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Is it Better to Buy or Rent? 2008-03-05 17:48:59 The question of whether to rent or buy might sound like something of a no-brainer, but are there any circumstances in which renting is preferable to owning?
Let’s begin with a brief reminder of the benefits of ownership.
Although paying a mortgage can initially be more expensive than renting, over time it becomes relatively cheaper as wages and [...]
Real Estate Slump Isn’t All Bad 2008-02-25 17:38:34 There’s been much ado about the current problems in the real estate market with foreclosures rocketing and prices dropping like a stone. A quick random sample of the media finds CBS reporting Foreclosures Jump 79 Percent In 2007 (Jan 29 2008) while CNN hass Home prices in steepest quarterly drop (Feb 14 2008) and Mortgage [...] Read more:Estate
, Real Estate
, Slump
Money Isn’t Evil 2008-02-16 18:25:45 I often wonder whether the reason many people find it hard to acquire and accumulate wealth is that they have been brought up to believe the pursuit of money is somehow sinful. Even the Bible says: “the love of money is a root of all kinds of evil.” Although this is often mis-quoted as: “money [...] Read more:Money
Preventing Identity Fraud 2008-02-09 18:03:11 Horror stories abound of people having their identities stolen and suddenly find themselves with huge debts they knew nothing about.
It is true that ever more complex financial systems, and in particular the proliferation of online transactions, increase the potential for identity fraud. But by taking a few simple common-sense precautions you can minimize the chances [...]
Market Turmoil and the Small Investor 2008-01-28 17:27:51 The financial markets have begun 2008 in turbulent fashion, with huge falls being followed by recoveries of almost the same magnitude. The turmoil is being blamed on US sub-prime mortgage losses (ie greedy banks getting their fingers burned) and the subsequent fear the US is heading for recession.
So what can the small player make of [...] Read more:Investor
, Market
, Small
, Turmoil
Is Playing the Lottery Worthwhile? 2008-01-17 17:56:30 State/National lotteries have been described as taxes on fools. Most involve trying to pick a subset of numbers from a much larger master set with ludicrously long odds against success (In the UK game of trying to pick 6 from 49 the odds of winning are something like 14 million to one!) Week upon week [...] Read more:Lottery
, Worthwhile
Think Big (and kick ass?) 2008-01-17 17:52:28 Described by Jack Canfield (of Chicken Soup fame) as Donald Trump’s version of The Secret, Think Big and Kick Ass must be causing librarians around the world a dilemma over whether it should be filed under business or self-help.
Think Big has arisen from Trump’s association with the Learning Annex Wealth Expos and is co-authored with [...]
College Fees - Are they worth it? 2008-01-05 17:54:32 One of the most common and demanding goals in personal financial planning is to accumulate enough money for putting the kids through college. While I don’t doubt the value of education I strongly recommend serious consideration of whether a full-time college degree or diploma for your offspring is necessarily the best use of the time [...] Read more:College
New Year Financial Resolutions 2007-12-29 17:52:01 Time flies. Another year is just about to bite the dust, and a new one is almost upon us.
Do you still make New YearResolutions
? Or have you long since given up with a history of pledges that never made it through January? Either way, New Year really is an excellent time to make some [...] Read more:Financial
How to Create Wealth 2007-12-18 01:57:47 Creating wealth begins with learning to adopt the right thoughts and habits. Before you can create wealth you have to start thinking wealthy, and that begins with day-to-day money management.
Spending
What dictates your spending? Do you spend what you earn, what you need?
We all need food, shelter and clothing. We might want the latest wall-sized flat-screen [...] Read more:Wealth
Are you a TISWASser? 2008-03-11 17:56:11 Recent research by the UK Skipton Building Society has dubbed under 35s the TISWAS (Thirty Something Without Any Savings) generation.
Supporting what’s already known about spiraling consumer debt and related problems the key findings were:
* 18% spending more than they earn
* 20% having no savings at all
* 53% not paying into a pension plan
* Debt repayment [...]
Beware the Boiler Room 2008-03-18 19:10:31 BBC News reports a father and daughter have been accused of a $70 million share scam. The pair are suspected of conning some 15,000 UK residents (mostly seniors) into parting with cash for worthless stock in dormant companies.
So-called boiler room scams are all too common. It’s rare for the perpetrators to be caught, and even [...] Read more:Beware
, Boiler
Is it Time to Rent? 2008-03-28 18:38:40 Two articles in today’s English Daily Mail suggest the growing credit/housing crisis is spreading from the US to GB.
Despite recent reductions in the Bank of England’s interest rate “Now families face £1,300 a year mortgage increase” reports that mortgages are actually rising by substantial amounts. Those coming to the end of fixed-rate and discounted deals [...]
Be Careful Who You Trust 2008-04-09 18:26:38 thisismoney.co.uk carries the disturbing story of a businessman who lost £250,000 (~$500,000) from his pension fund as a result of poor financial advice.
68-year old Ted Rapley had accumulated £437,000 over 30 years and was set to receive a comfortable lifetime retirement income of over £32,000 a year. However, on the recommendation of his financial advisor, Mr [...] Read more:Careful
The Credit Crunch and You 2008-04-15 18:20:49 Unless you’ve been on another planet for the past six months you’ve probably heard of the credit crunch. But what is the credit crunch and what does it mean to you?
