Here’s the single best investing tip I can offer: Focus on process not products.
Investors too often lose money by worrying too much about investment products, rather than directing their attention to the process of investing.
Far too many people fall into the trap of watching the latest Wall Street headlines on TV or in newspapers, magazines, and online publications, and then trying to chase returns. These investors are seduced by media headlines such as: “Experts Predict The Hottest Stocks of 2012” or “The Best Mutual Funds to Buy in the New Year.”
This is precisely the wrong way to go about investing. Investing should not be about chasing down individual products, but about how you can best manage the process of investing.
With the holiday season approaching, everyone’s looking for a unique gift for our friends and family. After all, no one wants another receive another pair
A reader sent me the following question via Facebook wanting to know my opinion of investing in penny stocks. Here’s her question and my reply.
Gender and investing is a sensitive subject. I have a lot of conversations with industry participants about why diversity is good for the financial industry
Herbalife is a multi-level marketing company that sells weight loss products and nutritional supplements. On the surface, there’s nothing illegal about that. But one prominent
If you’ve decided to diversify your investments and are interested in purchasing stocks, don’t overlook the benefits of working with an online stock broker. Online
If you’ve thought about switching banks to skirt extra fees or just for better services, don’t overlook the option and benefits of joining a credit
Q: I have been contributing to a pre‑tax 401(k) for many years, and a Roth IRA as well. I’m 52 and very disappointed in the
Investors too often lose money by worrying too much about investment products, rather than directing their attention to the process of investing.
Q: I am retiring and want to roll over my deferred account to an IRA. Which is the best IRA account? And how old do
Q: I have $1000 I would like to invest. What type of investment you think I can do that will yield the highest (return). I
Q: I am 26 and behind in the investing game. My bank offers a Roth IRA and i’m going with that. I was thinking about going
You are correct in your assumptions. Yes, you can open two IRAs (one for 2009 and one for 2010), and safely convert them into a Roth this year because of the removal of the income limits on Roth conversions. I double-checked with an expert on this, David Mendels, who is a Certified Financial Planner and the President-Elect of the New York Chapter of the Financial Planning Association. David is also an adjust faculty member at New York University, as well as the head of the fee-based financial planning firm, Creative Financial Concepts, LLC. So he is very well-credentialed and I’m confident in his knowledge ane expertise. He told me to offer you two caveats, just to make sure your efforts go smoothly.
Many people are cutting back their contributions to their retirement plans, such as to their 401(k) or IRA because of the deflating U.S. economy and
