Investible Assets

How much do you need in order to be considered wealthy? I’m sure people will answer that question differently. Some might base it off the income you have, the stuff you have, the investments you have or a combination of these and other things. Phoenix Marketing International published their annual Wealth & Affluent Monitor to help answer this very question. Continue reading “Investible Assets”

Retirement Concerns

What are your biggest retirement worries? I thought for many the biggest fear would be never having the ability to retire. Merrill Lynch and Age wave conducted a new study on retirement savings and found that 1/3 of all adults have $0 in retirement savings. None, they haven’t even begun the journey. Another 23% had less than $10,000 saved. No wonder the hope of retirement is a fading dream for many and also why I thought that would be the biggest concern. I was wrong, not being to retire wasn’t the biggest concern. Continue reading “Retirement Concerns”

A Big Pile of Junk

Junk, Fallen Angel, High Yield or whatever else you want to call it, these bonds have been all the rage for many years. For almost a decade now, interest rates have been skimming the bottom of the barrel causing many to reach for better yields. One popular arena has been junk bonds. I myself have bought them in the form of a mutual fund because it’s been one of only a few bond areas returning anything. But a recent story on Investopedia gave me pause about my own holdings. Continue reading “A Big Pile of Junk”

Stockless

Yesterday the Dow hit yet another milestone, 20,000, for the first time. It’s always nice to see record stock levels when they are in positive territory. Since the Dow Jones bottomed out during the Great Recession, the market has been up over 300%. This is an incredible jump in less than a decades time but I saw article that shone light on a problem. A record number of Americans aren’t invested in the stock market at all. Continue reading “Stockless”

How to Become Wealthy

You need to read more nonfiction books. Sounds crazy right? I’m not even sure how I ended up reading this particular Business Insider article but it defiantly had a fascinating point to make. A man named Steve Siebold spent 30 years studying and interviewing 1,200 wealthy individuals. He wanted to know what they all had in common. He wanted to know, in essence, what was their secret sauce. Continue reading “How to Become Wealthy”

Debt, Debt and More Debt

I know what your thinking, oh great their talking about it again. When will they ever stop talking about that dreaded four letter word, debt? Well, when our nation is completely debt free, government, business and personal, I will cease talking about it. Translation, I will never stop talking about it. This time we are going to focus on credit card debt. One of the worst kinds of debt out there. Continue reading “Debt, Debt and More Debt”

Good News for Retirement Savings

I talked about it before, when it comes to saving for retirement, time matters. According to Chase Bank, Baby Boomers began saving for retirement at age 40, Gen X began at age 30 and Millennials began at age 23. This is a big deal. The earlier you start saving, the more time your savings has to multiply. It gives more room for the rule of 70 to work its magic. Continue reading “Good News for Retirement Savings”

NFL Struggles Continue

It’s been on the news a lot this year, NFL viewership is down. The once mighty beast that no one thought could be slayed has been taken down…a little. The odd part is the NFL doesn’t seem to know why they are struggling. Despite all the money they make and all the power they have, they simply can’t figure out why viewership is down. They’ve blamed it on the election, the World Series and other events that have stolen their thunder. But if they don’t know what is going on then how do they expect to fix it? This is a situation that no business wants to be in because their hopes are simply in the hands of fate and wishful thinking. Continue reading “NFL Struggles Continue”

It’s Finally Over

You know what I’m talking about, the elections. No matter how you feel about your local, state and federal elections, the fact of the matter is, they finally all are over for this year. I’m pretty sure I just heard the entire US cheer but any polls you read would defiantly show the opposite. I know, it was a bad joke but I’m not even going to delve into politics with this post. What I will delve into is something I’ve been talking about since I started this blog and it’s something I will be talking about for a very long time. Continue reading “It’s Finally Over”

Where to Now

If you haven’t heard about it elsewhere, you can read about here on my blog. Stocks are overpriced compared to historical metrics. One big reason for this has been an earnings recession that has continued to drag on. The S&P 500 index has seen year over year earnings decline for five straight quarters. These declines haven’t been massive like the ones during the recession but it is not good that prices were rising while earnings were declining. I do believe there are some glimmers of hope on the horizon but not everything is clear quite yet. Continue reading “Where to Now”