Invest

Want to Retire? Automate Your Investments – Today

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If you’re under the age of 40, then retirement might seem like that far-distant place you hope to maybe get to one day, if you can save enough money or you win the lottery. So it’s certainly easy to put off any decisions about saving for retirement, especially if you’ve got other short-term, pressing financial […]

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Here’s Even More Proof the ‘Experts’ Aren’t Always Right

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I’m not going to spend the time linking back to posts where I argue that you shouldn’t listen to so-called ‘experts’ when it comes to investing or stock picking – I’ve talked about it so much that if you haven’t gotten the message yet, you’re on your own. But yet again, there’s irrefutable proof that […]

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Day 12: Automate Your Long-Term Savings

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Since today’s post is about automation again, I can use another picture of a robot. So here’s a robot with a frog. Automating your long-term savings is the key to protecting yourself … from yourself. When you’re attacking a long-term goal, it’s incredibly easy to procrastinate or convince yourself that something else is more important. […]

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Day 11: Open Long-Term/Retirement Accounts

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Today’s post may be one of the most important chapters in the entire book. It’s a perfect example of the mentality that, if you just get it done, you will be set for the future. We all love a little bit of procrastination, but given that saving for retirement is all about maximizing your time, […]

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Dollar Cost Averaging and the Benefits of Automatic Investing

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Dollar cost averaging describes a way of investing in which a person buys a stock or other asset in a series of small purchases over time rather than in one large purchase. By doing this, investors can protect themselves from the dangers of falling prices by lowering the effective costs of owning a stock or […]

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The Basics of Investing with Bonds

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This is a guest post by Philip Taylor, owner of PT Money: Personal Finance. Check out his blog to discover more ways to save money, make extra money, and spend money wisely. See his latest review of the best small business credit cards. The dictionary definition of the word “bond” is something that binds or […]

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The Market May Be Irrational, But You Shouldn’t Be

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I woke up to a shock as I went online to check my banking. On the screen, one of the equities in my account was showing a value of $47,025,120.00. Yes, $47 million. As delightful a fantasy as that is, I had no real temptation to print off the screen and go take out a […]

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The Lamest Argument Against Index Funds

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I totally get why some in the financial media hate writing about index funds: they’re easy to explain, there’s no amazing fund manager behind them, and the story generally stays the same over time. In essence, there’s only so much to say about index funds. They work. You can’t over-analyze and constantly produce content about […]

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The Scary Truth About Saving For Retirement

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You don’t have to be 55 to start thinking about retirement. In fact, if you’ve waited that long, you’re in a bit of a pickle. While retirement often seems far away if you’re in in your prime working years, you need to make it a priority … now. Because the scary truth is that most […]

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Lessons Learned from a 21-Year-Old Lottery Winner

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What would you do if, at the age of 19, you won $1 million on a scratch off lottery ticket? Probably a lot. A vacation here, a donation there, maybe a gift to your closest relatives, and save the rest for the future, right? That’s the situation Louis Jay found himself in two years ago […]

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Stock Picking Experts vs. Coin Flippers: Who Wins?

At this point, if you still think there really are people who are experts at picking stocks, I’ve got a bridge to sell you in Brooklyn. But I’m going to pile it on with even more irrefutable evidence that stock picking experts don’t exist, and if you’re paying someone to actively manage your investments, you’re […]

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The Best Argument Against Stock Picking Experts

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You know that there’s no such thing as a stock picking expert and that most actively managed mutual funds can’t even beat their indexes. So if you’re being sold on investing with a broker or in a “proven” mutual fund, there’s a legitimate question you have to ask yourself: why? Obviously, the salesman is trying […]

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There’s No Such Thing as a Stock Picking Expert

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There’s no such thing as a stock picking expert. There’s no such thing as a stock picking expert. There’s no such thing as a stock picking expert. Say it with me … “There’s no such thing as a stock picking expert.” And it’s never been more obvious than now. It’s basically been proven that monkeys […]

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