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This is a guest post from Robert at The College Investor, a blog dedicated to helping young adults and college students with personal finance, investing, and student loan debt. The sad truth is that most stock brokers are sales people. While they have a more glamorous name, their profession is sales: selling you (the investor) on a product so that they can get paid. And just like used-car salesmen, stock brokers Continue reading Uh Huh: The 3 Biggest Lies Stock Brokers Tell Their Clients Buy low and sell high; it’s the ultimate investing tip, although never easy to execute. That’s why it’s so important to control the risk that comes with investing. One way is by having an exit strategy in place whenever you take a position on a stock, bond or any other investment. That is, establish pragmatic predefined selling points — for both a profit and a loss — that take emotion Continue reading 100 Words On: The (Second) Best Stock Market Investing Tip Ever Many people dream about reaching the million-dollar net worth milestone, as if that lofty benchmark somehow guarantees a strife-free financial life. Preposterous! Net worth — the value of your total assets minus your total liabilities — is overrated because it’s very misleading, as evidenced by many “paper millionaires” who struggle to make ends meet. Yes, net worth is a terrific indicator for estate planning, or identifying Continue reading 100 Words On: Why Tracking Your Net Worth Is So Overrated I have a lot of bad habits. For example, I tend to bite my nails when I get stressed out. I also have a penchant for opening the cupboard to get a drinking glass — then walking away and leaving the door wide open. I know. I can’t explain it either, but it drives the Honeybee absolutely bonkers every time I do it. Even so, I like to remind her that Continue reading 50 Good Personal Finance Habits Everyone Should Follow Conventional wisdom says it’s unwise to put all your eggs in one basket. Likewise, having a large portion of your portfolio in any single asset class — be it stocks, bonds, commodities, or cash equivalents — is financial suicide. Maintaining a well-diversified balanced investment portfolio helps minimize risk by spreading out your investments across multiple classes; think of it as a form of free investor’s insurance that protects you from Continue reading 100 Words On: The Importance of a Balanced Investment Portfolio We tend to give “luck” far too much credit for people’s good fortune. Likewise, we often blame our own personal misfortunes on bad luck. While it’s true that luck is often due to pure chance, more often than not it’s the result of something we actually can control: our mindset. That’s why it’s no coincidence that the “luckiest” people tend to be optimists who are, by Continue reading 100 Words On: Why Luck Is So Overrated It’s often said that a house is our biggest investment, yet the primary function of any house is to simply provide us with a place to live. Yes, handsome gains can be had for those with good timing. However, as investments go, houses rarely match the long-term returns of stocks. And most people forget that property taxes, maintenance costs, insurance, and even real estate agent fees eat into those returns. The Continue reading 100 Words On: Why A Home Shouldn’t Be Considered an Investment It’s been said that if the palm of your right hand itches, you’ll soon be coming into money. On the other hand (seriously, no pun intended), it’s also been said that if your left palm itches you’ll soon be paying out money. Don’t laugh. There are folks out there who actually believe this stuff. What is funny though is if you do an internet search, you’ll find there is no consensus at Continue reading 10 Old Wives’ Tales Masquerading As Financial Rules of Thumb by Gayle B. Tate Flickr Photo Credit: robin.elaine When Marvin Gaspar came to my office for his appointment to discuss an appraisal, I had little clue where I would end up on the roller coaster ride he was about to take me on. Marvin was a claims adjuster from an insurance company who was asking about appraising an artwork. He showed me a few photographs of a Miró (Joan Miró – Spanish, Continue reading 5 Key Tips to Consider Before Deciding to Buy Art Insurance by Gayle B. Tate This morning I find myself running to my office with a package in hand, looking desperately for something to cut the tape with. A painting has just arrived by Priority Mail, and I can’t wait to open it. It is something that was offered by a seller through our web site and, perceiving that I got a bargain, my heart is pounding with anticipation. I am not disappointed. Continue reading 4 Important Art Investment Tips for Newbies and Wannabies |
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