Most people agree that 2011 was a tough year for investors. Wild market swings, unpredictable economies and a gridlocked Congress all played havoc with investors’ nerves. In uncertain times like these, the temptation is to move your money from one investment to another, trying to limit your losses. That strategy may make an investor feel better, more in control, but won’t necessarily improve returns. Find out what the best strategy is for 2012 and how to make the most of your investments.
One of the newer trends in investing is the “microloan.” Microloans allow everyday people with relatively small amounts of cash to lend directly to other people. The loans usually range from $25 to $5,000, and the borrowers are typically struggling entrepreneurs in developing countries who are looking to fund their small businesses. You obviously earn some great returns in terms of karma, but is it a good investment monetarily?
Being invested in the market as of late is like being on a roller coaster ride, although for most investors, not quite as fun. Find out what to do with your investments – whether you have a 401(k), stocks, bonds or otherwise – in a volatile market. Certified Financial Planner, Gelasia Steed, offers some helpful guidance.
When managing money, people are often their own worst enemies. Some folks tend to overestimate their ability to manage money and underestimate the risks and complications involved. This means that millions of people are missing out on big opportunities to save, invest and spend more wisely. Here are some ideas for how you can manage your money smarter – often by “doing” less.
America loves sports and professional athletes are some of our biggest cultural heroes – earning millions of dollars and the adoration of millions of fans. However, despite their massive salaries, many pro athletes are vulnerable to going bankrupt. What are some of the lessons to be learned and mistakes to avoid?
We’re fast approaching a worldwide financial meltdown…. Paper currencies as we know them will become as worthless as Monopoly money… Oblivion is just around the corner… Chaos! Madness! Dogs and cats living together!
I know. A bit over the top, right? But the actual ads for investing in gold aren’t all that different from this kind of silly doom and gloom. Marketers know that FUD (fear, uncertainty, and doubt) is a powerful selling tool, and when it comes to selling gold during challenging economic times, FUD rules. So here’s the real deal on gold, minus all hype and doomsday.
Remember the American dream? That good ole philosophy that we could have whatever we want. Well, apparently we took that notion a little too seriously and now, over half of people over age 65 receive income of less than $18,337 a year, according to Retirement USA. Perhaps we should’ve spread out our wants a bit more. Immediate gratification can be great, but what happens when you’re left with nothing in the end? Start by following these five simple steps and you’ll be on your way to a much more secure financial future.
What can gardening teach us about our finances? Like the rest of our lives, gardening involves making choices. Most of us don’t have unlimited grounds and money to create our perfect garden. We have to choose between vegetables and flowers, between grass and gardens. But most gardeners understand that the process is the crux. Try something this spring, evaluate in the fall and during the winter create a plan to improve the garden next spring. Certified Financial Planner, Tammy Kraig, explains how our financial lives can benefit from the same attitude.