by Powers Investments Management, LLC August 12, 2019
Financial Literacy , Investments , RETIREMENT

THE ABSOLUTE BEST WEDDING GIFT YOU CAN EVER GIVE YOUR CHILD!

BEST WEDDING PRESENT! This weekend we are attending the wedding of my college best friend, Clifton’s son. The couple will have college loans as the bride is currently in Medical School. As parents, Clifton and I ponder the choice of paying for an expensive wedding versus INVESTING IN YOUR FUTURE. And as two financially conservative men, we advise reducing the wedding size and cost and investing the money. AVERAGE ...

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by Powers Investments Management, LLC July 29, 2019
Investments , RETIREMENT

NOT SURE WHAT TO DO WITH YOUR 401K WHEN RETIRING? SOME OPTIONS

Congratulations on accumulating a YUGEEE portion of your retirement money in a 401-K! As you approach retirement you need to decide what to do with YOUR HARD EARNED MONEY, currently sitting in one or more 401K Plans. This is a nice problem to have!  SOME OPTIONS FOR AFTER RETIREMENT Keep your money in your 401-K Plan(s).Roll into an IRA or a ROTH IRA and convert to Exchange Traded Funds (ETFs), to lower fees.There ...

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by Powers Investments Management, LLC June 10, 2019
401k millionaires
Investments , RETIREMENT

DO YOU WANT TO JOIN THE 401K PLAN MILLIONAIRE CLUB? {KINDA OF LIKE THE MILE HIGH CLUB – BUT A LOT LONGER LASTING!}

THE MILLIONAIRE STARTER KIT - 401-K PLAN Top of the Day Dear Readers!  There are too many savings strategies that require quantum physics to understand.  Personally I hated physics.  One of the best and simplest strategies I used to maximize my wealth is the 401-K plan, especially when powered by compound interest. When you combine the magic of compounding with the 401K you will see why it is a millionaire-building tool!  ADVANTAGES OF A ...

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by Powers Investments Management, LLC November 15, 2018
Investments , Savings

WEALTHY FOLKS BENEFIT FROM DOLLAR COST AVERAGING – WHY DON’T YOU?

To take advantage of ups and downs in the price of stocks, many investors, including myself, utilize Dollar Cost Averaging (DCA) as a strategy. DOLLAR COST AVERAGING: is an automated and disciplined investment strategy. It removes emotions from the investment process because you are investing a fixed amount of money at set periods. As the price of an ETF, Mutual Fund, or stock varies from month to month, you acquire the ...

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by Powers Investments Management, LLC November 8, 2018
Investments

DID YOU BUY, HOLD OR SELL IN OCTOBER – WHILE THE MARKET LOST $2 TRILLION?

Many investors both institutional and individuals sold in October 2018. What about you? I am not smart enough to guess the best time to get out and return to the market, so I held my positions. I have survived numerous corrections, like this October 2018, where I lost significant PAPER Net-Worth. BY recognizing my inability to time the market and just sit still, my Net-Worth increases most years. Taking No Action ...

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by Powers Investments Management, LLC October 11, 2018
Health Cost
Interview , Investments

THIS WEEK’S BLOG – AN INTERVIEW WITH A SUCCESSFUL MEDICAL DOCTOR WHO SHARES HER SAVINGS AND INVESTMENT SUCCESSES AND OPPORTUNITIES FOR IMPROVEMENT.

I interviewed one of my readers, a California physician. Let’s call her Dr. C. She is blessed with two very bright and beautiful children and kind enough to share her money management journey and lessons learned. I share this interview as an opportunity for my readers to learn about other’s earnings, saving, and investing successes and lessons learned. INTERVIEW 1. When did you decide to become a doctor? What ...

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by Powers Investments Management, LLC September 6, 2018
Financial Literacy , Investments

YOU HAVE TWO CHOICES –YOUR COMMITMENT TO A GOOD LIFE OR FEAR. PICK!

I fear failure and have sometimes avoided risk and MY OWN DREAMS. Imagine all the great things that would NOT have happened in the world if so many denied their dreams due to fear. Some of you have expressed your fears in starting to invest. People find change to be difficult and that makes us hesitate to take actions to reduce debt, build emergency savings, fund 401-K plans and ...

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