A Potential Effect of Risky Funds on a Portfolio
Vanguard had a fund that invested in precious metals and mining stocks that had performed so poorly in the past 10 years, that Vanguard decided to rename the fund and completely change its investment strategy. This shouldn’t be a complete surprise, as $10,000 invested in the fund in 2008 would be worth just $5,051 at the […]
A Canadian Cannabis Producer Offers a Harsh Lesson About Investing Frenzies
Amazon closed today at $1,934.36 per share. Wouldn’t it have been nice to have had the foresight to purchase this stock back in 1997 when it traded for less than $2 per share? A $10,000 investment at that price would be worth almost $9.7 million today. Unfortunately, this kind of wishful thinking can get investors […]
How to Pass the CFP® Exam in 4 Months (Including the Education Requirement)
In this post, I will explain the 4-month (16-week) schedule I used to prepare for the exam and the profile of the person it is likely to work for.
A word of caution regarding ‘Step-Up Callable CDs’
One advantage of “step-up callable CDs” is they generally pay a higher interest rate than traditional bank CDs, which is appealing to fixed income investors. However, these products come with a wide set of unique risks.
Hurricane deductibles and other exclusions can trigger large out-of-pocket bills for homeowners
Thousands of homeowners in Florida suffered hurricane damage this year, and many were surprised to learn their homeowner’s insurance policy contains a separate “hurricane deductible” that shifts responsibility for thousands of dollars’ worth of repairs to the homeowner. For those fortunate enough to not have had enough damage to file a claim, now would be an excellent time to review your homeowner’s policy to see how much money you would be responsible for if your home suffered severe damage.
Combat Lifestyle Creep with Savings Creep.
Between a doctor and a school teacher, who would you expect to have more income left over for savings at the end of each month? In an alarming number of cases, they both have the same amount of money remaining: zero.
How to Prevent an Irresponsible Parent from Raiding Their Child’s College Savings.
Relatives and divorced parents often want to fund a child’s college savings account, but fear the money will be inappropriately spent by a manipulative or irresponsible parent. This post will discuss how to ensure the money will be used strictly for college, and how to avoid legal entanglements with the parent(s).
