In general “Buy and Hold” is an investment strategy where stocks are purchased and then held on to regardless of how the market performs. While the Buy and Hold strategy has many supporters who believe it is the best investment strategy, the reality is that the strategy has many drawbacks. The strategy is especially dangerous […]
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When most people think about retirement savings they think of 401(k)s and IRAs. However, another option to consider are self-directed IRAs. While self-directed IRAs share a lot of similarities with 401(k)s and traditional IRAs, there are some important distinctions to consider. What sets self-directed IRAs apart from other options, though, are the variety of investment […]
If used properly you can take your home equity and transform it into an investment. Many people make the mistake of accessing their home equity for the wrong reasons. For example, using your home equity so that you can go on a lavish vacation or purchase an expensive car is just about the worst thing […]
When it comes to being prepared for retirement, the majority of Americans are not in good shape. A recent study found that “less than one-third of Americans are saving money in their 401(k)s and other workplace retirement accounts” (Bhattarai). Even if you are prepared for retirement, you may be shocked by the amount of taxes […]
One of the most difficult aspects of investing is dealing with market volatility. However, when it comes to limiting losses there is one asset that stands out above the rest: real estate. The U.S. Census Bureau reports that the price of real estate has increased in a consistent manner since 1940. While the subprime mortgage […]
The 2017 tax season has officially begun. Most tax experts recommend filing as early as possible. Yet before you file your taxes it’s a good idea to take some time to think about the different strategies that can help you reduce income taxes. While there are numerous legal strategies that taxpayers employ to lower their […]
If you’ve recently remodeled your home then there’s a chance you can save on your taxes. In some cases, it’s possible to deduct renovation costs. You may even be able to receive a tax credit for some renovations. If you haven’t renovated your home but you’ve been considering it, take a look at the below […]
“A prudent person foresees danger and takes precautions. The simpleton goes blindly on and suffers the consequences.” – Proverbs 27:12 Every investor understands that the stock market has a rhythm. However, the difficulty lies in being able to predict the market’s cycles. The shrewdest investors are able to accurately identify these cycles and act accordingly. […]
An increasing number of baby boomers are beginning to retire. Some estimates claim that up to 10,000 individuals retire each day in the United States. If you are close to retiring, you should consider the benefits of reverse mortgages. Keep reading to learn what reverse mortgages are and how they can help improve your retirement. […]
Real estate is a popular investment for many people. However, it’s important to recognize that investing as an owner is different than investing as a lender. Furthermore, the investment changes depending on whether you are a majority or minority owner. The type of investment that you make depends on your financial goals and investment mindset. […]
