Archives for the ‘Building Wealth’ Category

Six Ways To Keep Retirement On Track

By contributor • Mar 1st, 2010 • Category: Building Wealth

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 [...]



Money Is Slippery

By contributor • Nov 2nd, 2009 • Category: Building Wealth

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.
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Is The Recession Over?

By contributor • Sep 1st, 2009 • Category: Building Wealth

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?

By contributor • Jul 1st, 2009 • Category: Building Wealth

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 War [...]



The Trade-Off

By contributor • Apr 30th, 2009 • Category: Building Wealth

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 you [...]



Stock Up

By contributor • Mar 3rd, 2009 • Category: Building Wealth

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 this way. [...]



Opportunity Knocks

By contributor • Jan 9th, 2009 • Category: Building Wealth

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 down in [...]



Seven Steps to Building Wealth

By contributor • Nov 10th, 2008 • Category: 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 to hold on [...]



Seven Steps To Building Wealth

By contributor • Sep 11th, 2008 • Category: 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 is no way [...]



Hire a competent financial adviser

By contributor • Jul 12th, 2008 • Category: Building Wealth

Step 3: Why you shouldn’t hire a financial adviser simply based on trust
It has always been easier to lose money than to make it and keep it.  According to the Utah Division of Securities, during 2007 alone, they filed enforcement action on 63 cases. Within those cases, 727 investors lost more than $77 million.
Managing your [...]