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Investing Basics

Manage your moolah with mutual funds

And we continue the quiz streak with mutual funds. Can you get 100%? You can buy mutual funds that copy an index. T/F There are stock mutual funds, bond mutual funds, and hybrids of the two. T/F Mutual funds represent ownership of a single company. T/F Target date funds copy an index. T/F You want …

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Investing Basics

Stock basics – do you have them?

You guessed it – another quiz! How are you on stock basics? Stocks are a good way to protect against stock market fluctuations. T/F Stocks represent shares in the debt of a company. T/F You want to retire in 20 years. The best instrument to save for this goal is: Stocks Treasury bonds High-yield bonds …

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Behavioral, Investing Basics

Investing mistakes were made…so move on

“You may have a fresh start any moment you choose, for this thing that we call ‘failure’ is not the falling down, but the staying down.” Mary Pickford This is true in investing too! Mistakes are made. It doesn’t mean you have to stop investing, but learn from the error, and then move on.

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Investing Basics

We’ve got the 411 on bountiful bonds

Today is bond, just bond day. Another quiz! Let’s see how you do. Bonds are good for long-term investment goals. T/F If you’re saving for a house in three years, the best instrument to save is: Cash Large cap stocks Bonds Small cap stocks Bonds are a good way to hedge against inflation. T/F Bonds …

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Behavioral

It’s never too late to take charge of your finances!

“Wise spending is part of wise investing. And it’s never too late to start.” – Rhonda Katz It would be nice if everyone started investing into retirement accounts as soon as they’re eligible, in their twenties. And never touch them until retirement! However, that’s somewhat unrealistic for most people. It’s important not to give up …

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Behavioral, Fabulous Monthly Tips

Online tracking is where it’s at

Start tracking your spending online. There are plenty of free tracking sites out there, though you can also pay a bit more a month to get some extra benefits. Click here for resources as to which one to choose. Gamify it: Start trying to guess what you’ve spent every day. Have no-spend days and find …

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Fabulous Monthly Tips

How many Mercedes is it?

“I’m so naive about finances. Once when my mother mentioned an amount and I realized I didn’t understand, she had to explain: ’That’s like three Mercedes.’ Then I understood.” – Brooke Shields  Gamify it: If it’s easier for you to think in terms of Mercedes, or a pair of shoes, or a day at the …