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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

100 Words On: The Importance of a Balanced Investment Portfolio

By Len Penzo

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 ...

Continue reading 100 Words On: The Importance of a Balanced Investment Portfolio

September 1, 2022

100 Words On: Why Tracking Your Net Worth Is So Overrated

By Len Penzo

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 ...

Continue reading 100 Words On: Why Tracking Your Net Worth Is So Overrated

August 4, 2022

5 Reasons To Sell a Lottery Jackpot Annuity

By Sabado Domingo

Most lottery prizes are offered in the form of periodic payments to the winner. As a result, the winner has to linger on for years before he gets to have the full amount of winnings. There are many wonderful benefits of holding on to the annuity ...

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July 27, 2022

5 Investment Options During a Recession

By Sabado Domingo

As the old saying goes, what goes up must come down. And while the stock market has been on a tear in recent years, investors would be wise to remember that recessions are a reality of the business cycle. A financial advisor can help you build a ...

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July 26, 2022

4 Steps to Financial Independence

By Sabado Domingo

Once you have achieved some basic financial goals, such as paying off all debts except for perhaps your mortgage, building up an emergency fund and contributing to a retirement account, it is time to start thinking about achieving financial ...

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July 19, 2022

7 Reasons Why You Should Use a Roth IRA for Retirement Savings

By Mikey Rox

Are you thinking about fortifying your retirement savings with a Roth IRA? Sure, Roth IRAs have their disadvantages -- but there are some really good reasons why you may want to consider one too. Here are the seven best: Qualified distributions ...

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July 19, 2022

How To Start Investing In Cryptocurrencies

By Sabado Domingo

what is crypto airdrop

According to the most recent data, there are 18,000 different cryptocurrencies, with a total market value of $2.1 trillion. This growing popularity has led to a surge in interest from investors looking to get into the market for the first ...

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July 1, 2022

What Beginners Should Think of Before Starting Forex Trading

By Tex Freitag

With more than $6 billion in daily turnover, the forex market is one of the most profitable financial markets. So it's no surprise that people are joining the market daily as traders. And although forex trading can be very profitable, investors ...

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June 20, 2022

The Five Most Valuable NFTs

By Tex Freitag

NFTs, or Non-Fungible Tokens, are becoming increasingly popular as investors and collectors seek to participate in the latest blockchain craze - and some of the sums paid for them are absurd. Throughout 2022, NFTs will continue to increase in ...

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June 13, 2022

Investment Options for Excellent Returns

By Enero Febrero

Investing is an important part of planning for the future, especially when considering retirement. Saving for your retirement and financial stability is one of the most important things you can do while you're young. Many financial advisors will ...

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June 3, 2022

It’s Hard to Be a Good Investor If You Aren’t Having Fun

By Enero Febrero

Investing is something everyone should do if they want some financial security in their future, but more than half of Americans never invest at all. As a result, when they finally get to retirement age, they end up dependent on government social ...

Continue reading It’s Hard to Be a Good Investor If You Aren’t Having Fun

June 1, 2022

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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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

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