AdviceIQ Articles

  • Buffett Vs. Hedge Funds

    You can make big money from hedge funds – especially if you run one. Otherwise, average investors in these holdings often face stiff fees that corrode returns. For proof, ask America’s premiere investing icon: Warren Buffett.

  • Rent During Renovations?

    Seen The Money Pit? Tom Hanks and Shelley Long buy a $1 million distressed sale fixer-upper mansion for $200,000. What happens next? Maybe the same catastrophes you envision if you renovate your house while living in it. Is residing somewhere else for a while a smarter move and how do you pull it off?

  • How to Increase Your Wealth

    As the old adage says, “It takes money to make money.” You don’t have to be wealthy to invest, but you have to invest to be wealthier.

  • Volatility Antidote: Sangfroid

    Volatility, which measures how stock prices jump around, is relatively low lately. But depend on this: It will surge again, once the market goes through turmoil. We are overdue for that. There is only way to survive the next bout of volatility – with cold blood.

    The French call this quality sangfroid. Unless you need to cash in your stocks for some reason, like retirement, don’t let these gyrations faze you. Let’s explain why this makes sense.

  • Why College Makes Sense

    College? Isn’t it too expensive? And given high unemployment among Millennials, what’s the point anyway? Financial advisors increasingly wrestle with these questions. Clients want to know whether the exercise is worthwhile.

    The overwhelming answer is: Yes. We’ll discuss this in a minute. But it is darned expensive, with higher education costs as much as $60,000 per year. Well, there are remedies for that problem.

  • Listening to Gurus (Pt. 2)

    Our first article looked at some reasons to often exercise caution with financial gurus such as Suze Orman. Here are more reasons to beware of gurus’ pop advice.

    Stocks not for everyone. Orman enthusiastically recommends investing in the stock market. This one-size-fits-all advice misses something basic: Wall Street clearly isn’t for all investors.

  • How to Fund College Savings

    When it comes to 529 college savings plans, the best strategy is to start early and start big. Don’t wait to set up an account until your teenager is starting to wonder which schools might offer skateboarding scholarships.

    These accounts are excellent vehicles to save for college, in large part because of the tax-free growth they offer. Here are some suggestions for getting the most benefit from a 529 plan.

  • Rising Stocks = Trouble? Nope

    Times are good in the stock market. Maybe too good. So expect trouble. That’s the bears’ argument. Don’t buy it.

    Indeed, a 10% correction could come at any time, as we haven't seen one for almost three years. A 10% correction, or perhaps more, takes place during a healthy bull market about once every 15 months.

    Recently, the bears have even talked about a 20% downturn, which would qualify as a true bear market. Some are even suggesting that a 50% downturn is possible. While almost anything is possible, the question is what is the probability?

  • Listening to Gurus (Pt. 1)

    The airwaves hum with brash celebrity advisors dispensing financial wisdom in blanketing sound bites. Should you listen to them? Up to a point, but only up to a point.

  • Review Money in Early Fall

    After summer’s fun and before the frenzy of end-of-year holidays marks the perfect time to review your finances.

    First off, this point almost any year sees asset classes that outperformed or underperformed to expectations. So far in 2014:

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