I always keep an eye on sectors that perform poorly for years. I do that by looking at how the sector performed on a 1-year, 5-year, and 10-year basis. The poorly performing sectors do eventually turn around, though it is hard to say when. Take a look at this chart showing the S&P sector ETFs and …
Every financial adviser has some version of the Latte Factor. It goes like this. If you skip your latte, you save about $4 every day. That’s about $1460 per year. Instead of your usual latte, if you invested that money at 11%, you will have a $1 million dollars in 40 years. There is even …
Most of us have health insurance through our employers. Most companies also offer Flexible Spending Accounts (FSA) that allow you to save money on healthcare expenses. Is an FSA appropriate for you? What is a Flexible Spending Account? You can contribute to an FSA account through deductions from your paycheck. The amount is pre-tax, so …
Should You Sign Up For A Flexible Spending Account? Read More »
Tipping etiquette is confusing and can be awkward when you mess it up. To make it worse, tipping practices are inconsistent and vary across cultures. Tipping also varies based on the quality of service provided. One question most people struggle with is, “Don’t these workers get paid a salary, why should I tip?”. In most …
Everyone runs in financial trouble at some point in time. Whether it’s losing a job or an unexpected illness to a loved one, you are forced to raise cash in a short amount of time. Here are some strategies you can use. 1. Tap into emergency savings Hopefully, you have an emergency fund with 3 …
TV advertisements during the Super Bowl are as much an American tradition as the Super Bowl itself. 30-sec ad spots for 2020 are selling at $5.6 million, more than double the $2.7 million they sold for in 2007. The total cost of a single Super Bowl ad could reach $30 million if we include the …
Herbert Wertheim is probably the last person anyone expected to be on the Forbes’ Billionaires list. He is an optometrist and an inventor. But he became a billionaire by carefully buying and holding stocks for the long term. Forbes has a long profile on the 79-year old. It was an eye-opening article for me on …
Lessons From The Investing Journey Of Optometrist Billionaire Herbert Wertheim Read More »
For 2020, 401(k) limits are going up by $500. This means that you can save $19,500 next year, instead of the $19,000 in 2019. Catch up contributions for those over 50 are going up by $500 to are rising to $6,500. So people over 50 can save $26,000 in their 401(k) accounts. These amounts don’t …
401(k) Contribution Limits Are Going Up By $500 in 2020 Read More »
Credit Card Using a credit card is similar to taking a loan. When your credit card was approved, you are given a certain line of credit. The line of credit you receive is based on your credit history, your income, and your risk profile. You can use your credit card for any amount below your …
Credit Card Vs Debit Card – What Are The Pros And Cons? Read More »
We buy insurance to protect us against the unexpected. Most of us don’t realize that all our insurance policies have dollar limits, and rarely consider the consequences of the insurance we have doesn’t quite cover the liability incurred. Consider this scenario. You get into a car wreck and total another car that happens to be …
