One sure-fire way to live a good, no make that great retirement is to utilize all the savings tools at your disposal today. The past two blogs discussed the 401-K Plans, both the Traditional and the ROTH. Let us look at two additional retirement tools, the Individual Retirement Account (IRA) and the ROTH IRA. Even if you have access to a 401-K, an IRA is a GREAT investment tool. Think ...
Read MoreLast week, I discussed the importance of mentors. Finding and learning from mentors is simply an investment in yourself. This week, I want to provide other methods to beef up your investment competencies. The following are some tried and true ways that I have been able to increase my investment knowledge: • Formal Education: Community colleges offer short and inexpensive courses. You can return to college and pick up a degree ...
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To achieve financial success, I identified successful investment mentors. If you aspire to be a great photographer, you want to learn from successful photographers. If you achieve financial freedom, make an intentional effort to learn from individuals you aspire to be: other wealthy and successful people.
Read MoreBERKSHIRE HATHAWAY MADE BELOW APPLE STOCK PURCHASES • March 2016: Purchased 9.8 million shares • June 2016: 5.4 million shares • December 2016: 42.2 million shares • March 2017: 72 million shares • June 2017: 1 million shares • September 2017: 3.9 million shares • December 2017: 31 million shares Today, I believe Warren Buffett and staff know more about Apple than its Board of Directors (BODs). Unfortunately, that is not saying much. As most BOD’s add little value to shareholders. So who is responsible ...
Read MoreSo you are thinking about buying a new car? Year-end sales are coming in a few weeks and the car manufacturers will discount thousands of dollars and offer zero interest. Do you buy at today’s full price or wait? Personally, I wait for sale prices for clothes, electronics, vehicles, equities, etc. The stock market gives you sale prices when the market corrects and drops a few percentage points. This is ...
Read MoreThis week, lets start with a quiz: How much money would you have today, if you had invested $10,000 in an S&P 500 Index Fund, in 1980? With no additional deposits. That’s right one $10,000 deposit and no more! A. $380,000 B. $276,000 C. $433,000 D. 760,000 I will show you the correct answer below and how much you could potentially earn if you did the same thing today. First, lets talk about compound Interest. Although, ...
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