November 26, 2014
Giving thanks to your investment advisor? If you were simply 2/3 in stocks and 1/3 in
bonds you would have earned about 8.5% so far this year. Everybody's circumstances are different but go
ahead and thank your advisor as long as he or she helped you earn the return
you deserve. And make sure that's your return after his/her
fees. Your advisor shouldn't be making
more on your money than you are.
November 25, 2014
Black Friday and Cyber Monday. Two excuses to buy things you wouldn't
otherwise buy. Remember that saving $10 a day from graduation to retirement,
invested properly, can be worth $1 Million in your IRA. Spending $300 on a television you wouldn't
otherwise buy is 30 days worth of savings. But if you've been staring at the
blank screen of a broken TV, waiting for the chance to buy a new one, go for
it!
November 19, 2014
The stock market (S&P 500) is up 11% year-to-date despite all the turmoil. 11%! Remember how I've said that if you saved $10 a day from graduation to retirement and invested it in the stock market you might have $1 million when you retire? Well, if you could get 11% returns every year, your savings would grow to over $3.5 million! I don't know about you but I think I could retire on that.
The stock market (S&P 500) is up 11% year-to-date despite all the turmoil. 11%! Remember how I've said that if you saved $10 a day from graduation to retirement and invested it in the stock market you might have $1 million when you retire? Well, if you could get 11% returns every year, your savings would grow to over $3.5 million! I don't know about you but I think I could retire on that.
November 17, 2014
Skilled stock pickers or a simple unmanaged index fund? CNBC has 7 traders picking their 5 favorite
stocks each to see who can perform the best.
This started at the beginning of 2014 and they can make changes along
the way. So far they have a collective year-to-date return of 7.4%. Not bad.
After all, it should be easy to pick just 5 good stocks, right? Well, if you just bought the Vanguard Total
Stock Market Index Fund instead, you would have a 9.6% return. That extra 2.2% return adds up. Over 20 years
it would give you 50% more money!
- Larry Pike, CFA, Client Priority Financial Advisors LLC- www.clientpriority.com
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