Investment success sometimes requires quick changes in the strategies. Waiting for more information or for the dust to settle is the common traps for being caught in the downdraft. In fact, diversifying across asset classes as well as within asset classes is a smart way to go. Diversification doesn’t ensure…
Category: Personal Finance
Know Where the Free Money Is and How to Get It
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…
Things You Can Do to Pay down Your Debt Quickly
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…
Planning for Retirement Part 1 – Conquering Debt
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…
Fed Surprises and How They Affect Your Finances
The U.S. dollar rose sharply higher after the U.S. Federal Reserve announced its first interest-rate increase of 2016 and signaled that it expected to increase rates 3 more times in 2017. Stocks traded sharply lower, while yields soared. The 2-year Treasury yield, which was the most sensitive to the Fed,…