cash

3. Download an app (or two)

4. Talk about money with friends

This article and information is from Money.CNN.com; read the full article here: “New Year’s resolution: Start investing”.