Investing Strategies
Financial Literacy- Does It Still Work?
Posted March 30, 2009 by Bernz
Financial literacy means being savvy with your cash flows and understanding your financial transactions in order to make better decisions that will protect and increase your wealth. Many feel that financial literacy is no longer useful or relevant in the face of our current economic meltdown. They feel that, no matter what consumers know or do, they will be hurt in this recession.
However, financial literacy is more important than ever. Understanding your financial position and how to navigate through tough economic times will give you a leg up in ensuring your financial security.
The people who will survive and thrive in today’s economy are those who have a handle on their personal finances. They know what they own and what they owe and they know where the cash is coming from and going. Every dollar that comes in has a name- meaning they know exactly where it is going.
Popularity: 94% [?]
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: budgeting, financial education, financial situation, Frugality, personal emergency funds, personal finance, Saving Money
Posted in 401k, Debt, Estate Planning, Financial Education, Financial Goals, IRA, Index Funds, Investing Basics, Investing Strategies, Investing in Real Estate, Life Insurance, Loans, Mutual Funds, Retirement Planning, Roth IRA, Saving Money, Saving for College, Simple IRA, Stock Market Investing, Tax Reduction, Traditional IRA, Wealth Building | No Comments »
Is This the Market of a Lifetime?
Posted March 25, 2009 by Bernz
It’s difficult for even the best prognosticators to get a handle on the stock market these days. The massive recession-that-might-be-a-depression that has gripped much of the industrialized world has brutalized stock markets in the US and abroad. Pension funds, college funds and savings accounts have all been hard hit. Recently, CNBC’s Jim Cramer took a verbal beating from Jon Stewart about his inability to predict the crash.
The Dow Jones Industrial Average has dropped to its lowest level in 12 years recently and continues to test that limit. But even with all of the warnings about the dangers of the market right now, some wise investors are in collection mode.
So, is there opportunity in the stock market right now or only grief and despair? Optimists point to the fact that all stocks are getting punished regardless of their fundamentals. That means that there are stocks that are currently undervalued lurking out there. The tricky part is finding the ones that will both weather the remainder of the recession and also do well when the markets turn around.
Popularity: 39% [?]
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: buying stocks, index funds, investing in stocks, Investing Strategies, mutual funds, Stock Market, Stock Market Investing
Posted in Financial Education, Financial Goals, Index Funds, Investing Basics, Investing Strategies, Stock Market Investing, Stock Watch | 1 Comment »
Is Now a Good Time to Start a Small Business?
Posted March 18, 2009 by Bernz
Have you ever had a dream of owning your own business and not having to work for a boss anymore? That is the dream of many employees who wish to have more control over their lives and their finances. With the unprecedented current level of employee layoffs, more people than ever are considering following that dream rather than trying to apply for a new job. Is now really the best time to do that?
Perhaps it’s time for a reality check. Starting a business is often considered to be one method of building wealth. The fact is, however, that 80% of small businesses fail in the first five years, and almost 80% of the ones that survive fail within ten years. Those that make it through the first decade have a solid financial and entrepreneurial foundation that is strong enough to see the business through the tough times. But what if you’re trying to start a business during tough times? It is possible and there is help available.
Popularity: 36% [?]
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: business opportunity, entrepreneur, making money, small business
Posted in Career, Financial Goals, Investing Basics, Investing Strategies, Loans, Misc, Retirement Planning, Wealth Building | No Comments »
What to Do if Your Stock Portfolio is Down 40%
Posted March 13, 2009 by Bernz
These days, there may be nothing in the world more frightening than taking a peek at your investment or retirement portfolios, especially if they contain equities. Stock markets around the globe have been hit hard by the global recession and the value of both individual and corporate investments have been butchered across the board.
“Be fearful when others are greedy, Be greedy when others are fearful” ‘Warren Buffett’
Popularity: 30% [?]
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: equities, Investing Strategies, stock investments, Stock Market Investing, stock portfolio
Posted in Financial Goals, Investing Strategies, Stock Market Investing, Wealth Building | 1 Comment »
Get Updates via Email
Let's Connect
-
Advertisement
-
Recent Posts
-
Recent Comments
- buy generic pills online on Surety Bonds for the Entrepreneur
- online pharmacy without prescription on Surety Bonds for the Entrepreneur
- Ned Carey on Getting the Most from Your Accountant
- Tips for Saving for Retirement at a Late Age | Financial News on Are you a late saver? Try these 4 tips to rev up your retirement fund
- AV Homes on Real Estate Investing for Newbies