Asset Allocation By Age

Asset allocation is the process of dividing your investment portfolio into different asset classes, or groups of investments. Each group offers unique characteristics that are defined by risks and returns.Here’s what typical investors’ asset allocations—remember, that’s the mix of different investments—might look like as they get older. These figures are taken from Vanguard’s target date funds.These allocations are just general rules of thumb. Some people prefer to have 100 percent

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Small, Large & Mid Cap Stocks (+Importance of Diversification) 

You’ll see each of the different types of Stocks and Bonds; and how they differ from each other. Note that because of their complicated structure, REITs, “real estate investment trusts”—which are types of investments that let you invest in real estate through a single ticker symbol, just like a stock—don’t neatly fall into any of these categories.Now that we know the basics of the asset classes (stocks, bonds, and cash)

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Best Money Columnists You Should Know About

There are a lot of great money columnists out there. In this article, I’ll be sharing three columnists who I think do a great job relating their discipline to aspects of investing and personal finance. They each offer different perspectives and have strengths in different areas. I would consider them must reads if you are interested in improving your finances. Writes one of the most interesting blogs on psychology and money out

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How To Beat Financial Experts

The fact of the matter is that you’re unlikely to find a better-performing fund or an investor who can consistently beat the market. Why, then, are some funds so alluringly compelling? It’s simple—some managers do beat the market (short-term), and many investors are lucky. However, they rarely, if ever, continue to do so consistently. In this article, you’ll learn how to beat financial experts, so you won’t have to hire

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How To Review Your Credit Card Bills

Credit cards can be a great asset if used properly, but they can also leave you in financial issues fast. Many people have credit card debt and don’t even realize it. Here’s how you can review your credit card bills to unearth opportunities for improving your finances.I used to do a weekly five-minute review of all the charges on my card. If I took no action, my credit card reached

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“Good luck” and other everyday words that keep us from hitting our goals

I was talking to an acquaintance in Toronto when she told me she had just moved from Sydney and was trying to find a job. She bemoaned how difficult it was to find work and I nodded along sympathetically. Then she said:“It’s hard. I wish that something would just fall into my lap.”Whoa, hold on.I noticed that she specifically used “fall into my lap” to underline this wistful expectation or hope

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How top performers make their to-do lists

As a working mom, I live by my to-do lists. From deadlines, appointments, and meetings to playdates, pediatrician follow-ups, and nanny pay days, nothing escapes my long-winded lists.But it’s easy to get caught up in which fancy app or system you should use for your list. Lots of (very nerdy) internet arguments center around the right approach. Should you stick to pencil and paper? An iPhone app?“I’m a firm believer

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How To Spend Only 90 Minutes A Month Managing Your Money

Here’s the exact system I use to spend only 90 minutes a month managing my money. If you haven’t already set up your Conscious Spending Plan, I recommend doing that first.CATEGORIES OF SPENDINGUse these as guidelines for your spending and tweak as necessary.Now let’s take your Conscious Spending Plan and make it automatic. To do this, I use a concept called the Next $100. This means, simply, where will the

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I don’t just launch a product and pray. Here’s what I do

If you were opening your own restaurant, what’s the #1 thing you’d want to ensure it was successful?Maybe you want a great location right in the heart of downtown? A friendly, professional waitstaff? The most talented chefs? The freshest ingredients?I miss food in California!! This was lunch today with friendsA video posted by Ramit Sethi (@ramit) on Apr 17, 2015 at 2:13pm PDTThose are all important pieces. But would any

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How To Avoid Common Types of Bank Fees & Bank Charges

In this article, we will cover common types of bank fees, why you get them, how to avoid them, & how to negotiate them.It’s important to know how to properly optimize your accounts or you’ll end up paying fees & bank charges that can easily be avoided.One of the biggest secrets to avoiding fees and properly using your account is talking to an actual customer service rep, either in person

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