This recent series has been all about Saving Money. Just as with any task, saving money can be broken down into stages. In this case I outlined “4 Quadrants of Saving” to illustrate how each quadrant (or stage) builds on the previous one, and how the task can be made more achievable.
Continue reading “Quadrant #4 of Saving: Protecting Your Savings”
More on Saving. Saving is a critical subject at all ages — for the simple reason that savings and investments give people choices at various points in life. In my latest series, I have broken down the concept of Saving into “4 Quadrants”:
Continue reading “Quadrant #3 of Saving: Personalize Your Savings Plan”
Last week we explored Quadrant #1 of Saving, or Personal Vision. This week we take the next step beyond vision to build a portfolio that attempts to bring the vision to life… at some point in the future.
This is what “Quadrant #2 of Saving” is all about: Building a Portfolio.
Unfortunately, this step is often mistakenly addressed first (prior to the vision step) by investors and less-qualified advisers alike. Why? Because the portfolio is the part everyone likes to talk about! Of course, the portfolio is essential; but success depends first on Quadrant #1 and addressing the “Commonly Overlooked” items (see last week’s edition). A plan must be in place to build the savings that go into the portfolio — no savings, no portfolio. Continue reading “Quadrant #2 of Saving: Personal Vision”
What are you saving your money for?? Or maybe I should take a step back and ask, ARE you saving?
Life is a lot easier with savings in the bank (no ####, Sherlock). However, the act of getting around to saving money may be one of the hardest tasks to achieve in life. It can help first to figure out for what — and when and with whom — would we even save in the first place? Accumulating savings can be much more attainable after asking yourself these questions. From here, a “savings plan” can begin to form.
Continue reading “The 4 Quadrants of Saving”
How about the recent article I read in The Wall Street Journal titled, “Why Do U.S. Stocks Keep Hitting Records? Here Are Five Theories.”* There are at least five reasons for the recent (mostly) strength in U.S. — and global — stocks. Based on historical returns, a nod toward cautious optimism is always healthy as well. For my long-time readers, this means I will also reference “The Greatest Chart Ever”! Read on…
Continue reading “Market at Record High: 5 Theories”
For the non-golfers you may ask, “Who is Jordan Spieth?” But like Michael Jordan and Derek Jeter, Jordan Spieth is one of those characters who nearly everyone now knows, golfer or not…sports fan or not.
Jordan Spieth is, of course, the 23-year old professional golfer who is nearly topping the record books with his winning of three major professional golf tournaments before the age of 24. His win at “The Masters” back in 2015 (at age 21) was almost as publicized as the Cubs winning the World Series. At the end of that same season, he won the season-long (nearly 11 months) “FedEx Cup” which comes with a bonus of… $10 million. Continue reading “What Jordan Spieth Can Teach Us About Investing”
I received a number of inquiries regarding my comment highlighted below in green.
- The reason I said, “…I am working on ALL of them except #3 & #4…” is because I was able to achieve #3 — maxing out on retirement contributions to a 401k and IRA — long ago in my late 20’s. Being able to achieve this goal was often at great sacrifice involving less leisure travel, not owning car for the first 10 years after college, and choosing small (VERY small – and cheaper) apartments in New York City. I have remained committed to maxing out my retirement contributions over the years into the present and I pass along this advice to “max out” at every appropriate opportunity.
Continue reading “Hawaii 5-0: A Clarification”
Turning the “Big 5-0” is something that can be celebrated or dreaded. For me, I chose celebration — in Hawaii just recently! I truly believe that life keeps getting better with the turning of every year. Perhaps someday the experience will change, but so far so good.
Various milestones whether it be reaching a certain age, job position (change/ promotion/ retirement), family stature (marriage/ parent/ grandparent), or even sporting achievements…deserve to be recognized. Then, along with recognition comes reflection. Of course, for me, having chosen to manage peoples’ financial lives as a profession, reflecting a great deal on the future comes naturally. My husband may even say that I drive him nuts “reflecting” on the things we need to be doing today and over the next 10-15 years to make retirement a reality. Continue reading “Hawaii 5-0”
What is Robo-Advising? And why would I call this article “The Amazon of Investing?”
Last week saw the news of Amazon bidding for Whole Foods Market in an attempt to combine the earth-shattering capabilities of online with something as everyday as food shopping. In last week’s edition, I mentioned that there are far-reaching implications for a tech company bidding for a grocer. One of these implications involves technology having moved full-force into the world of investing…and beyond. Continue reading “Robo-Advisors: The Amazon of Investing”
Very short note today due to various Father’s Day festivities, oh, and golf’s US Open with an exciting weekend ahead!
The news yesterday of Amazon looking to buy Whole Foods Market (home of “Whole Paycheck”) has a multitude of far-reaching aspects, all worth expanding upon in future “TGIF 2 minutes” editions. Continue reading “Balance Between Online and B&M Shopping”