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Regular readers of the blog will know that I have a three-year-old son. As we prepare for Christmas, I recently learned about one of the greatest tools a parent can have – making sure my child knows the difference between naughty and nice as it relates to Santa’s willingness to bring him presents. Every time I remind him that only ‘nice children get presents’ he quickly reverts to his usual well-mannered behavior.
This week I thought I would take the time to discuss another one of my favorite funds, Ivy Asset Strategy A. In the interest of disclosure, this fund is another of my personal holdings. Ivy Asset Strategy is a world allocation fund. For those of you that may not know, a world allocation fund is a fund that will invest in stocks and bonds of domestic and foreign companies.
This is the time of year when many take their summer vacation. As I start to plan mine for later this month, I am reminded by a stat I’ve heard a few times over the years: many Americans spend more time planning their vacation each year than they do planning for retirement.
I spent almost $2,500 on cable and movies in 2008! Finally, something motivated me to evaluate how I spend money. It’s been something I’d wanted to do since purchasing my first home a couple years ago. Unfortunately, I let things like taking down wallpaper, repainting rooms, tearing out a couple walls, landscaping get in the way.
The recent economic downturn has forced many companies to consider making spending cuts and as a result a growing number of firms have decided to suspend their retirement plan matching contributions. Since this is a growing trend, I thought I would take the time to go over what you can do if your company has or is in the process of suspending their matching contribution.
Everyone is aware that the government has taken steps they believe will fuel the economy. But you might be wondering how these steps directly impact you? Below you will find a summary of the American Recovery and Reinvestment Act of 2009 and how individuals, like us, will be directly affected.
Yesterday, we watched as the Dow reached the lowest level it has seen in more than six years. Today, we watched it decline further on rumors of bank nationalization. Given that, you are probably wondering why we continue to promote a long-term investment strategy for your retirement account. It’s a good question and one that I’d like to address with the following thoughts: (more…)
In our first quarter client newsletter, we mentioned that we are happy to help our clients with a self-directed brokerage account if the option is offered through their 401(k) plan, at no additional cost. We have received a good deal of feedback and questions, so I thought that this would be an appropriate blog article for the week. (more…)
Many of our clients understand the importance of developing and maintaining a long-term investment strategy. However, there are also those who approach retirement planning as if they were in Vegas- looking to make some easy money, but quick to pull out if they hit a losing streak.
While it’s never fun to lose money, it’s important to realize both the similarities and differences between investing and gambling.
My son is approaching the end of his “terrible twos.” He’s actually been quite good during this timeframe; especially after he learned to talk (it helped end some frustration on his part). Every once in a while, when tempers flare or he pushes the edges of acceptable behavior, we give him a time-out. It’s amazing the transformation that occurs; by the end of two or three minutes, he is back to his usual good-natured self. (more…)
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