Should You Pay for Investment Advice? This article offers an informed amateur’s advice on paying for investment advice. I have a simple rule that you can use to evaluate all advice that is offered to you, especially advice for which someone who doesn’t know you is asking significant sums of money. Ask yourself why the
List of Investing Quotes from Smart Investors This is a collection of the best investment quotes and one-line pieces of investment wisdom, with brief explanations. Use and apply at your own risk or discretion. They are not in any particular order. #1 Hang up on cold calls. While it is theoretically possible that someone is
What are Mutual-Fund Expenses? This article discusses stealth erosion of wealth, more specifically how mutual-fund expenses erode wealth accumulation. Mutual fund expense ratios, and similar investment-related fees, can seriously erode wealth accumulation over time. Those fees and expenses are stealthy, and they go largely unnoticed by investors while steadily diminishing the value of their investments
Using a Full-Service Broker There are several reasons to choose a full-service broker over a discount or web broker. People use a full-service broker because they may not want to do their own research, because they are only interested in long-term investing, because they like to hear the broker’s investment ideas, etc. But another important
List of Investing Errors Here is a list of common investing errors that investors tend to make: Not following an investment objective when you build a portfolio. Buying too many mutual funds. Not researching a one-product stock before you buy. Believing that you can pick market highs and lows (time the market). Taking profits early.
How to Negotiate a Price & Buy Your Car for a Good Deal Before making a purchase, especially a large one, most buyers ponder an equation that goes something like: What is it going to cost me, and will that equal what I am going to get? Consider that equation when buying your next vehicle.
How to Start Investing as a Beginner Investing is just one aspect of personal finance. People often seem to have the itch to try their hand at investing before they get the rest of their act together. This is a big mistake. For this reason, it’s a good idea for “new investors” to hit the