It does not matter how much you make it is what you do with it that counts. A prime case in point are these 9 fools! http://www.aarp.org/money/credit-loans-debt/info-12-2012/celebrities-who-went-broke-slideshow?cmp=BAC-CENTRO-TABOOLA&utm_source=taboola&utm_medium=referral#slide1
Anthony Isola
Think of this while you are watching Leonardo Dicaprio making millions glorifying one of the world’s biggest sleaze bags
http://www.businessinsider.com/wolf-of-wall-street-victim-letter-2013-12 The truth hurts, it would not surprise me to see people trying to emulate this crook after watching this film.
How much money do financial firms spend on sales/marketing compared to investor education?
Surprise!!!(Extreme Sarcasm) $54 in sales compared to $2!! Caveat Emptor in its most extreme form. If you swim with the Sharks a lot of bad stuff can happen.
How many times since 1897 has the Dow Jones Industrial Average lost 30% or more?
The answer is 11. Basically once every decade and every single time the Dow has went on to new highs. This is part of investing. Deal with it. If you panic during every market down turn you should not be invested in stocks. This is part of the game. Though it can be painful it…
How can teachers reduce their tax bill in 2013?
Make sure you claim this in 2013 if you qualify. This might not be available in 2014. •The $250 above-the-line deduction for school teachers – no doubt, by now, you’ve already spent more than this for your classroom and students. In fact, you probably have excess costs which you will report as itemized deductions. Anthony…
Will rising interest rates put an end to the stock market rally?
Answer: Rising rates have little effect on stock returns over extended periods of time, Bonds on the other hand tell a different story.
What would George Bailey be like if he became The Wolf of Wall Street?
Greed is good…. http://www.ritholtz.com/blog/2013/12/martin-scorseses-its-a-wonderful-life-wolf-edition/
What is the best Christmas gift for a child? A MUST READ!!!!!
The average person spends $271 on each child for Christmas. If this money was put in a low cost index fund and earned a slightly below average return of 8% a year, after 61 years the account would be worth $299,964!!! For a 4 year old this would be a nice amount to have at…
Hours and hours of boredom punctuated by moments of sheer terror how flying a plane and investing are similiar
Investing is very simple but difficult. It is how you act when it seems like the world is ending that will determine your success. Most market gains come in very short time periods and if you miss these days your returns will be devastated. The numbers prove this very clearly .As Peter Lynch once said,…
How should you divide your paycheck between saving and spending to create a sound budget??
A good rule of thumb to deal with your after tax take home pay would be the following: 50% needs and essential purchases, no more than 30 percent on a mortgage or rent 30% wants or stuff that you enjoy 20% savings that you could divide this between your 401k and bank savings account …