Most investment returns are random

This is the main reason you should use index funds. The majority of stock picking is pure random luck. There are good years and bad years but if you think the fund manager has control over this you are kidding yourself. Investing is one endeavor in which a complete amateur can destroy a professional over…

Honor Roll or Dean’s list does not equal money smarts

On the contrary, many people who received high grades end up being awful investors. These people are like Michael Jordan who thought he could transfer his skill on the basketball court to the baseball diamond. He found out the hard way it was not that easy. The skills needed to be a great or even…

Why Wall Street hates index funds

Here is the difference between $3,000 a year invested ages 25-65 in an actively managed funds vs. a market index fund. This money out of your pocket. Knowledge is power only if you act on it

How much will an extra 1% of savings per year be worth to you?

You would be amazed what a difference this makes over time. This simple system of increasing your savings by 1% each year could change your life. Go the bottom of the article and use the interactive calculator to show what small changes to savings accomplish.

Will having too many credit cards hurt my credit score?

Not necessarily, it can actually help if you pay them in full each month. Watch out because if you have too many cards and miss or make minimum payments, disaster may be around the corner. From Learn Vest 3. Will having too many cards hurt my credit? It’s not the number of credit cards that…