When it comes to investing, bigger is not always better. There are some companies that were able to produce positive earnings growth quarter after quarter as they grew from mid sized companies to large cap companies. Once these companies became mega sized, they struggled to generate positive returns because they were too large in size. Larger companies often have trouble sticking to their core competencies and finding a business model that will lead to success. The companies listed below demonstrate why being bigger does not necessarily make a company better. [Read more...]
Five Ways to Increase Your Car’s Resale Value
October 12, 2011 By 3 Comments
When it’s time to sell your car, you may be unsure about what it’s worth. You can reference pricing guides like the Kelley Blue Book, but those only give a general idea of your used car’s value. Use those guides as a starting point and then check out these five ways to maximize your car’s resale value. [Read more...]
A Want Vs. A Need
October 11, 2011 By 5 Comments
The world of personal finance is all about being able to effectively manage your money. This means being able to maximize the amount of income that you have coming in and reducing your expenses. It is basically about being able to live within your means. Being able to do this may sound simple but it can be confusing if you do not know the difference between a want and a need. [Read more...]
What Are You Going To Do About The Rise In Bank Fees?
October 3, 2011 By 5 Comments
Banks have come up with new ways to raise money and it is coming at the expense of their customers. Banks are starting to institute monthly charges for using your debit card to pay for goods and services. This is in response to the Card Act passed by Congress last year that put a cap on interbank fees. Bank of America is rolling at a $5 fee on all debit card purchases. [Read more...]
Saving Your Money Vs Investing It
September 21, 2011 By 5 Comments
Making the decision to invest money vs. saving it is not always easy. Both methods are a part of a smart plan for crafting a strategy for how to get rich. You need to be find the right balance so you invest enough money so you can get build wealth and save enough money in a bank account so you can have ample emergency savings. [Read more...]
My Current Financial Problem: Too Much Extra Money
September 17, 2011 By 16 Comments
I was going through my income and expenses for the past month and noticed that recently I make way more money than my bills are adding up to. I noticed that since my car was paid off this past spring that my only regular monthly bill is my mortgage. I was fortunate because I bought my home before the bubble explosion and my principal and interest payment only costs me $900 a month. I never took all of the equity out of my home so I never got a higher payment. [Read more...]
Favorite Posts On The Web
September 4, 2011 By 1 Comment
It has been awhile since I have had a roundup of the best posts on the Internet. I went around the personal finance blogosphere and picked out a bunch of posts that I like. These posts range from talking about investing to finding ways to build wealth. I found these posts particularly interesting and I think you will too. Here are my favorite posts from around the web. [Read more...]
The Trouble With Bank Of America
August 22, 2011 By 3 Comments
Today, was another choppy day for the stock market as the Dow finished in the green for the first time since last Wednesday. One of the losers of the day was Bank of America (BAC). The stock finished down 7.8% and closed at $6.42 per share. The stock has been clobbered over the past few weeks more than the general market. Bank of America is a stock of potential interest to me as it is one of my long term holdings. [Read more...]
The Dow Was Up 429 Points So Now Is The Time To Buy Right?
August 10, 2011 By 10 Comments
The other day I wrote a post about how the Dow Jones Industrial Average was down 529 points and how that was not a big deal for long term investors. Well, today the Dow Jones rebounded and rose 429 points. That is exactly why I ignore short term fluctuations. Short term drops and bounces are unimportant unless you are a trader. [Read more...]
The Dow Dropped 512 Points Yesterday So What???
August 5, 2011 By 6 Comments
The Dow dropped 512 points yesterday and a whole lot of people panicked. They are so worried that the market is tanking and that the end of the economy is coming. News programs and financial websites all led off their programs with the big drop in the day. I went about my normal business as the market dropped and actually looked at the decline as an opportunity. Instead of selling like the general crowd did I was in the market buying. [Read more...]
