In my opinion one of the best investment tool is the ETF. ETF’s act a lot like mutual funds except just like stocks they can be bought and sold throughout the day. A lot of people like ETF’s because they track a specific sector or index which helps to promote diversity in your portfolio. There…
A while back I was reading a New York Times article with George Foreman about how he returned to the boxing ring in the late 1980’s. The reason was not necessarily because he missed the ring but because he was flat broke. Foreman had managed to squander $5 million and fighting was the one way…
All over the news the entire summer were stories questioning whether or not the United States and world economies were slipping back into another recession. More and more months go by and job creation is still not being see in the US. There are more and more issues creeping up in Europe that are scaring…
Today marked the end of the third quart and the worst quarter for the US stock market since 2008. Remember 2008? Yeah I know it was one of those years that most of us would like to forget. So this last quart was also one to forget. The S&P 500 last 14.3% and the Dow…
Dividend reinvestment plans (also known as DRIPs) allow you to use your dividend earnings to purchase additional shares of stock. These plans can be great for investors who want to watch their portfolio grow without incurring high transactional costs from buying and selling. Many financial gurus suggest people use DRIPs to create explosive growth. While…
Two common retirement instruments are the Traditional and Roth Individual Retirement Accounts (IRA). There are small differences in both of them that could have a big effect on your retirement dollars. What are the differences and which one is best for you? The Tax Reform Act of 1986 added the “Traditional” part of the Traditional…