This is a guest post from Robert Farrington 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
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
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
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 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
“You can’t make money in real estate these days. It’s impossible.”
Of course you can. The market isn’t “bad” – no market for any worthwhile commodity is either unequivocally good or bad. Real estate, whether raw land or fully improved buildings, obviously has a function and will continue to. Real estate, in and of itself, is not subject to obsolescence. You know, like ambergris or Pets.com stock.
As long as people
Continue reading REITs: A TIERed Investment For Dyslexics
The relentless rise of health care costs can really put a strain on your household budget. Even with an insurance plan, health care expenses can add up when you consider most people still have to pay deductibles, copayments and other items not covered by insurance.
A great way to offset these rising costs is through the use of flexible spending accounts (or FSAs). FSAs are employer-sponsored accounts that allow employees to
Continue reading Flexible Spending Accounts Provide Free Money. Why Pass It Up?
I was watching a King of Queens marathon late last night and my viewing enjoyment was continually being disrupted by those ubiquitous Cash4Gold ads that urge viewers to collect their unwanted jewelry so it can be turned into “cold, hard, cash!”
After the 40th commercial, I finally decided to give up and TiVo the rest of the marathon.
This cash for gold thing would have made a great episode of the King
Continue reading Evaluate Your Options Before Selling Gold Jewelry