Smart Saving Investing

Author: Bill

  • Asset Allocation

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    Bill
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    When selecting mutual funds for your investment portfolio there is one attribute of your portfolio you should consider and that is asset allocation. Here are some ways to think of asset allocation and the various types. Conservative Asset Allocation – This type of allocation puts you in more conservative funds for your investment style. When…

  • Aggressive Asset Allocation

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    Bill
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    At the bottom of this post is an example of an aggressive asset allocation for the current economic environment (4th quarter 2008). My aggressive scale is 1 to 5 with this example landing on a 4 or 4.5 of that scale.  This example could be applied to your 401(k), 403(b), as well as Roth type…

  • Learn Investment Lingo Daily

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    Bill
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    In every industry there are words or “lingo” specific to that industry. The investment community is no different. In fact, it can be very confusing deciphering what means what. There’s many websites that offer definitions of investing lingo, but you can subscribe to one that will send you a new definition every day which is…

  • Teaching Kids The Lessons of Giving

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    Bill
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    I heard an interview on NPR about this book and how to teach kids the lessons of giving. I cannot find the interview, but the book includes ways to teach your kids for a lifetime of giving. Absolutely fantastic!! I believe it was on the “Children’s Health” segment of NPR. It aired during the week…

  • Buying a Car

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    Bill
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    So I need a new car. I drive a 1990 Chrysler Imperial everyday to work (see below, except it’s white). An old trusty (crusty?) car that gets the job done. I’m at that crossroads where the money I keep putting into it is starting to average out to a new monthly car payment. There’s a…

  • Get To Know Your FICO

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    Bill
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    What is your FICO score? What is FICO anyway? FICO stands for Fair Isaac Corporation. The worldwide corporation was founded in 1956 by engineer Bill Fair and mathematician Earl Isaac. They developed the FICO score. Fair Isaac’s corporate headquarters are located in Minneapolis, Minnesota, USA. Fair Isaac’s personal credit site is myFICO.com. A FICO score…

  • How Long Can You Last?

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    Bill
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    Did you date your spouse when you were young? Are you in your twenties in a relationship and thinking about marriage? Do you think you’ll save and invest by the time you’re 50 as you and your partner create a life together? Have you made plans to do this? What are your financial plans for…

  • What Are Your Multiple Streams of Income?

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    Bill
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    Do you have multiple streams of income? More importantly do you have multiple streams of passive income? At this site, I stress the three actions most people can do in their lives to increase their wealth over a lifetime. However, I also talk about the options market too because that is something I consider to…

  • 5 Questions About Your Budget for Holiday Outings

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    Bill
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    If you have a budget that guides you on a month-to-month basis or just a general overview of what’s coming in and what’s going out you can also do “mini-budgets”. Mini-Budgets are budgets for times like Labor Day where you have the possibility of over spending. A lot of folks have a 3-day weekend during…

  • 10 Attributes of Investment Risk

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    Bill
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    When you invest, you are taking some risk. So if you think you don’t like risk or you think you don’t have any risky investments, then look again. You are taking some risk when you invest. Below are 10 attributes of Investment Risk: 1. Market Risk This is the ups and downs of the market.…