Over the course of this past month US indexes have fallen around 9% in value, erasing all gains made throughout the year. Emotional investors will see this downturn as a reason to bail from stocks, and in doing so will invariably lock in their losses. The only way to successfully …
In 1971 the United States government closed the gold window and completely took the US economy off of the gold standard in order to help finance the Vietnam War. Since 1971 the value of an ounce of gold has gone from $35 to $1,300. I do not believe that we …
Retirebyforty posted an article on financial setbacks, which got my gears turning on a major financial blunder I had about 5 years ago. I had several co-workers who were older than me who invested in real estate. They made it sound like it was easy money, and I wanted to …
It seems that many advisers are questioning if $1 million is enough money for a comfortable retirement. At the same time, they keep selling the “necessity” of having 75-85% of your current income to retire. I think that both of these notions are incorrect for most people. For someone earning $100,000 …