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A shaky stock market can scare investors away at precisely the time when they should be investing. A booming stock market can lure investors in at precisely the time when they should be selling. So, how do we know when to go all-in and when to get out? The answer is, no one really knows. There is [...] 2007 - I complained about the lack of a Santa Clause Rally. Photo by MV Hargan For those of you who aren’t familiar with The January Effect or a Santa Claus Rally, it [...] Don’t ever give up control of your finances. For some, it’s hard to admit they need help with their finances. For others, they are happy to delegate this responsibility. No matter how you feel about your finances, it’s critical to retain control. If you turn over control, you risk losing everything. You are Responsible You can seek advice from friends [...] Lesson 1 – Investment Advisors are Salespeople When I started out with my very first investment, I was “recommended” a mutual fund with an 8.5% front-end load. For those who aren’t familiar with a load, this meant that for every $100 I invested, only $91.50 made it into my account. The other $8.50 went for [...] First Things First If you don’t yet have a financial plan, try my simple Three-Step Financial Plan. It only takes a few minutes and could make a tremendous difference in your financial future. What Happens if Your Plan Goes Wrong? What if you have a solid financial plan and good investments, but the market tanks and you lose a lot of money [...] |
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