At some point in our lives, we ponder the question, “What would you do if you were given a large sum of money?” We usually answer the question with a bunch of wishful thoughts like traveling around the world or buying a boat. We don’t like thinking about being responsible with a large [...]

During the summer, you will find great deals on LCD and Plasma TV’s, because manufacturers and retailers are looking to get rid of their older models to bring in new ones. As with any electronic device, manufacturers roll out a better model with more features every year to make consumers never be content with [...]

I was talking with one of my best friends today, and he was asking for my opinion about SEP retirement accounts, and how he can reduce the taxes taken from the self-employed income he earns throughout the year. He does some public speaking and lectures that earn him some side income throughout the year, [...]

The reason many investors are skeptical about this stock market rally is because a little word called INFLATION has not reared its ugly head on our country’s economy. Don’t believe anyone when they say that inflation will not take it’s toll on our economy in the long term. We have spent money that [...]

Happy Earth Day. I always liked those old commercials that had the slogan, “Earth day is every day!”. It’s such a true statement, but I also don’t like when environmental extremists try to run my life. It seems like the environmental movement has spun out of control, and soon they will be [...]

Some of you might track certan ETFs from ProShares, Direxion, and other big ETF families that offer leveraged funds with increased performance. For instance, the FAS fund tracks the financials sector index at three times the normal rate due to leveraging. So, if the financial sector gaines 5% on the day, FAS will [...]

A few weeks ago, I wrote this article about my experiment with some battered market sector exchange traded funds in my rollover IRA.
Current Performance
So far, it has been right on pace with the S&P 500. It dropped about 7% in February, then it rose about 20% in March. They are doing [...]

Many other bloggers have written about how to set up sub-savings accounts with ING Direct’s Orange savings account, so I won’t go into a huge tutorial about how to do it. Recently, I decided it would be a good idea for us to start categorizing our short-term savings. Lately, we have simply thrown [...]

Here are some questions that I frequently get emails about and questions I hear from friends and family.
Should I cash out my 401(k)?
This depends on your age. If you are in your 20’s, 30’s, or 40’s, there’s no reason to jump ship on your 401(k) or IRA. You have plenty of [...]

This week was another very significant week of business and financial news. The Federal Reserve announced they would print up to $1.2 trillion dollars into buying up treasury bills and mortgage-backed securities. More money printing means more worries about mass inflation. The dollar took a sharp hit the next day valued against [...]