Why Asset Allocation is So Important

Why Asset Allocation is So Important

When it comes to investing, too many investors are focused on hitting home runs, in other words, doubling the value of their investments overnight. To do this, they take on too much risk and when the market drops, they lose everything. Frustrated, they claim the stock market is rigged against them and they leave.Continue Reading

How Foreign Currency Exchange is Transforming the World

How Foreign Currency Exchange is Transforming the World

Money is a pretty simple concept when you look at it from a distance. It’s a representation of value. Rather than having to barter and trade one thing for another thing, like in olden times, you can your thing for a small, portable representation of its value. Money itself, the physical bills and coins we carry in our pockets, are just stand-ins for ideas. With the rise of Bitcoins and other digital currencies, the physical attributes of money are starting to fade in importance.Continue Reading

4 First Steps To Starting A Home Based Business

4 First Steps To Starting A Home Based Business

For many people, before they jump into self-employment 100%, they start moonlighting or working on the side while still collecting a steady paycheck. For them, working out of the house for their side job is ideal. It has low start up costs and allows you to easily work, no matter what time you feel like doing so. But, there are 4 things that many people tend to overlook when it comes to home based businesses and if you don’t do your homework, you could get shut down or even fined. What are these 4 steps?Continue Reading

Should You Invest In An IPO?

Should You Invest In An IPO?

When it comes to investing, we all want to hit the home run. Not many people are interested in buying shares of General Electric and holding them for decades, earning a decent return along the way. No we want to buy a stock and see its price double by next weekend. Unfortunately, the odds of this happening are rare and even rarer are the odds you actually own the one stock that does double overnight.Continue Reading

Best Way to Track Your Net Worth

Best Way to Track Your Net Worth

I USED to think that tracking your net worth was for rich people. It was just something that older people did, or even people who were older and closer to retirement. I thought it was just one of those things that people with a large net worth used to brag. My opinion changed when I started to understand what a net worth measures that other things do not. I started to track my net worth, but my process has improved over the years. Find out how to track your net worth efficiently.Continue Reading

The Value of Being Kind

The Value of Being Kind

About a month ago, my wife and I traveled to the Cayman Islands for a week vacation to get away from the horrible winter we had been having here on the east coast. Everything about the trip was great except for one thing: on the flight down, my wife’s checked bag was damaged.Continue Reading

Now Is The Time To Travel

Now Is The Time To Travel

My wife and I just got back from a week in Ireland. We went over for a friend’s wedding and had a great time. It was our second trip over – we went back in 2012, again for another wedding – and the most surprising thing between the trips was the cost. It cost us much less this time around than last time. Here’s why.Continue Reading