Over the past few years banks have been eager to lend money while being less than careful in checking the ability of the borrowers to [...] Read more:Crunch
Is an IVA a better alternative than bankruptcy? 2008-04-18 17:33:33 An Individual voluntary arrangement (IVA) is an alternative to bankruptcy
in some circumstances. An insolvency practitioner takes charge and a repayment plan is negotiated dependent upon income and expenditure. If 75% of creditors agree the agreement will become legally binding and bankruptcy is avoided if all of the payments are met. There is a fee [...] Read more:better
What exactly is a Payday Loan? 2008-04-18 17:30:52 A payday loan is a short term loan in advance of your regular pay day, which you might find of use if an emergency financial situation occurs, you don’t have enough money to cover it, and your pay day is too far away. Read more:Payday
, Payday Loan
Asking for help with your debt 2008-04-18 17:15:58 Never be afraid to seek debt help, however you find it suits you best. If you find you are keeping secrets about financial troubles from someone that cares about you, you’ve got a problem that needs dealing with, so get working on it as soon as possible. But start the easy way, for your own [...]
Employment vs. Your Own Business 2008-05-12 18:23:02 The question of whether its better to be employed or to run your own business has probably occurred to most of us at some time or another. In fact both paths have advantages and disadvantages. Here are some pointers on how to decide what’s best for you. Read more:Business
Strategic Investment Mixology - The Holy Grail Cocktail 2008-05-31 01:46:09 by Steve Selengut
So what do your Investment Manager and your neighborhood bartender have in common, other than the probability that you spend more time with the latter during market corrections? Antoine Tedesco, in his “The History of Cocktails” article, lists three things that mixologists consider important to remember and to understand when making a cocktail: [...] Read more:Grail
, Strategic
Is Trading Dumb? 2008-06-08 01:46:54 Trading is the buying and selling of stocks or other financial instruments over short periods with a view to making a profit between the opening and closing of a position. By contrast, investing is the accumulation of assets over the long term. Although investors adjust their portfolios, this is part of a longer strategy rather [...] Read more:Trading
The Second Half of the Game 2008-06-14 13:36:58 You’ve played a good first half by working hard, and being astute and disciplined enough to build up some assets. Now, with retirement on the horizon, your financial focus needs to shift from building wealth to making sure that you get to keep what you have, get the best returns from it, and - when [...] Read more:Second
How Active Should You Be? 2008-06-20 01:48:00 How active should you be in re-arranging your investment portfolio? For an ideal investor in an ideal world, the simple answer is as little as possible. But this assumes, of course, you always make the right decisions and that life is completely stable. In reality things change, in the economy at large as well as [...] Read more:Active
Save 71% on Kiplinger’s Personal Finance Magazine 2008-07-04 00:41:54 Keep your finger on the pulse of all the latest personal finance news and views.
Kiplinger’s provides you with the information you need to make smart decisions about your money. Each issue includes reporting on investments, taxes, insurance, paying for college, planning for retirement, home ownership, major purchases such as cars and computers and other personal finance topics.
Now availa Read more:Magazine
, Personal
The Warren Buffett Way 2008-07-03 01:56:08 If you leave enough monkeys sitting at typewriters for long enough one of them will eventually tap out a masterpiece of literature. Today it’s widely held that it’s impossible to consistently beat the markets. Yet one man stands alone for doing just that - WarrenBuffett
.
Is Buffett simply the lucky monkey that chance has smiled [...]
Quarterly Window Dressing - A Recurrent Wall Street Scam 2008-07-03 01:21:43 by Steve Selengut
“The time has come the walrus said, to talk of many things”: Of corrections–portfolios— and window dressing— of market cycles— wizards— and reality.
Quarterly
portfolio window dressing is one of many immortal Jaberwock-like creatures that roam the granite canyons of the Manhattan triangle, sending inappropriate signals to unwary investors Read more:Dressing
, Street
, Window
Indexing is King - but what Index? 2008-06-25 02:07:28 There is widespread agreement that index (tracker) funds produce superior returns to the average actively managed fund (see Why Managed Funds are Bad for your Wealth). That is, if you invest in a tracker you’ll most likely make more than if you invested in active management. It must be said that some active funds do [...] Read more:Index
, Indexing
Volatility Rocks The Investment Markets 2008-06-25 01:40:36 by Steve Selengut
Gets your attention, doesn’t it? The unfortunate thing though, is that most people will react negatively to this intentionally inflammatory, media-ready, title statement. Has some Wall Street virus attacked our financial experience memory chip? Bouncing around unpredictably is precisely what the markets have always done. In the last forty years, there have been [...] Read more:Markets
, Rocks
, Volatility
Massive Savings on Top Business & Finance Magazines 2008-07-17 02:46:03 Knowledge is power! Keep your finger on the pulse of business, economic and financial events with these leading magazines offered at substantial discounts in proud association with Amazon.com. Check out these great deals and start boosting your wealth:
SmartMoney comes to you straight from the editors of the Wall Street Journal, the best financial reporters in [...] Read more:Business
, Magazines
, Savings
, Top Business
Investing Psychology - Does Wealth Begin in the Mind? 2008-07-13 02:08:48 Traditionally the study of economics and finance is based on the assumption that people always behave rationally. In reality people often behave irrationally, ie not in their own quantifiably best interests. Behavioral finance, the combination of psychology and financial theory, is now a growing academic discipline. This article reviews some of its key features and [...] Read more:Investing
, Wealth
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