Category Archives: Investing
Want a Potential 36% Return? Read On
We all like investing, right?
Sandy is investing her face off, buying rental properties faster than most of you buy underwear. Other people are buying the usual – stocks and bonds – usually within their 401k or Roth IRAs. And still others are investing in more non-conventional assets, like peer to peer lending or commodities or whatever else it is you kids spend your money on. Alas, buying 100 cheeseburgers is not a good investment, even though everyone likes cheeseburgers.
What Does a ‘No-Cost Refi’ Really Mean?
The pitch for a no-cost refinance sounds pretty attractive: replace your current mortgage with a lower-interest rate mortgage and pay nothing for the privilege of doing it. But before signing on the dotted line, it’s important to realize that “no cost” doesn’t typically mean “free” when it comes to refinancing.
The true meaning of “no cost”
No-cost refis usually mean that borrowers won’t pay upfront costs to get the new mortgage loan — so they might better be called “no-initial-out-of-pocket-cost refis” — but that doesn’t mean the loan won’t cost in the long run. In general, there are two ways a lender can offer a no-cost refinance:
Finance 101: How To Choose A Financial Advisor
Things like spending less and earning more are extremely important, which is why those of us who write about this stuff spend so much time focusing on the topics. We want you to create an excess every month that you can then invest for the benefit of your future self. Because I have that ability, I’ve gone to the future and asked your older self about this, and they agree with me. I am the lamest time traveler ever.
Once you’ve got some savings, it’s time to invest it. Unfortunately, most people don’t know the first thing about investing. The stock market is a big scary place, and sometimes stocks go down a lot. How are you supposed to know which stocks or mutual funds to pick? Sure, you could learn about it, but that takes time, and there’s a lot on TV.
So you do what most people do – you find a financial advisor and entrust them with investing your money. Okay, but how do you find a good one? I can’t guarantee you’ll find one that will lead you to crazy riches, but here are a few tips on how to pick a good one.
Balancing Investments And Savings
You want your money to make more money for you. The best way to make that happen is to save or invest the money that you earn. But how do you choose which one is best for you and your future goals? Why do you have to choose? According to Pete Briger, Board of Directors at Fortress, finding a balance between the two is the best way to keep yourself covered.
First, let’s look at what both options entail.
Putting Money into Savings
This is the easiest and certainly the least risky of your options. You simply set aside some money out of every paycheck and then leave it alone.
I'm Leaving Prosper.com Due to Technology Problems
Neither a borrower nor a lender be
For loan oft loses both itself and friend…
- Shakespeare
It’s not me, it’s you. Sure, we can still be friends, but I think that it’s better for both of us if I invest using other platforms. No, no there’s no one else involved. Well, maybe Lending Club did try to win me over a little, but really, you pushed me away. If you just worked a little bit better, we wouldn’t be going through this right now.
Let’s not make this any harder than it has to be. I’ll just stop investing with you and transfer my money as loans are paid off. Oh, my own loan? Yes, well, I’m accelerating the payments and we’ll just make a clean break. I’m sorry. I really wish it could have worked out, but I think that it’s just better this way.
Survey of the Best CD Rates on 1 Year CDs
There are many people who seek the best CD rates when buying a 1 year CD. After all, it is only normal to want the best possible interest rate when buying any investment products. 1 year certificates of deposit are very popular financial instruments among those who want their savings to grow for a few reasons.
Certificates of deposit are guaranteed by the bank and the government not to lose any of their value, so there is no chance of you ending up with less money than you started with after the investment comes to maturity. The value of a CD grows at a constant rate, unlike market based investments such as stocks, whose value fluctuates on a daily basis.
Why Cash For Gold Is So Popular
I read an actual newspaper every day (remember those), and every day without fail there is a two page ad from one company basically begging you to send in your old, broken or unwanted jewelry for cash. It occurred to me to me that I’ve been seeing a lot of these ads lately either on television, on the internet or in print. It made me wonder why this business is suddenly so visible.
The Battle Over a Fiduciary Standard for Financial Advisors
When the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Barack Obama on July 21, 2010, few people expected the heated debate that would ensue over applying a regulatory uniform standard for professional financial advisors .
The Securities and Exchange Commission (SEC) is the agency tasked with drafting a fiduciary or uniform standard to ensure that financial advisors are indeed placing the interests of their clients before their own. The proposed rule has the support from the White House and particularly from Neal Wolin, Obama’s Deputy Treasury Secretary.
Why You Should Invest and Not Pay Off Your Mortgage Early
I’m woman enough to show you the flip side of the coin in our ongoing discussions on whether to pay off your mortgage early by adding extra payments or to invest that money instead. By now you have got to be tired of reading everything that I have to say on the subject, so I combed the interwebs on your behalf and found this awesome video making the case to invest and to not pay down your mortgage.
