Tag Archives: Personal Finance

Why Stock Market Investing Isn’t Risky

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There is a myth in the personal finance world that the stock market is incredibly risky. Lots of people never get started because they feel that the second they buy their first stock, the market will completely collapse and wipe out their life savings. Technically, nothing is impossible. However, the odds of something like this happening are so rare that

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Need to Repair Your Bad Credit? Here Is a Step-by-Step Guide

fico credit score range 1

Bad credit can really take a toll on your financial position. Should you need to take out a loan or open a credit card, the situation will be very difficult as you struggle to convince lenders that you can handle credit responsibly. If you are lucky enough to find a lender who is more accepting of your creditworthiness, the interest rates will be very high.

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New Year’s Resolutions

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Newsweek says “Being a better person is the top New Year’s resolutions, according to a new poll from Marist College in New York.” Their findings show that about 12 percent of those surveyed want to become a better person in 2018. The same amount reported wanting to lose weight in the new year. Only 7 percent of those surveyed want to improve

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Financial Advisors vs. Wealth Managers

financial advisor wealth manager

A big change in the financial industry took place with the advent of discount brokers. There were really two main methods to make money with other people’s money in the stock market. You could recommend stocks and bonds to wealthy investors and collect a fee every time your client bought and sold stocks. The fee ranged from 1% to 8%,

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What is Bitcoin?

what-is-bitcoin

Bitcoin is the the world’s most popular cryptocurrency. Cryptocurrency is a form of money that relies on cryptography and computer technology to secure its payments and usually the currency’s generation, maintenance and control is not controlled by a central authority as opposed to the  “money” we see everywhere. How is Bitcoin Controlled and Recorded? Bitcoin is controlled and maintained in

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A Brief Introduction to Bitcoin

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I read an article recently from 2013. CNN Money reported “… A British man threw a hard drive containing more than $9 million in bitcoin into the trash. The device is now buried under a mountain of garbage at a landfill site in Wales. It will be almost impossible to find. James Howells got rid of the drive, which holds

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Power of Attorney – Get it!

power-of-attorney

A friend of mine visited his late father’s wife at a retirement community in Portland, Oregon. As he was preparing to leave, he noticed a newspaper, the Northwest Boomer & Senior News. In the paper was a column by Sam Friedenberg called Elder Law. He learned some very useful information from Friedenberg, an attorney who has been practicing law for

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What is a Reverse Mortgage?

reverse-mortgage

Will the reverse mortgage surge in the coming years? We think so. Tyler Durden at Zero Hedge wrote yesterday, “Nearly eight years into an economic recovery, nearly half of Americans didn’t have enough cash available to cover a $400 emergency. Specifically, the survey found that, in line with what the Fed had disclosed in previous years. Forty-four percent of respondents

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