AdviceIQ Articles

  • Invest in Your Human Capital

    As a young adult, developing your skills, education and other qualities determines your ability to earn an income. Here’s how.

    Your human capital includes your skills, expertise, education and ability to connect or interact with others. In financial terms, your human capital represents the present value of all your future wages.

  • 4 Questions on Stock Option Grants

    Any investor should frequently ask questions, often about simple securities. Stock options from your employer complicate matters a lot more, and here’s what you should ask.

    In the classic game show “Jeopardy,” contestants show their smarts by asking the right questions rather than by giving right answers. Executives wanting the most out of their stock options will do well with a similar approach.

  • What to Ask an Advisor?

    When you seek a financial advisor, what questions should you ask? Your aim is to find someone who handles clients like you – and who is financially savvy.

    If searching for an advisor to manage your assets, one question that’s of marginal help is: What’s your investment record? A money manager whose investment performance touched the sky last year may stumble this year.

  • Revising the $100K Illusion

    Not long ago in an economy not so far away, a six-figure annual wage spelled arrival, success and wealth – not to mention future financial freedom and security. Times and prices change. Here’s how to restore a punch to those six figures.

    How quaint that $100,000 a year once seemed like millionaire status for wage earners. When I was a kid, my parents said things like, “He can certainly afford it – he makes six figures!”

  • A Smarter Way to Budget

    Fall brings Halloween and before you know it the gift-buying craziness of the holidays. They drive investments, cash flow and credit card bills right from your mind. This time of year, before the rush, is a perfect time to refine your annual budget, and here’s why.

    Budgeting problems are twofold:

    ·         You use a budget template that doesn't reflect your lifestyle or how you look at money, or

    ·         You once prepared a budget, locked it in a drawer or a Quicken file and never looked at, updated or revised again.

  • Investors’ Stock Doubts – Still

    Investors still are dubious about stocks, even though the market has had a decent, if sometimes bumpy, ascent since March 2009. That’s troublesome, because stocks over the long haul are the best way to increase your portfolio and build a decent retirement.

  • How to Manage Your Cash

    Why do so many businesses fail? Bad cash flow management is a big reason. Sure, maybe your business plan is foolish or your financing is inadequate. But if your company is on solid ground, nothing can hurt you more than a slow hemorrhage of cash.

    Everyone hears about the boons that good cash management can bring. Remarkably, so many businesses fail to properly implement it. Ignore cash management, and you inadvertently sabotage your efforts to grow your company and build personal wealth.

  • Advisors Taking Own Advice?

    Choosing your right financial advisor comes down to your personal preferences. One great question: Does the advisors practice what they preach? If they don’t follow their own advice, why should you?

    Some financial advice, of course, applies to you and not to the advisor, such as words of wisdom on reducing debt if the advisor doesn’t owe any (and manages money well to avoid it).

  • What’s Eating Your Returns?

    You diversify your portfolio, passively or actively manage your holdings and wait for your returns to roll in. Depending on your holdings, a few factors chew your returns before you see them. Here’s what to look for.

  • Reducing High 401(k) Fees

    Remember when 401(k) sounded like something only a chemist knew about? Now we all receive 401(k) statements routinely – including information about fees. Here’s what to do if the fees rise.

    When 401(k) plans’ fees hit 2% annually, they introduce a tremendous drag on your investment returns over the long term.

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