One of the main keys to successful investing is strategy. In the financial world, there are various approaches and strategies for handling your money, and it’s always a good idea to research them to find out whether they could be useful to you.
Over the next three weeks, I will explain the nature of different investment strategies and how they work…. Read more
Investment Strategies
Entrepreneurs Have Different Retirement Planning Needs from Salaried Workers
As a financial planner, I often tell my individual clients to build their financial future by saving for emergencies as well as for retirement. However, entrepreneurs often ignore this piece of wisdom. A study in the United Kingdom by Scottish Widows Savings & Investments discovered that one in five entrepreneurs have no funds left after they invested in new initiatives and paid off their company’s debts. … Read more
How a CEO’s Management Style Could Diminish Your Profits
Behind every successful business there’s a great CEO. These CEOs know that the secret to success lies beyond physical or financial resources. Their best-kept secret is how they work with their teams.
To understand how different management styles affect my clients’ portfolios, I discussed this issue with Liz Wiseman, author of Multipliers: How the Best Leaders Make Everyone Smarter,… Read more
Should You Invest in Art?
Have you recently checked the attic to see if you have any paintings by famous Old Masters hidden away there? Or do you scour flea markets in the hope that you will find a famous painting that no one knew about? Such stories are usually the stuff of novels or news articles,… Read more
Why Your Investments Must Be Different from Your Parents’
If you own a great stock or mutual fund, should you also buy the investment for your children? Or, if your parents tell you about a great performing investment that they own, should you go out and buy it for your own account?
In both cases, the answer is probably “No.” While having a high-performing asset is definitely desirable,… Read more
Do You Use 3G Technology for Investing?
3G technology is a standard for mobile phones to help the user connect with the world in real time. Mobile phones and services advertised as 3G are required to meet certain technical conditions, including reliability and data speed transfer. This way, the user stays up-to-date and informed.
How can you use 3G technology in your portfolio?… Read more
Which Investment Vehicle is Right?
The chance of realizing your financial goals is greatly increased when you choose suitable investments. Depending on your objectives and time frame, some investment vehicles may be more appropriate than others. Just like you choose your vehicle to get to work carefully (car, bus, or bike), choose the vehicles for investing your money carefully (stocks,… Read more
Don’t Lie to Yourself and Blow It… Like This Guy
In today’s climate of instant gratification, waiting for water to boil can seem to take forever. With a distorted perception of time, how can an investor determine when to invest for the long-term or short-term?
Generally “long-term” refers to anywhere from five years and beyond, while “short-term” refers to a period of six months to two years…. Read more
Unlock Your House
A few years ago, I met with a couple who needed more cash flow. I suggested that when they retire, they should consider selling their spacious house and getting a long-term rental. Selling the house would provide a lump sum of cash, which would enable them to achieve their retirement goals of traveling and helping the kids…. Read more
Does Signing a Pre-Nup Mean You Don’t Trust Your Spouse?
While investigating pictures for my newly redesigned web site, I searched photography sites for images that conveyed security, strategy, and trust….all of which are important traits for a financial advisor to have. There were the usual images of handshakes, business meetings, vaults, and golden eggs in nests. Visit my website to see which images I chose…. Read more