If you buy individual securities, are you sure you are holding on to the right stocks for the right reasons? Look through your portfolio and ask yourself why each stock is still there. Granted, I am a fund buyer. I don’t buy individual stocks because I don’t like the risk involved. But that doesn’t mean […]
What Are Estate Planning Documents?
Lawyers and financial planners often talk about planning your estate and using the proper estate planning documents. But what does it all mean? If it seems complicated that’s because many attorneys want you to feel that way. On top of that, laws shift and things change. Having said all that I have to admit that […]
How To Donate Like A Genius
Most people I know are givers. But there is a right way and a wrong way to donate to charities. While you are helping others you should also take a few extra steps to get the most benefit for yourself at the same time. What’s wrong with that? Nothing. 1. First things first. When it […]
Would You Get Along Better with Your Spouse if You Made More Money?
Many people believe that if they only made more money, they would be happier and they’d get along better at home. Without the financial stress they’d have nothing to argue about they believe. My own experience tells me this is a bunch of hooey. I’ve been talking to people about money for over 25 years. […]
What Is a Dividend?
When companies make profits they either reinvest that money or pay some of it out to the owners (shareholders). A dividend is just a cash payment to people who own shares in companies. If you own mutual funds that own shares that pay dividends, the fund holds on to those dividends as they come in […]
How To Figure Your Net Worth – And Use It
It isn’t complicated to calculate your personal net worth. I’m going to show you how to do that. But what does net worth mean? And how do you use this information? These are good questions. First let’s learn how to calculate your personal net worth. Then we’ll consider how to use the term. What is […]