Corrected Version – Thanks to the help of a few of my readers I have corrected a mathematical error which overstated the benefits of the Traditional IRA. However, I still strongly favor the Traditional IRA over the Roth IRA as described below. Cheers! — You know the wonderful Roth IRA or the Roth 401K contributions everyone has been raving about? Well, it might not be so shiny …Read more…
I have had several discussion with readers lately regarding the costs associated with active investing and the benefits of passive investing through index tracking products. I originally wrote the following post back in August 2011, but back then I was just starting out so not many people actually read it. Take a look and let me know what you think. —— Unpredictable markets, Eurozone …Read more…
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Dec 092011
Sometimes your most important moments of clarity occur while having a few drinks with a great friend. This evening a friend and I were having a conversation about our lives, our finances, our futures and all the little road blocks that could stop us from accomplishing our goals. We are both reasonably successful guys with great families, little or no personal debt, decent incomes and wealth, and a world of possibilities. So, why …Read more…
Nov 272011
When I was growing up and even in my early 20’s I thought that becoming wealthy was a complicated and mysterious process. I also believed that being a high net worth individual meant that you needed to “look” wealthy by spending large sums of money on material items. Nothing could be further from the truth…
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Yesterday, LinkedIn (LNKD), the online professional networking service, priced a secondary offering of 8.8 million shares at $71 per share after reporting its first quarterly loss since its IPO back in May 2011. So let’s review some numbers here because I am having a tough time with this one. As of September 30, the company’s last 12-months (LTM) Revenues were $435MM and LTM Net Income …Read more…
It’s that time of year again; Time to make your annual enrollment choices for your health insurance and other benefits. The very first thing you will notice is the shocking increase in health insurance premiums. My own plan is increasing a jaw-dropping 15% this year! However, my company is going to offset a portion of the increase by making a contribution to my Health Care Spending Account. I consider …Read more…
Oct 142011
This is not a typical post for us, so you likely will not see many of these. BUT, this is such a great deal for our UK readers I just had to post it. Besides, one of the best ways to protect and grow your net worth is to never pay retail! This is one of those ’Hot Pick’ deals from Groupon Getaways for a trip to Rome and Venice for £459.00. It …Read more…
Oct 072011
I am ending the week with a rant. [rant began] The market volatility is really completely out of control and I dislike it immensely. It’s bugging me that the market is so completely batty. It’s bugging me that the correlation between news sound bits and market prices is pretty much impossible to measure and understand. And finally, it’s bugging me that decision making appears to …Read more…
Oct 052011
Last week I recommended splurging when it comes to your fitness. While I believe that an investment in your health is one of the best investments that you can make, I have to clarify- a wise investment doesn’t have to be an expensive one. So where can you cut costs? What fitness deals more than justify your expenditure? I’m not a financier; so I won’t go …Read more…
On September 25, 2011 NetWorthProtect.com launched the NWP Model Investment Portfolio. The Portfolio started with an initial investment of $100,000 and is composed of 11 Exchange-Traded-Funds (ETFs). Every Friday we will post updated model portfolio returns and commentary. Also, if we change our asset allocation or trade out of a position we will provide an update and rational for our trading decision as well as …Read more…
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