$ WEALTH BUILDING POWERS

by Powers Investments Management, LLC December 9, 2024
FINANCIAL LITERACY

ETFs VS MUTUAL FUNDS – I PREFER ETFs; HOW ABOUT YOU?

Disclaimer: Good Day, Readers.  WealthBuildingPowers blog is a financial literacy/competency blog and does not provide specific investment recommendations.     Click below to listen to the podcast or keep reading today's blog TODAY, I PREFER ETFs; HOW ABOUT YOU? I purchased my first mutual fund, outside a 401K plan, shortly after graduating college. Wendell Williams, one of my favorite bosses, recommended I study Peter Lynch and the Magellan Mutual Fund. Under Lynch’s management, between 1977 and ...

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by Powers Investments Management, LLC August 30, 2021
FINANCIAL LITERACY , INVESTMENTS , SAVINGS

BECOMING A MILLIONAIRE BY KISS-ING

I have never discovered EASY money except for winning the lottery, which has better odds than Congress doing their jobs. Today's dreamers of fast and easy $$$ are chasing Cryptocurrencies, Meme stocks (last week's blog- See You “May Like” Section Below), and other quick bucks stuff.  When you see so-called “Subject Matter Experts" advertise on Facebook, Instagram, etc. "For $999.00, TODAY ONLY, I will teach you to ……." DELETE IMMEDIATELY!  If someone has a ...

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by Powers Investments Management, LLC March 29, 2021
INVESTMENTS , RETIREMENT

A ROTH IRA WILL IGNITE THE ENGINE FOR YOUR KIDS FINANCIAL FREEDOM

Apple has delivered an average return of 43.5 percent per year for the past ten years. Suppose you or your parents invested $100 per month during those ten years in Apple stock and placed it in a ROTH IRA.  You would have contributed $12,000.00 principal—but more importantly, have accumulated an investment gain of $190,211.00 with a total account value of $202,211.00.    When you reach retirement age (59.5 years), you will owe ZERO dollars in taxes on ...

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by Powers Investments Management, LLC July 27, 2020
FINANCIAL LITERACY , INVESTMENTS

BUYING FRACTIONAL SHARES CAN MAKE OR LOSE YOUR HARD-EARNED MONEY

  Both major and small brokerage firms, such as Fidelity and Charles Schwab now permit the purchase of fractional shares. A fractional share purchase allows you to buy a small portion of a stock, with as little as $5.00. Meaning you can own a fraction of an expensive stock like Amazon or Tesla.  {Not recommending these stocks!}    BROKERAGE FIRMS ALLOWING FRACTIONAL SHARE PURCHASES BROKERAGE TRADING FEES ACCOUNT MINIMUMS and MINIMUM SIZED FRACTIONAL SHARES Charles Schwab $0/trade $5.00 minimum ...

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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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