Category: Personal FinanceSort
I am 31 years old and contribute more than enough to my 401(k) to obtain the company match. I also max out my contribution to a Roth IRA every year. I would like to contribute to a Roth 401(k), but my company does not offer this plan. Can you help me understand the benefits of a Roth 401(k)? Also, do you have any recommendations on selling my company on making a Roth 401(k) option available? — Justin
I was recently asked in an interview what I would say to a trader or investor who is fearful. That is, what would I say to help them overcome their fears and trade without fear.
There are a few different fears that many traders face at one time or another, but for this post I want to focus on one of the main fears many traders have. That is the Fear of Losing Money.
Based on my own experience as well as working with hundreds of traders over the last few years, I have come to the conclusion that there are three major components to making money consistently in the markets. They are:
1) A solid, back-tested Methodology that the trader has confidence will provide an Edge
2) A customized trading Plan that is objective and in alignment with the Edge and the trader FOLLOWS that Plan
3) An Positive, Realistic, and Fearless Mental Approach
Regular savings is one of the surest ways to increase your net worth.
This is part of a special report on 101+ ways to build wealth. In this story, readers and experts weigh in with advice for significantly boosting your savings.
Stick to a budget for just a month. A Canadian study found that people who stuck to a budget had higher net worth than those who didn't have one or had one they didn't follow.
Green Energy Renewable Solutions, Inc. (EWRL) Was the Highest Gaining Stock at Penny Stock Rumble
The mind is a powerful tool, especially when it comes to spending and saving. Whether it's by going over your finances in a different language or putting on a smile at work, tricking yourself into thinking differently about your finances can make a huge difference.
This is part of a special report on 101+ ways to build wealth. In this story, readers and experts weigh in with advice on how you can turn behavioral foibles into assets rather than liabilities.
There’s nothing like a brand new set of wheels with its polished paint, pristine engine and that new car smell. But can you afford it?
Beyond its sticker price, a new vehicle carries a number of peripheral costs that can really add up. So, if you’re in the market for a new ride, here are some facts and figures to consider before driving it off the lot. We spoke with John Giamalvo, Director of Dealer Strategy at Edmunds.com for his expert advice.
5 Ways to Increase Your Net Worth with Employee Benefits
These are some great, simple tips that I have been touting for years. Why not take the low hanging fruit? JP is the author of the money blog My Family Finances and has some great tips. Enjoy!
When you get your offer letter from a prospective employer, what do you do? You find the salary number, wave the paper triumphantly in the air, and completely miss many of the other potential financial benefits contained in an employer's benefits package.
A Preemptive, and Timeless, Portfolio Protection Strategy
Investors constantly focus on the event instead of the opportunity that the event represents. Being retrospective instead of hindsightful helps us learn from our experiences. The length, depth, and scope of the financial crisis correction were unknowns in mid-2007. The parameters of the recent advance were just as much of a mystery--- in April.
All of the leading airline stocks are catching a small bid higher despite the overall stock market weakness. The catalyst for the strong airline sector is obviously the weak oil prices. Light sweet crude has declined lower by more $20.00 a barrel since topping out on March 1, 2012 at $110.55 a barrel. Should oil start to catch a bid higher it would be prudent to expect the leading airline stocks to .... Continue reading here: http://bit.ly/L2zVe6