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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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7 Big Reasons Why a Roth IRA Isn’t the Best Way to Save for Retirement

By Mikey Rox

Are you trying to decide whether or not you should be building your retirement savings with a Roth IRA? It's true; using a Roth IRA has its advantages -- but there are also more than a few reasons that may make you think twice before getting one. ...

Continue reading 7 Big Reasons Why a Roth IRA Isn’t the Best Way to Save for Retirement

May 10, 2022

Investing in the Metaverse: 9 Tips for Beginners

By Tex Freitag

What is the metaverse? It's a question you may have heard of before but may not know how to answer. Metaverse is a virtual reality platform that is often compared to the Internet. It allows users to create and interact with digital content and ...

Continue reading Investing in the Metaverse: 9 Tips for Beginners

April 28, 2022

6 Ways Procrastinating Hurts Your Finances

By Mikey Rox

Lots of people live by the procrastinator's creed: Why do today what you can put off until tomorrow? You might even be one of them. But while this practice seems innocuous enough, it's actually costing you an embarrassing amount of money. Here ...

Continue reading 6 Ways Procrastinating Hurts Your Finances

April 5, 2022

Why Should Beginners Use the Best Forex EA?

By Tex Freitag

Traders associated with forex have to do and think a lot before the actual trading process starts. This volatile and challenging financial market requires traders to have a certain amount of expertise and knowledge to turn the odds in their favor - ...

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March 29, 2022

100 Words On: Why Luck Is So Overrated

By Len Penzo

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 ...

Continue reading 100 Words On: Why Luck Is So Overrated

March 17, 2022

Roth IRA and Traditional 401(k) Differences: Which Is Better?

By Dominique Brown

For many of us, retirement can often seem like something too far off in the future. However, as we approach retirement age, and as we are exposed with news of economic instability, we often wonder what is in store for us during retirement. Because of ...

Continue reading Roth IRA and Traditional 401(k) Differences: Which Is Better?

March 16, 2022

The Overtaxed Investor: How to Slash Your Tax Bill & Be a Tax Alpha Dog

By Phil DeMuth

Who understands the entire tax code? No one. Finding your tax rate is like shooting a ball into a pin ball machine. You watch it getting slingshot around the board, lighting lights, buzzing buzzers, ringing bells and spinning spinners, falling into ...

Continue reading The Overtaxed Investor: How to Slash Your Tax Bill & Be a Tax Alpha Dog

March 15, 2022

4 Ways to Reduce the Risk of Crypto Investments

By Tex Freitag

Cryptocurrency has become the decade's top financial disruptor. With billionaires, conglomerates, and governments all joining the crypto fold, these digital tokens have soared in value. Just last November, the crypto market cap hit an all-time high ...

Continue reading 4 Ways to Reduce the Risk of Crypto Investments

March 8, 2022

Lottery Fraud: Don’t Get Caught Paying ‘The Stupid Tax’

By Len Penzo

There's an old joke that goes something like this: In order to raise additional revenue, the government is introducing a National Lottery with a daily grand prize of $50 million. Winners will get $1 annually for 50 million years. Heh. I smile ...

Continue reading Lottery Fraud: Don’t Get Caught Paying ‘The Stupid Tax’

March 7, 2022

Con-Do or Con-Don’t: What to Consider Before Buying a Condo Investment Property

By Corazon Gritar

There's no denying the fact that real estate investments, when executed properly, can lead to a number of financial rewards. But while most investors think of single and multi-family homes as being the wisest investments, many people underestimate ...

Continue reading Con-Do or Con-Don’t: What to Consider Before Buying a Condo Investment Property

February 15, 2022

What Is a Hedge Fund?

By Sabado Domingo

The use of hedge funds in financial portfolios has grown dramatically since the start of the 21st century. So what is a hedge fund? Well ... a hedge fund is just a fancy name for an investment partnership that has freer rein to invest aggressively ...

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February 7, 2022

Are Utility Tokens Worth the Investment?

By Tex Freitag

Through the years, digital assets have steadily gained more acceptance from the mainstream. Between 2012 and 2021, the value of the bitcoin cryptocurrency rose by a whopping 200,000%! Though volatile, many of these investments have historically ...

Continue reading Are Utility Tokens Worth the Investment?

February 2, 2022

4 Good Reasons to Read Gold IRA Reviews

By Enero Febrero

Finding the perfect gold IRA company for you can be quite difficult, especially if you're dipping your toe into the gold market for the first time and aren't exactly knowledgeable about gold or gold IRAs. The good news is that educating yourself ...

Continue reading 4 Good Reasons to Read Gold IRA Reviews

February 1, 2022

When is the Best Time to Start Investing?

By Enero Febrero

For many young adults, heir first experience with investing doesn't happen until sometime after they get their first job. But if your goal is to maximize your returns, then it would be better to begin sooner. Although most young people don't have ...

Continue reading When is the Best Time to Start Investing?

January 25, 2022

How to Safely Invest for Retirement

By Sabado Domingo

How important is it to have a sufficient financial nest egg by the time you are ready to retire? Well ... it should be very important because your life post-retirement depends on it. Believe it or not, a major mistake some people make when ...

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January 17, 2022

56% Of Americans Own Stock: What Else Can You Invest In?

By Enero Febrero

Currently, 56% of all Americans own stock, but it was more common in the years 2001-08, when as many as 68% of Americans owned at least one share. Stock ownership is determined by household income, formal education, and age, but it's not the only ...

Continue reading 56% Of Americans Own Stock: What Else Can You Invest In?

January 17, 2022

Should You Trade Cryptocurrencies with Other Crypto or Use Fiat Money?

By Tex Freitag

By now, you are probably perfectly aware that trading cryptocurrencies can be a profitable pursuit if you don't mind a healthy dollop of market volatility. The unstoppable rise of bitcoin (BTC) has been so stark that even countries, such as El ...

Continue reading Should You Trade Cryptocurrencies with Other Crypto or Use Fiat Money?

January 14, 2022

6 Simple Ways to Make Better Trading Decisions

By Sabado Domingo

The stock market, like many other aspects of life, can be unpredictable at times. One day you may feel like everything is on your side and will never go down again; the next day, it drops by five hundred points. It's easy to become stressed or ...

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January 14, 2022

6 No-Nonsense Ideas for Earning Passive Income

By Enero Febrero

It really sounds good to the ear when you listen to someone talking about ideas that allow you to make money without grinding from 9 to 5. After all, earning a stable passive income is a strategy used by many successful millionaires. With passive ...

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December 29, 2021

5 Common Mistakes You Need to Avoid as a Beginner Forex Trader

By Sabado Domingo

With a low entrance threshold, the foreign currency exchange (forex) market is among the most inclusive day trading marketplaces on the planet. In fact, the forex markets draw a lot of novice traders since the entrance restrictions are so low; this ...

Continue reading 5 Common Mistakes You Need to Avoid as a Beginner Forex Trader

December 20, 2021

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