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Are you a TISWASser?
2008-03-11 23:56:00 Recent research by the UK Skipton Building Society has dubbed under 35s the TISWAS (Thirty Something Without Any Savings) generation. Supporting what’s already known about spiraling consumer debt and related problems the key findings were: * 18% spending more than they earn * 20% having no savings at all * 53% not paying into a pension plan * Debt repayment ...
Is it Better to Buy or Rent?
2008-03-06 00:48:00 The question of whether to rent or buy might sound like something of a no-brainer, but are there any circumstances in which renting is preferable to owning? Let’s begin with a brief reminder of the benefits of ownership. Although paying a mortgage can initially be more expensive than renting, over time it becomes relatively cheaper as wages and ... More About: Rent
Real Estate Slump Isn?t All Bad
2008-02-26 00:38:00 There’s been much ado about the current problems in the real estate market with foreclosures rocketing and prices dropping like a stone. A quick random sample of the media finds CBS reporting Foreclosures Jump 79 Percent In 2007 (Jan 29 2008) while CNN hass Home prices in steepest quarterly drop (Feb 14 2008) and Mortgage ... More About: Estate , Real Estate , Real , Slump
Money Isn?t Evil
2008-02-17 01:25:00 I often wonder whether the reason many people find it hard to acquire and accumulate wealth is that they have been brought up to believe the pursuit of money is somehow sinful. Even the Bible says: “the love of money is a root of all kinds of evil.” Although this is often mis-quoted as: “money ... More About: Money , Evil
Preventing Identity Fraud
2008-02-10 01:03:00 Horror stories abound of people having their identities stolen and suddenly find themselves with huge debts they knew nothing about. It is true that ever more complex financial systems, and in particular the proliferation of online transactions, increase the potential for identity fraud. But by taking a few simple common-sense precautions you can minimize the chances ... More About: Fraud , Identity , Identity Fraud
Market Turmoil and the Small Investor
2008-01-29 00:27:00 The financial markets have begun 2008 in turbulent fashion, with huge falls being followed by recoveries of almost the same magnitude. The turmoil is being blamed on US sub-prime mortgage losses (ie greedy banks getting their fingers burned) and the subsequent fear the US is heading for recession. So what can the small player make of ... More About: Market , Small , Investor
Is Playing the Lottery Worthwhile?
2008-01-18 00:56:00 State/National lotteries have been described as taxes on fools. Most involve trying to pick a subset of numbers from a much larger master set with ludicrously long odds against success (In the UK game of trying to pick 6 from 49 the odds of winning are something like 14 million to one!) Week upon week ... More About: Lottery
Think Big (and kick ass?)
2008-01-18 00:52:00 Described by Jack Canfield (of Chicken Soup fame) as Donald Trump’s version of The Secret, Think Big and Kick Ass must be causing librarians around the world a dilemma over whether it should be filed under business or self-help. Think Big has arisen from Trump’s association with the Learning Annex Wealth Expos and is co-authored with ...
College Fees - Are they worth it?
