Here’s an excerpt from the latest edition of Investing in Your 20s and 30s for Dummies, by Eric Tyson, the author of 18 different personal finance books.
If you believe conventional wisdom (the same "wisdom" that didn't predict the housing bubble bursting or the Great Recession) then some of the safest places to put your money are savings accounts, US Savings Bonds, CD, Treasury Bills or Treasury Bonds. The problem with conventional wisdom is that all these investments are only safe if the dollar is safe. If
I would like to know when taking a risk with your money became wrong. I understand taking a risk with your money can be dangerous. It can be stressful. It is, of course, risky. But when did it become wrong? A few weeks ago I was commenting on Consumerism Commentary and Flexo wrote an article about selling some company stock
A few weeks ago we said you shouldn’t be afraid to trust other people with your money. But what about trusting other people’s investment advice? When you put your money into a mutual fund and trust somebody else to manage it, your assumption is that the person in charge will be an expert in their field (investing). However, many of
Who needs Jim Cramer when you have Kevin McKee!? I just checked my 2010 401k return on investment, and it was good. Really good. For a frame of reference, Moneychimp says the S&P 500 had a 14.32% gain in 2010, which is a pretty good year considering most experts project an 8-10% annual return in an average year.