One of the basics of investing is the use of asset allocation in your strategy. Asset allocation, or the way your portfolio is built, matters a great deal to the long-term success of your investment strategy. Asset allocation, however, isn’t just about setting it and forgetting it. As you add more shares to your portfolio, … Read moreRebalance Your Investment Portfolio to Stay On Track
If you are married or about to be married an important question will eventually pop up: should we combine our finances? There are many different factors to consider, but if you do decide to combine some portion of your finances then you will need to set up a joint bank account. What is a joint … Read moreHow to Set Up a Joint Bank Account
One of the best ways to avoid dipping your fingers into your savings (especially your emergency fund for non-emergencies) is to automate your savings accounts so that your money flows through your personal economy without much interference from you. When you automate your savings accounts, you can force yourself to practice financial discipline — and … Read morePay Yourself First to Grow Your Savings Automatically!
DRIP investing is an easy way to reinvest your dividends into your dividend stocks in a way that grows the number of shares you have over long periods of time. DRIP stands for “dividend reinvestment plan” or sometimes “direct investment plan”. Many companies offer their shareholders the ability to convert their dividends into additional shares … Read moreWhat is Dividend Reinvestment Plan (DRIP)?
For the most part, I am a boring investor. I mostly stick to stocks and bonds, usually investing in index funds or ETFs. However, I do have a few other investments in my portfolio. I am starting to build a dividend portfolio, and I have an interest in REITs. These are income investments that can … Read moreShould You Add Exotic Investments to Your Portfolio?
Overdrafts are a common result of individuals who are either unorganized or simply too busy to keep track of their debit card use and other debits from their checking accounts. When this happens, too many debits are presented to a bank account which lacks sufficient funds to cover all transactions. Here we look at ways … Read moreHow to Protect Yourself from Debit Card Overdrafts
When you start adding up your assets, it’s common to include your retirement accounts. After all, the money that you have in these accounts contributes to your overall net worth. At the same time, though, when you run into a little financial trouble, it’s tempting to turn to your retirement account and withdraw money to … Read moreThink Twice Before Taking Money from Your Retirement Account
It would be nice to think that holding your stocks long-term would result in amazing gains over time. And, while a long-term investing strategy is one of the best ways to build wealth over time, it’s important to realize that you still need to be realistic about your expectations. Too often, we have this idea … Read moreBeing Realistic about Your Investment Returns
When it comes to long term investing, I believe that you should focus more on dividend yields versus speculation and share price appreciation. While this might mean avoiding sexy names like Apple and Google, there is nothing unsexy about constant cash flow with regards to your assets. Dividend Income is More Stable When it comes … Read moreWhy It Pays to Buy High Yield Dividend Stocks
Recently, someone asked about exchange-trade funds (ETFs). He was interested in what they are, as well as how they could be included in his investment portfolio. ETFs are a relatively recent development in the world of investing, and in some cases, they can be ideal for beginning investors, as well as for more advanced investors. … Read moreWhat are Exchange-Traded Funds and How to Use ETFs in Your Portfolio