Two Ways to Hedge the Falling U.S. Dollar

Posted on April 12, 2008 - Filed Under Money | Leave a Comment

As the Dollar gets weaker day-by-day smart investors need to do something in order to hedge their exposure to the falling US currency. You should not dump all of your stocks and buy up gold but the trend of the falling dollar is one that you should not ignore.

There are a couple of simple ways that you can hedge the falling Dollar.

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Term Life Insurance Made Easy

Posted on November 27, 2007 - Filed Under Money | Leave a Comment

What is Term Life Insurance
Term life insurance is the least expensive life insurance product available. As the name implies, Term insurance is insurance that is purchased for a particular “term” or length of time. This term can be as short as one year and as long as twenty years. Once the term ends, so does the life insurance coverage.

Types of Term Insurance
There are three main types of term insurance. They are:

Annual Renewable Term (ART):
As the name suggests, this insurance policy is for one year at a time. Every year you renew the policy, the annual premium goes up because as you get older you become more likely to die. This type of policy is while very inexpensive when you are in your 20’s, becomes very expensive as you get older. Thus it is most commonly bought by individuals in their 20’s and 30’s.

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Why You Need Disability Insurance

Posted on November 22, 2007 - Filed Under Money | Leave a Comment

Do you have insurance on your car? On your home? On your biggest asset? Most people fail to insure their biggest asset.  Themselves. Your unlimited earning potential makes you by far the biggest asset you have. Is your biggest asset insured?

It is the ability to earn an income that makes you such a valuable asset. When thinking about insurance, most people think only of life insurance. What I am talking about here, is protecting your ability to earn an income, not providing for your family in case you die. Disability income insurance (DI) protects your ability to earn a living.

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Understanding Wills

Posted on November 20, 2007 - Filed Under Money | Leave a Comment

Our own immortality is something that most of us avoid talking or thinking about. But the truth is that we will all die at some point in time and that any assets that we have collected in our lifetime will be distributed to others. A will simply is your written instructions on how you want your assets distributed. Wills typically tell:

• What assets are to be sold, such as real estate or businesses.
• To whom remaining assets are to be given, including family heirlooms and items of sentimental value as well as financial assets.

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Is Gold Overvalued?

Posted on November 14, 2007 - Filed Under Investing, Money | Leave a Comment

Gold has enjoyed a tremendous run-up recently, up over 24% in the last six months alone. As the chart on the right shows most of that gains have occurred in the last 3 months. At this level, is gold undervalued or overvalued?

Well Richard Russell, who publishes the Dow Theory Letters earlier this week was commenting on this quote by W.D. Gann. Mr. Gann is considered by many professionals to have been one of the greatest commodity and stock traders of all time.

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Turning Pennies Into Dollars

Posted on November 8, 2007 - Filed Under Money | Leave a Comment

One of the hardest things to do at times is to save money.We all know we should, but at the end of the month their always seems to be something else that we need that is more important than our savings. The savings plan outlines below is a way for you take advantage of two keys to successful investing, regularity and longevity, by turning your pennies into dollars without radically changing your lifestyle.

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Tracking Your Expenses

Posted on November 7, 2007 - Filed Under Money | Leave a Comment

Now that you have set your goals the next step is to track your expenses so can you see where you are spending your money, because until you know where your money is going, you won’t be able to stop it from going there.

There are two ways to track your expenses. One way is fast but hard; The other is slow but easy. The choice is yours. The fast/hard way is to spend a weekend going backward in your checkbook and through your credit card statements for the past six months. It’s hard, because you’ll work all weekend, and you’ll have gaps, particularly regarding the cash you spent, but by Sunday night you’ll be ready to go to the next step.

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Investing With Declining Interest Rates

Posted on November 6, 2007 - Filed Under Investing, Money | Leave a Comment

The Federal Reserve has lowered interest rates twice in the last two months. While that is good news if you have an adjustable rate mortgage or line of credit, is it good news if you own stocks? The answer to that is maybe!

In three of the past four rate-cut cycles, stocks actually fell in the six months following the first drop in rates. Sam Stovall, chief investment strategist for Standard & Poor’s, points out that following the first Fed rate cut in 1990, stocks sank nearly 14%.

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How Much Is Rich?

Posted on November 5, 2007 - Filed Under Investing, Money | Leave a Comment

So how much money do you need to have in order to be read these days? Well it used to be that having a million dollars put you in a pretty exclusive class. But a rising stock market and Internet IPO’s have delvalued the exclusivity of that. According to Financial Planning Magazine there are now 9.3 million households in the United States with a net worth of at least $1 million. That is about 1 in 12 households. How common is that!!

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Setting Financial Goals

Posted on October 31, 2007 - Filed Under Investing, Money | Leave a Comment

In a previous post we identified seven steps that you can do in order to improve your financial future. The first of theser steps is writing down your financial goals. Write down what you want to accomplish in the next 12 months, how you will do it and when you want to accomplish these goals. If you actually write them down you will be much more likely to stick to them. Then review them every quarter to see if you are on track.

Here are 4 ways to set good financial goals.

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