Thanks for stopping by the only investing website on the 'net designed by working folks for working folks. As more and more companies dump their old guaranteed pension plans and move their employees into 401(k) retirement plans, it's more important now than ever to learn how to manage your own investments. Come on in and get started!
We'll show you how to get a better understanding of the markets and become a confident, competent investor. And we lay it all out for you in plain English (well, a Southern variety of English, anyway). Hey, you work hard for your money - learn how to make your money work hard for you!
The Best Investment You Can
Make This Winter
The dead of winter. Cold, gray, dreary. Short days, long nights. Slow, quiet.
It goes without saying that winter is mind-numbing for many of us. It is a season that makes us feel like prisoners, locked away in a damp dark cell waiting for the warden (summer!) to set us free. Yeah, winter can be depressing!
There is a plus side to the slow pace of winter, however: we can actually find a little spare time in our normally hectic lives. Now, we can spend that spare time cleaning out closets, straightening up the garage or binge-watching Netflix – all noble endeavors – or we can spend that time doing something…profitable.
In order to have a profitable 401k or IRA, we need to gain some knowledge. So why not take advantage of this slow season getting some investment smarts. The time we invest in learning how to invest is absolutely the best investment we can ever make!
Need proof? Look no further:
> Lockheed Martin
These are just 4 of the hundreds of major US companies that have recently frozen or halted their ‘defined benefit pension plans’, moving their employees to ‘defined contribution pension plans’ (usually 401k’s). What does that mean?
It means these employees are now in charge of their own pension plans, their own financial futures. Instead of the company taking care of their retirement investments, they have to do it – and they better do it correctly or they won’t have a financial future!
Could your company be the next one to throw its employees to the wolves? If so, it will be up to you to decide:
1. how to figure asset allocations for your portfolio
2. how to pick investments for your portfolio
3. how to rebalance, monitor and otherwise manage your portfolio
…and a number of other things as well. Are you ready to make these decisions?
Look, this isn’t meant to be a ‘scare the doo-doo out of you’ blog post. But we would like to make it a wakeup call. It’s never been as important as it is right now to be capable of managing your own investments. Even folks who still have a defined pension plan from their employers need at least a basic understanding of the markets and investing.
The good news? Investing ain’t rocket science! With all the market information that is available nowadays – most of it free – even us dumb working folks can teach ourselves to become competent, confident investors. We’ve got a ton of free resources listed right here on our pages here to get you started.
All that’s needed is some time and effort. Effort…well, us working folks know all about effort. Time? Hey, we’ve got that, too – it’s the dead of winter!
NEWS YOU CAN USE
"Schwab Mutual Funds Now at an ETF Price"
"Fund Managers Accused of Ripping Off Customers"
"Trump's Official Memo Ordering
DOL Review of Fiduciary Rule"
"Not All Fiduciaries Are Created Equal"
"Vanguard Kills 2 Active Stock Funds"
VIEWS YOU CAN USE
"The Only 3 Vanguard Funds You Need to Build a Portfolio" from Kiplinger
"Three Pitfalls to Avoid When Getting Financial Advice"
from US News & World Report
"Retirement Advice from Retired Financial Experts"
from the AP
"4 Reasons You Need an HSA to Go with Your IRA"
" 9 IRS Audit Red Flags for Retirees"
Winter Reading List
Hunker down during the cold, gray days of winter with any - or all - of these 4 investing classics!
Learn to become a smarter investor!!
>>>>> And just so you know:
Clicking on these book images takes you to Amazon.com via our affiliate link. You won't pay a penny more for what you buy, but we do get a few coins for sending you there - and that helps us cover the costs of keeping our website running free!
Here are a couple of very simple retirement calculators courtesy of our friends over at Calculator Pro.
Here are the figures we used:
> Required Annual Income: we put in what we're making now (we don't buy into that "plan to spend 70% of your working income in retirement" idea!)
> Years until Retirement: we shot for age 65, but who really knows, right?
> Years after Retirement: we sure hope to have 20 good years of doing what we want to do!
> Annual Inflation: we used 3.5% (maybe go a tad higher to be safe?)
> Annual Return on Balance: we used 7% (maybe go a tad lower to be safe?)