2008-01-06 00:54:00 One of the most common and demanding goals in personal financial planning is to accumulate enough money for putting the kids through college. While I don’t doubt the value of education I strongly recommend serious consideration of whether a full-time college degree or diploma for your offspring is necessarily the best use of the time ... More About: College , Fees , Worth
New Year Financial Resolutions
2007-12-30 00:52:00 Time flies. Another year is just about to bite the dust, and a new one is almost upon us. Do you still make New Year Resolutions ? Or have you long since given up with a history of pledges that never made it through January? Either way, New Year really is an excellent time to make some ... More About: Financial
How to Create Wealth
2007-12-18 08:57:00 Creating wealth begins with learning to adopt the right thoughts and habits. Before you can create wealth you have to start thinking wealthy, and that begins with day-to-day money management. Spending What dictates your spending? Do you spend what you earn, what you need? We all need food, shelter and clothing. We might want the latest wall-sized flat-screen ... More About: Wealth , Create
Asset Allocation - Your Most Important Investment Decision
2007-12-07 07:46:00 Two known facts about financial markets are 1) They’re unpredictable - the movements of markets has been likened to a drunkard’s attempts to find his way home (random walk theory), and 2) They’re volatile - in The (Mis)Behavior of Markets Benoit Mandelbrot suggests markets are much more volatile than generally acknowledged by standard financial theories. The corollary ... More About: Investment , Decision , Asset , Asset Allocation , Loca
Money and Marriage
2007-12-04 08:27:00 Fact 1 - around 40% of marriages in the US end in divorce. Fact 2 - The biggest cause of divorce is… money! We all have different preferences to how we manage money. These differences can take the form of amount to spend vs. amount to save, differences in spending/saving priorities, and different approaches to investment ... More About: Marriage , Money
Realtor vs. FSBO
2007-11-14 01:30:00 Traditionally the only way to reliably sell a house was by using realtor / real estate agent. Realtor s are generally qualified, licensed professionals with knowledge across the real estate business and of particular local market conditions. Realtors usually offer a network of contacts - mortgage brokers, lawyers, property inspectors etc. These can be useful, but ...
Smarter Investing - Simpler Decisions for Better Results
2007-10-31 01:51:00 Tim Hale’s Smarter Investing is a simple but highly informative introduction to the world of investing. Investing is something that no one can afford to ignore. Our investment profile varies throughout our lives according to circumstances, but can tentatively be divided into two distinct phases - the accumulation phase (when we are economically active, working, building ... More About: Results , Decisions
Keep Emotion Out of Finance
2007-10-18 02:15:00 Your worst financial enemy isn’t “the economy”, the taxman, or the dubious salesman. It’s yourself, or to be precise - your emotions. In particular, the emotions of fear and greed. Human beings are emotional creatures; we cheer when our favorite team is winning, and become tearful at a sad movie. It’s what makes us what we ... More About: Finance , Emotion
Get Rich Slowly
2007-09-26 00:40:00 Tips on acquiring, maintaining and growing wealth 1 Know yourself. You can’t begin a journey if you don’t know where you’re going. Set your financial goals, ie a holiday, a deposit on a first home, clearing your mortgage, putting your kids through school, a comfortable retirement… Make sure you know what you want. As well as ... More About: Rich
How Safe are your Savings?
2007-09-15 00:25:00 This week leading English mortgage lender Northern Rock had to run cap in hand to the Bank of England (the country’s central bank) to beg emergency funding. Northern Rock’s problems are the latest knock-on effect of the US sub-prime mortgage crisis resulting from the nation’spoorest borrowers defaulting on their debts. Despite reassurances from “experts” that their money ... More About: Safe , Savings
A Random Walk Down Wall Street
2007-09-08 02:44:00 Updated with a new chapter that draws on behavioral finance, the field that studies the psychology of investment decisions, here is the best-selling, authoritative, and gimmick-free guide to investing. Burton Malkiel’s Random Walk Down Wall Street evaluates the full range of investment opportunities, from stocks, bonds, and money markets to real estate investment trusts and ...
Picking Stocks - the Crucial Numbers
2007-09-01 02:03:00 Picking stocks can seem a bit like choosing your lottery numbers, so many choices and no guarantee of success. At least with stocks there is ample information to make your choice easier, so much so it can be hard knowing where to start! Stock picking is not an exact science, but each stock has some crucial ... More About: Stocks , Numbers , Picking , Number
Financial Advisors and How to Choose Them
More articles from this author:2007-08-24 23:34:00 Don’t know stocks from bonds? Not sure how mutual funds compare to ETFs? Money can be confusing, but you can’t afford to stay confused. When in doubt many people turn to a professional advisor. There is certainly no shortage of people willing to tell you what to do with your money, financial advice is one of ... More About: Financial , Choose 1, 2 |
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