Category: Personal FinanceSort
One of the major problems I see facing investors today is that the Wall Street “marketing machine” is still selling a bad model (see why I started this blog here). Many investors are placed into the typical pie chart type asset allocation and told to hold on for the long run. That’s great if you are an endowment and have 50 plus years to wait – but not so great for everyone else.
I came across a few charts that every investor should be aware of from dshort.com and Advisor Perspectives showing the actual performance of the US stock market since 2000.
Can I borrow from my retirement savings to buy real estate?
Can you borrow from an IRA, 401(k) or Roth IRA to invest in a rental property or a business? — Bob H.
It can be tempting to borrow money from your retirement funds, but it's usually not a good idea, warns Frank deNapoli, senior vice president at Winslow, Evans & Crocker in Peabody, Mass. "You're shortchanging your retirement," he says.
For many, the process of learning to become a consistently profitable trader can be both long and demanding. I know that for myself, every facet of my emotions were tested and I really saw what "I was made of". I firmly believe that in order to become a trader one must really have full control of their mindset and this carries over to all other dimensions of life in a very positive way.