We have never seen instability like this before; the market is going to crash! When the Housing Bubble burst in late 2007, I was just about to get my driver’s license (some might argue that’s just as scary). When the Dotcom Bubble popped in 2000, I had just mastered multiplication and division tables. For the crash prior to that, Black Monday on October 19, 1987, my parents had not even met. Now that I invest my own money,Read More
There is a certain comfort in calculated numbers. They give us the chance to project certain outcomes, probabilities, balances, and funds. You might spend hours muddling over numbers or even hire someone to help you calculate the numbers your career and retirement depend on. Either way, most people embrace a calculation that gives them the security of knowing their plan is working or not. The good news is that 401(k) retirement calculators are often available for free online, but theRead More
Inaugurated just after the great inflation of the 1970s, it’s no surprise Ronald Reagan claimed, “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.” Certainly hyperinflation and stagflation can be trouble for an economy, but moderate inflation is actually a sign of a healthy economy. With that said, even moderate inflation can have a large impact on your purchasing power over the long run.
In theRead More
If you ever wonder what the most likely outcome of your next action might be, you are not alone. Fortunately, there is enough financial research available to create reasonable projections as to how certain investment decisions may impact a portfolio over the long run. If you have read the first two installments of this series, you know how influential the power of compounding and selecting the proper investments can be in maximizing your return. Rather than simply insisting that theyRead More
If some is good, more is better. While exceptions to this rule certainly exist, I don’t think you will find many people who will argue this stance when it comes to their retirement funds. In my previous article, “Who Wants To Be a Millionaire?” I discussed how you can use time as a machine to compound wealth. Here are additional steps that can help you work toward a higher return on your 401(k) and propel you closer to your idealRead More