Word has been spreading that some gold experts have cracked open the gold bars that they bought only to discover tungsten (a metal worth about one-fifth of the value of gold) inside. Since tungsten has a similar density to gold, it’s easy to confuse people, amateurs and experts alike. With bars of gold that weigh ten ounces or more, using regular x-rays to determine the chemical composition of the metal doesn’t work well since the x-rays don’t penetrate deep enough.
Douglas Goldstein interviews former Chief Economist for the International Monetary Fund (IMF) and Harvard professor Ken Rogoff on the American debt crisis.
Comedian Billy Connolly once said, “Marriage is a wonderful invention; then again, so is a bicycle repair kit.” However, what Mr. Connolly probably was not aware of when he said this was that marriage can also prolong your life more than a bicycle repair kit would.
Have you ever met the kind of guy that would sell his own grandmother down the river? Since more and more elderly people are being swindled and financially abused every day, it’s crucial to learn how to protect your grandmother and other seniors you care about.
I am a big believer in math. I studied many complex topics in college, and I think others should, too. But first teach kids practical math in school, and then if they decide to study further, only then start with the abstruse topics.
As a financial planner, I often ask new clients why a particular investment is included in their portfolio. One answer that I find somewhat worrying is: “I don’t really know how to explain it, but I just had a gut feeling that this stock was going to be a winner!”
As a financial adviser I notice that certain money mistakes are very commonplace. Are you making these kinds of errors that can destroy a fortune? Instead of learning from your own mistakes, try learning from other people’s mistakes. Here is a list of some of the most common mistakes in financial planning.
Sadly, as stated above, ZeekRewards is not a one-off story. Apart from desperation to make more money, another possible reason people fall for these schemes is that the scammers may have gotten smarter. However, there are three basic measures that you could follow to protect yourself from falling victim in a financial scheme.
Wealth transfer is a hot topic in financial planning. Thinking about how to pass funds from one generation to the next can be emotionally difficult. Perhaps the older generation doesn’t approve of the way the younger spends the money, or the younger generation isn’t involved in the family business. Furthermore, tax and legal issues can complicate matters.
Spiritual accounting is similar to the financial accounting. In order to be an effective investor, it’s a good idea to sit down once a year with your financial adviser and ask a few questions.
Whatever the reason, if you reach retirement age and you see that you are not going to have enough money for your anticipated needs, what should you do?
Mazal tov! Your son or daughter has just got engaged.
While generally peer pressure is viewed as a negative trait, emulating successful people may help increase your own chances of success.
How do you visualize your retirement years? Most people hope that they will finally be able to do the things that they never had time to do during their working years. Very frequently, folks anticipate retirement will be a worry-free time, full of enjoyment, and ample time to spend with family and friends. As a financial adviser, I am often saddened to see retirees facing a different picture.
You’re never too young to start planning for retirement.
How to lighten the load in the case of disaster.
There are thousands to choose from… which mutual fund is right for you?
Though every investment has pros and cons, consider using one of the most common investment tools around.
The best-selling book The E-Myth examines the success of McDonalds and what we can learn from it.
What did you do when you received a purple vase decorated with green stripes and gold roses as an inheritance from your late Aunt Minnie? Did you give it a place of honor in your breakfront, hide it away in the attic, or did you follow your spouse’s instructions and “sell that hideous thing because at least you might get some money for it”? Chances are that you wouldn’t dare sell the vase, simply because of its sentimental value.
There’s no such thing as a perfect investment.
Have you thought about investing in dividend-paying stocks? As the name suggests, these are stocks that pay out a certain percentage of the company’s earnings as a dividend periodically (usually quarterly) to the investor. Recently, dividend-paying stocks have received a good press in publications such as The Wall Street Journal. Have you considered why dividend-paying stocks might be good for you?
There’s no such thing as a free lunch.
Since you can’t take it with you, why not give it away with a warm hand?
Should you sell out of your portfolio now?