The world is full of robo-advisors created to help people invest responsibly and affordably. The premise behind the robo-advisor is to provide automated, algorithm-based investing to help investors get investing assistance. The benefit is that robo-advisors typically charge a fraction of what a human investment advisor charges. Ellevest is a newish robo-advisory service, and it […]
When I was younger, I was taught that the key to financial freedom was saving as much money as you could.
While true, it's not the whole story. Saving can only get you so far - you need to invest prudently too.
Everyone knows they should be getting life insurance. But more than anything else, the biggest question is how much life insurance do I need? Unfortunately, there’s no quick or easy answer to that question, at least not if you want a reliable number – because everyone has different needs. But to help you determine how […]
Ratings are everywhere but when it comes investments, none have the cachet and history of Morningstar ratings. Go to any mutual fund and chances are, if they have a good rating, they will tell you what their Morningstar rating is! For example, Thrivent lists Morningstar ratings of their funds on the Fund Details page for […]
A few years ago*, I purchased (invested in?) a few Series I Savings Bonds. It wasn’t a significant sum but I wanted to see what it was like. Series I Savings Bonds are inflation-adjusted savings bonds that have a fixed interest rate and an inflation rate that is adjusted twice a year, in May and […]
If you’ve been looking to roll over your 401(k) into a Rollover IRA, it’s one of the best times to take advantage of stock brokerage promotions. Stockbrokers offer promotions that can get into the thousands of dollars because they know you can bring thousands of dollars to your new account. They are always looking for […]
What if I told you there was an investment with a government-mandated guaranteed rate of return? You probably would say – “Thanks Jim, but I’m not a dummy and I know about certificates of deposit and they’re super boring.” (they’re also super safe!) If you could read the title of this post, you probably already […]
When it comes to running a business, you have to make a lot of decisions. Most of them involve how you’re going to run and grow that business. One of the decisions you probably never thought about as an employee (but changed when you became a business owner) has to do with your retirement plan. […]
As long as there’s been money, there have been folks scheming up ways to steal it. And throughout history, these folks have been celebrated. Everyone loves an exciting story and nothing is more exciting than a bank robbery! You have the most famous ones, the bank robbers, and the likes of Bonnie and Clyde, Billy […]
One of the fascinating parts about the stock market is that practically everyone with an opinion about it is, more or less, right. Is it a good way to build wealth? Yes. Can it ruin fortunes? Also, yes. Is it a Ponzi scheme? Kind of, in the sense that part of the reason it keeps […]
When it comes to Vanguard, it’s no secret I’m a fan. One of my first brokerage accounts was with Vanguard, back in 1998, and I could thank my dad for telling me about them (and the Roth IRA!). So when I say I’ve been a long-time Vanguard investor, I mean it. And as someone who […]