What investment strategy is the best in this stock market now? It’s never too cautious to prepare for the unexpected and sudden market corrections especially for the ones that are more than just corrections. Bearish periods are notorious for upending traditional investment strategies. After all, markets don’t keep going up. I don’t mean to… Continue reading Are You Getting Your Finances Ready for 2017?
The Grace PeriodCredit card companies typically allowed you to accrue a few weeks of additional interest on the money you must pay to them card company by delaying payment slightly, called the grace period. Many years ago when bank interest rates were higher, that could mean a few more dollars of free money in your… Continue reading Know Where the Free Money Is and How to Get It
You can pay the debt down with determination. Find the extra money where you least expect it to pay down the debt. Skip eating out at lunch, and bring it from home instead. That can be $5 savings a day, which translates to $100 a month. Use it and pay for the credit card balances.… Continue reading Things You Can Do to Pay down Your Debt Quickly
New credit accounts for 10% of your FICO score. Now this means the amount of new credit applications, including the amount of recent hard inquiries and the total amount of new accounts you’ve opened in the last 60 to 90 days. Your payment history accounts for 35% your score. Work toward consistently making ‘ontime’ payments… Continue reading Credit Score 101 – 1
In regards to investing new money, why waiting for the big correction? There’re many different strategies that apply to different investment objectives. The key is pairing the right strategy with the right objective. Mutual fund companies or financial advisers help you design your portfolio and oversee your investments to better understand and manage them. Then… Continue reading Right Investment Strategy with the Right Investment Objective
Choosing the investment strategy that is right for you is hard. If you are a high risk investor with a long investment horizon, you may look to include small cap and growth stocks or funds investing in your portfolio. You should be more suitable for value and income investing if you have a moderate risk… Continue reading Planning for Retirement Part 2 – Investing Strategies
Borrowing money against your 401K is typically not a good idea because if you leave your employment prior to full repayment, the outstanding balance becomes due and payable immediately. Therefore, ensure any 401K loan can be repaid before you leave your job. Loan amount will be added as a type of income on your taxes.… Continue reading Planning for Retirement Part 1 – Conquering Debt