Subscribe to our free weekly newsletter by entering your email address below.
New and Exciting Update!! Next Financial Chaos Topic: Tax Preparation and Planning with special guest co-host Brandon Verner, CPA, a partner with Verner, Perling & Company, P.C.
Money Guy in the Media
“My Story: A One-Trick Pony Nearly Galloped Off With My Fortune.” from
Kiplinger’s Mutual Funds 2006 by Robert Frick.
Other Useful Articles and Links
“Getting Wise to Mortgages.” from the Saturday, February 4th, 2006
Wall Street Journal by James R. Hagerty and Ruth Simon.
“Is an HSA Right for You?.” from the Thursday, February 2nd, 2006 Wall Street Journal by Sarah Rubenstein. “Buffett Letter Provides A Contrarian Guide to Timing the Market.” from the March 9th, 2005 Smart Money by James B. Stewart.
Financial Chaos Topic for February 13th Podcast:
Mastering the World of Investing!
Basic Definitions
Stocks: Stocks represent shares of ownership in a public company.
Bonds: Bonds are basically a chance for you to lend your money to the government or a company. You can receive interest and your principle back over predetermined amounts of time.
Mutual Funds: A mutual fund is simply a financial intermediary that allows a group of investors to pool their money together with a predetermined investment objective. The mutual fund will have a fund manager who is responsible for investing the pooled money into specific securities. By pooling money together in a mutual fund, investors can purchase stocks or bonds with much lower trading costs than if they tried to do it on their own.
Diversification: The idea of spreading out your money across many different types of investments. Choosing to diversify your investment holddings reduces your risk tremendously.
Bull Market: A prolonged period if time when prices are rising in a financial market faster than their historical average.
Bear Market: A prolonged period of time when prices are falling. It is usually marked by a price decline of 20% or more in a key stock market index from a recent peak over at least a two-month period.
Market Correction: A drop of at least 10%, but not more than 20%
Bear Market Rally: A rise of at least 10% but not more than 20%.
The Balance of Risk and Reward
Dirty Little Secrets of Investing
Homework/Additional Reading:
http://www.amazon.com/exec/obidos/ASIN/0156029634/wwwmoneyguyco-20/104-8134927-2171111?creative=327641&camp=14573&link_code=as1
Financial Order of Operations®: Maximize Your Army of Dollar Bills!
Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and…
View ResourceCan This Annuity DESTROY Your Retirement?
Read MoreThe IRS Just Changed the Rules About 401(k)s (What You Need to Know)
Read MoreWealth Multiplier Revealed: The Magic of Compound Interest!
Read MoreHow about more sense and more money?
Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.
It's like finding some change in the couch cushions.
Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.
Subscribe to our free weekly newsletter by entering your email address below.