Financial Goals

What goals are you committed to achieve in 2009?

Posted January 12, 2009 by Bernz

Will you use your gym membership? Will you stop smoking? Will you eat healthier foods, spend less, save more, be kinder. Show up to work on time and not call in sick when you just want to sleep in?

2009new1What goals will you make for the New Year and stay disciplined until you achieve them?

A sorry economy, the drawn out war…so many things affect our moods and attitudes and energy level, it can be an amazing accomplishment just to get up in the morning and get dressed.

I’ve given up on making New Year’s resolutions rather each year I focus on setting goals that relate to specific areas in my life. For instance there’s health, business, finance, and family. I write down at least three things that I want to achieve.

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Posted in Career, Financial Goals, Misc | 1 Comment »

Financial Goals, You Have Those Right?

Posted November 1, 2008 by Bernz

The media is really making a big deal about the stock market right now and how much money people are losing. However, those with clear set financial goals are not sweating at all or certainly a lot less.

At each stage of life we have different goals and different plans. These all usually involve money, so you have to balance these investments around your cash allocation, income, and your age. Setting your financial goals should involve two steps.

By Nadav Dov Boretzki

Step one: Where are we in life?

Are you going to stay where you are? Do you have any school plans? Are you married, single, engaged? Are you planning on buying a house? Sometimes it feels like we need a financial planner to aid us in figuring all this out, but in effect you need to gauge where you are going or where you want to be in the next 5-10 years. If you are going back to school, plan for more debt, if you are buying a house, then plan for large down payment, and so on and so on. Risk capital can be a great vehicle to achieving these goals.

Set your financial goals. It’s your money, use it to your advantage!

Step two: Time to distribute the money

So now its time to take your income deduct living expenses (see my article on a spending plan), and then use those savings to grow and achieve your financial goals. Using this plan, you can plan your large purchases and see how soon you can be in that new neighborhood, or in that new dream job that you have always wanted.

Posted in Financial Goals | 1 Comment »

Are annuities right for you?

Posted October 22, 2008 by Bernz

I saw an ad touting how annuity investments protect and guarantee retirement income for life. There are two types of annuities: fixed or variable. A fixed annuity provides a specific amount of money each month for the rest of your life. A variable annuity is either immediate or deferred.

My question is what type of individuals reap the most benefits from annuity investments, particularly given the high fees and cost associated with them.

In Mark Henrick’s article Attraction of Annuities Is in the Eye of the Beholder, I found an answer compatible to what I’d always thought: Annuities best serve people, usually in their 30’s who are looking for tax-deferred breaks and that have already maxed out their 401K and IRA contributions. And of course if you’re in a high income bracket.

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Posted in Financial Goals, Retirement Planning | 1 Comment »

Stress Meter Up? Lower it with Laughter

Posted October 17, 2008 by Bernz

stressI turned off the news. Ask me about what happened in the market and today I couldn’t tell you. I know one thing though. All this talk about the failure of our economy and its global affect was making me anxious and stressed out. And there was nothing I could do. About the economy, I mean. So I resorted to a little comic relief. It eases me back into a state of calm. Laughter has that affect on many people. I hope it does the same for you—at least for a few minutes anyway.

9 signs you need a new bank

1. You call your personal banker and the person answer’s with “Dave’s Quadrant Homes”.

2. You go to make a withdrawal from the ATM and there’s a sign that reads “Sorry, all out”.

3. You stop in to make a deposit and the teller asks if you’re sure.

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Posted in Financial Goals | 3 Comments »

Total International Equity Indexing— The way to a diversified portfolio and better asset potential

Posted October 15, 2008 by Bernz

With total international equity indexing you gain access to non-U.S. companies whose brand names you already know and trust—Tide, Life Savers, and 7-UP are just a few. In all likelihood there are many others you’ll immediately recognize, several probably within your own household.

Here’s a quick overview of how total international equity indexing can help you expand your portfolio and increase your asset potential. I believe you’ll be happy with your ability to achieve dramatic results.

An uncomplicated strategy just right for your pace

By investing in a total international index portfolio you increase your portfolio’s diversification because the wide-spread exposure you gain covers both developed (U.S. and major European companies, plus Canada, Japan, Australia and New Zealand) and emerging markets (all other countries who have started to grow but have yet to reach full political or economic stability). This single-product investing approach with its simplistic structure helps you create positive returns by building equity in some of the highest performing regions and countries world-wide.

Diversification to help reduce risks and increase your earning potential

The concept of diversification is rather simple: don’t put all your money in one place—including the same sector. This way if a market you invest in goes under, all your capital doesn’t sink with it because you have investments in other areas. By investing in a total international equity index portfolio you get an all-inclusive method that helps lower portfolio volatility while at the same time potentially increasing your opportunity for attractive financial gains.

More reasons to consider total international indexing

  • The easy, single-product approach helps you maintain your investing momentum in both U.S. and non-U.S. markets.
  • Changing values of each stock affect their percentages of your total portfolio. Automatic rebalancing facilitates the appropriate transactions necessary to realign your portfolio so your intended allocations stay put.
  • You save money due to minimized transactions which are inherent with frequent manual balancing. Lower costs are passed on to you in the form of higher returns.
  • Eliminate troublesome decision making about how you’re going to allocate assets among developed and emerging markets.
  • Flexible. Convenient. Smart. If you’re looking for an exciting opportunity that keeps step with your stride, this simplified investment strategy could be the perfect fit for you.

Posted in Financial Goals | 2 Comments »


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