All Entries in the "Building Wealth" Category
Tough Calls
Successful investing is tough. Over the long term, it may be one of the toughest tasks you take on. It’s not about physical toughness. According to a story in USA Today, 60 percent of retired NBA players are broke within five years. The NFL is worse — 78 percent of retired players are in the [...]
Six Ways To Keep Retirement On Track
Whatever your age or stage in life, now is a good time to evaluate your Individual Retirement Account and other retirement assets in order to maximize potential results. Finalize 2009 IRA contributions If you act before April 15, you can still make contributions to your IRA and may be able to deduct it on your [...]
Money Is Slippery
Money is slippery. It is difficult to build wealth and even more difficult to keep it. The stock market is up 50 percent from the lows it hit earlier this year. If you are serious about your investments, it is time to evaluate your investment adviser and review your strategy. Most people have little experience [...]
Is The Recession Over?
Those of you who have read this column or our blog (www.moneymanagerslive.com) will remember that from March forward we have been encouraging readers to become fully invested in the stock market. We likened the stock market to the sale of the century. At a time when most investors were selling all of their investments, we [...]
At A Loss?
The key to recovering your portfolio is ‘avoiding large losses’ It is constantly proclaimed in the media that we are experiencing the worst economy since the Great Depression. I agree the economy is bad and the investment markets have been terrible. However, to compare this downturn with the Great Depression is like comparing the Vietnam [...]
The Trade-Off
It’s been a bear – but the economy is looking up In February, I predicted that once we got to a point where President Obama could speak on television concerning the economy — and the market would go sideways or up — it would be a sign that the market had hit rock bottom. Once [...]
Stock Up
Position your portfolio today for future success For many, a down economy typically translates into a “downer” mentality. The volatile market can be overwhelmingly discouraging, which leads people to sit at their kitchen table with their head in their hands, saying, “Tell me when it’s over.” The good news is it doesn’t have to be [...]
Opportunity Knocks
Chance to buy at these prices only comes around every 50 years Last week I was looking through various stock market charts when my 14-year-old son walked in the room and asked what I was looking at. I thought I would create a teaching moment, so I began to explain how markets move up and [...]
Seven Steps to Building Wealth
Part 4 of 4 Step #6 — Avoid large losses In 2007, the Utah Division of Securities filed enforcement action on 63 cases. Together, they resulted in losses of more than $77 million for 727 investors. Unfortunately, it has always been much easier to lose money than to make it. Money is slippery and hard [...]
Seven Steps To Building Wealth
Part 3 of 4 Step #4: Avoid unnecessary debt Debt can be useful if used properly. A few years ago I went to Africa, and I noticed half-built buildings everywhere. Projects were at different levels of completion and then abandoned. When I asked my guide why, he responded that there is no banking system. There [...]
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