Every year, investors miss out on millions of dollars that could have remained theirs.
These millions are taken from big and small investors alike, but the investors all have one thing in common—they invested their hard earned funds in high cost mutual funds.
Some people (brokers and mutual funds mostly) will claim that higher costs translate into [...]
Like all new year’s resolutions, the sooner we change, the more we benefit. And much like our health, the consequences of poor financial decisions can take years to appear. Fortunately, it is possible to restore our financial health later in life.
Just like exercise, but different
But just like exercise, the longer you delay saving, the harder [...]
If we can’t beat the market, what’s left? Well, we can cross our fingers, selecting individual stocks and fund managers in hopes that we’re making the right decision.
Or we can approximate the market’s returns by owning everything. There are several benefits to this approach:
You’ll beat approximately 85% of managed funds When the market goes up, you [...]
Most investors skip this step and billions are made thanks to their oversight.
Investors spend countless hours trying to find an angle to give their investments a boost. This hope persists because the financial industry invests millions spreading the myth that you can beat the market.
Unfortunately, beating the market is highly unlikely, especially over the long [...]
People often set money aside for retirement, but underestimate how much they need to save. Fortunately, figuring out how much to save isn’t too difficult.
How much will I need at retirement?
Experts generally agree that you can safely spend 2-3% annually of your nest egg. Anymore, and you significantly increase the risk of outliving your savings. [...]
This step is essential; it is hands down the most important, for this reason:
For every decade delayed, one must save twice as much.
This means if $1,000/month was enough in your twenties, you’ll need $2,000 monthly if you’re in your thirties. For those of you starting in your forties, $4,000 might be in order.
Once you pick [...]
