Another day, another market plunge. Yesterday was notably sharp, with all major indices declining more than 2% and getting worse as the day wore on. The story du jour – and it is an axiom of market declines that there must be a …
Markets
Careless Consumerism: How You’re Really Spending Eight Times as Much as You Thought
“If you choose to spend a dollar today, you are actively choosing not to have four dollars, or six, or even eight later.”
Q&A: Matthew Schifrin, Author of ‘The Warren Buffetts Next Door’
A new book profiles ten unknown, ordinary investors—including college dropouts, engineers, a former truck driver, a retired DJ, most of them without MBAs or fancy degrees. What makes these investors extraordinary, however, is that they’ve managed to do what the wisdom on the street says can’t be done by consistently pulling in amazing …
Q&A: ‘Generation Earn’ Author Kimberly Palmer
To today’s young professionals, debilitating credit card and student loan debt and unemployment rates of 10% are common parts of their economic landscape, while ideas like job security and real estate investments that always rise in value seem like concepts of the distant past. How do people in their 20s and 30s differ from previous …
The Two-Day-a-Month Investment Road to Riches
Here’s an odd observation that I don’t advise you to act upon in any way: In 2010, you would have gotten an extraordinary return on your investment if you’d put money in the stock market only on the first two days of each month—and then pulled your money out every other day.
12 Signs of Continued Hard Times
Including more participation in food stamp programs and more people drinking beer at home, along with fewer people investing in stocks, buying videogames, going to the movies, and working at jobs that match their skill sets.
Saving Just Ain’t What It Used To Be
What with the rates of interest-bearing accounts dropping to their lowest levels in more than half a century, it’s nearly as productive to shove your money under a mattress as it is to deposit it at a bank.
Stock Market Abandonment: Is the Shift to Conservative Investing Wise or Shortsighted?
A CNNMoney story says that there has been a dramatic decrease in the number of young investors willing to take on risk—meaning putting money into the stock market. In 2001, 30% of Americans younger than 35 said they were game for investments with substantial risks, with the idea that with great risk came great possibility of a bigger …
Cheapskate Wisdom About … Investing in a Home Vs. Investing in the Stock Market
“Consider it this way: when Enron went belly up, shareholders ended up with nothing, but when the housing market drops, homeowners still have a house. And this benefit is tax-free.”
How NOT to Invest Your Money
Take it from a business journalist: Don’t listen to stock tips from business journalists. Also, don’t invest like an average Joe (or Jane).
And the Lord Said, Ye Shall Diversify Your Stock Portfolio
Is it wise to look to the Bible for financial advice? Many financial experts say yes (and probably “Amen” as well). By one count, the good book contains 2,300 verses that deal with how to manage your money.
The Great Recession: Is “Great” the Right Word?
Sometimes, an adjective seems inappropriate. Take “great.” It seems both overused and misused. Wayne Gretzky? No doubt about it: GREAT. Alexander the Great? Sure. Muhammad Ali? The Greatest. But plagues, wars, floods, depressions, economic panics, riots, and recessions? If any of these things are occurring, the situation seems less than …
