Warren Buffet has had a great run in the financial realms, amassing a net worth of over $85 billion. Reports reveal that he has $128 billion in cash to burn as Berkshire Hathaway’s cash balance grew to record highs. Even one investment tip from Mr. Buffet could make all the difference in one’s portfolio. Continue reading
Real estate investments are a dream come true for the average investor. Crowdfunded real estate is provide larger pools of investment from different sources in different countries. This method provides several advantages over traditional methods of investing in real estate. Continue reading
Diversifying Portfolios With Foreign Stocks
When it comes to investing, the more options one has, the better. International markets open up new opportunities for investors with different risk appetites. Foreign stocks provide new ways to diversify portfolios and benefit from the economic growth of other geographic regions. It is often advised to ensure that 5% to 10% of a portfolio is constituted of foreign stocks. More aggressive investors may be increase their allocation to 25% which is considered as acceptable. Continue reading
Investing in solar energy creates new opportunities to increase household savings and save the environment at the same time. Different factors determine how much can be saved for households using solar energy. Such factors also determine the length of time it takes to gain adequate return on investments. Return on investment of solar power systems are, among other factors, affected by property characteristics, electricity rates, solar renewable energy certificates, financial incentives. Continue reading
Investing in real estate is a great way to diversify income streams. There are many property markets which provide great return on value for those who are willing to dig deep to uncover the ins and outs of real estate in regions outside of their home nation. Continue reading
With thousands of cryptocurrencies in the markets, it’s easy to lose sight of which to invest in. Ethereum, released in 2015, has exhibited positive growth for the most part with a few blips along the way. But should you invest in it? Here’s what you need to know.
Most of us are familiar with famed investor Warren Buffett. He has amassed a fortune of over $60 billion in his lifetime. He is known for picking great investments and sticking with them for the long run. In a world where it is easier than ever to buy and sell stocks in the blink of an eye, day-trading has become more and more popular. However, Buffett has always been outspoken about the negative effects of buying and selling equities over the short period.
So what does Warren think people should do to create wealth for themselves? The link below tells you just that. While creating a net worth equal to that of Buffett’s is highly unlikely, it is very easy to take just a few steps in the right direction to follow Buffett’s advice.
Why not do both?
Whether you save or invest your money really depends on the financial objectives you are trying to accomplish. Saving usually refers to putting money away from where it can be accessed quickly and easily for an impending purchase. On the other hand, investing should tie up your money for a length of time, but it will also produce better returns.
TIAA-CREF’s video below breaks down the difference between the two. After watching, decide what financial goals you are trying to achieve in both the short term and long term.
Budget Smart, Invest Wise
As you are probably aware, the drawing for the Powerball tonight has reached a staggering $1.5 BILLION. Many are rushing to the nearest supermarket or gas station to take part in this epic event. A single-winner jackpot has NEVER been this high, and one person or multiple people could have their lives completely changed by tomorrow morning.
No, this post is not about winning tonight’s Powerball jackpot. No, I am not going to tell you how to win the lottery in this post because there is no way anyone can tell you how to win. Your chances of winning the biggest jackpot ever are 1 in 292 million, the more tickets you buy, the better your odds, but I’ll break it to you. You’re not going to win. Sorry.
Despite the fact that you won’t win the lottery, you do control your own destiny to create a great amount of financial wealth for yourself. Take the following example. By opening a Vanguard or Fidelity account with just $1000 and contributing $500 per month to the account every month, you can have well over a million dollars to your name after 40 years.
Winning the lottery and creating wealth are both results of math. The math tells you your odds of winning the lottery are near impossible. Math also tells you that following a simple plan can make you a millionaire. Choose what math you want to follow.
Budget Smart, Invest Wise
The other day I was sitting in a conference room with some coworkers. Our company was restructuring its retirement plan for employees. After the changes were announced, a general conversation started taking place. The financial recession of 2007 through 2009 came up. One employee joked how he lost over $3,000 in the market downturn. While it isn’t a large sum of money, it was enough of a loss for him to take his money out of stocks and place it in bonds. He has had it in bonds ever since.
It is often said that losing money is more painful than gaining or winning money. It is human nature for us to make rash decisions when our livelihood is being threatened. And yes losing retirement money does affect one’s future quality of life and thus his or her livelihood.
My fellow coworker got too emotional during a time when he shouldn’t have. When the market goes down, we hear “SELL, SELL, SELL”. And when it goes up, “BUY, BUY, BUY”. Don’t watch the news, don’t watch CNBC and their stock reports, and please don’t get emotional. Investing consistently over time is the best way to ensure that you invest during dips and spikes in the stock market. Right now the market is currently down about 6% from its all-time high. I consider that 6% a sort of holiday discount that we should all be benefiting from.
Budget Smart, Invest Wise