What’s the best choice between growth stocks vs. dividend stocks? The answer depends on which strategy helps you to best achieve you investment objectives. One of the biggest financial mistakes I ever made was selling a stock. In 2006, I bought 40 shares of Apple (AAPL) for about $58 a share. I called myself a…
Viewing category: Stocks
25 Small Investment Ideas to Cultivate Wealth
There’s no shortage of small investment ideas now that financial platforms are finally catering to investor demand. Many of the asset classes we take for granted today weren’t readily available to beginner investors a decade ago. Access to commission-free online brokers, fractional shares, and innovative exchange-traded funds (ETFs) has broadened the universe of investments available…
The 18 Best Income-Producing Assets for Retirement
There are two primary ways to self-fund a retirement. 1) Live off of the output from income-producing assets. 2) Drawdown retirement savings by selling investments. My retirement strategy is to combine both methods to diversify my retirement income streams. By spending money from income-producing assets first, I’ll reduce the amount I need to sell in…
Investing Strategies in Light of the Market Volatility
Patience is not a skill or an inherent ability. It’s a practice, one that does not necessarily develop with age or wisdom. Successful investing takes patience because as you extend your investment horizon, your chances of success increase. You can’t expect good results in the short-term, but you can expect excellent results 10-20 years out…
Prediction: This is the Decade You Become Wealthy
You care about money. Not because it buys you fancy watches and luxury cars. But because it buys you independence. I know you care more about financial freedom than material possessions because you’re here instead of Instagram. Starting this month, and for the next ten years, you have an extraordinary opportunity. You can become wealthy. …
11 Financial Goals to Set Any Time of the Year
Are you thinking about what financial goals to set this year? According to a motivational flyer in my office, 71% of Americans make resolutions, but only 8% succeed. Put me in that 8%. This year, I’d like to lose about 15 pounds. I also ate a lot of chocolate last week. With setting financial goals,…
The 5 Best Investments in 2020 for Long-Term Growth
As New Year’s resolutions are fresh on your mind, there’s no better time than now to initiate and strengthen wealth-building strategies. To help inspire you, I’ve created a list of best investments for 2020. This article is about where you can direct your money and time this year so that ten and twenty years from…
Is it Smart to Use a Home Equity Loan to Invest?
Utilizing a home equity loan or line of credit (HELOC) is surprisingly less popular these days despite record levels of homeowner equity (see chart). Mortgage interest rates are still hovering near all-time low levels after a few rate decreases from the Federal Reserve. The big banks are eager to lend money, but they’ve raised their…
I’m a 24-Year-Old YouTuber with 500,000 Followers — Here are 4 Reasons Why Young Investors are Struggling
I’m excited to present a guest post this week from a prolific YouTuber named Ryan Scribner. Ryan talks about investing and personal finance on his YouTube channel, where he’s amassed a following of nearly 500,000 subscribers. He also runs the blog Investing Simple where he shares reviews and investing tips for beginner investors. When he…
Lifetime Income: How to Build it Without Annuities
Have you heard advertisements about creating lifetime income for a secure retirement? I’m always skeptical about annuities because they are so confusing, even for those of us that pay attention. Turns out, the term “lifetime income” is a marketing phrase meant to demystify annuities by highlighting their main benefit. Unfortunately, a new marketing campaign doesn’t…
M1 Finance Review 2020: A Top Broker for Long-Term Investors
This M1 Finance review was last updated on 06/10/2020. We recently witnessed significant disruption in the online brokerage industry — a waterfall of competitive positioning and change. Nearly all online brokers are now commission-free Robinhood was the original disruptor who started this whole thing and amassed a few million accounts. Then M1 Finance predicted the rest…
How to Invest in Dividend Stocks in 2020 – A Comprehensive Guide
Read on to learn more why M1 Finance is my favorite online broker for getting started with dividend investing. I started learning how to invest in dividend stocks in 1995 when my uncle gifted me one share of Chevron stock for my 20th birthday. Since then, I’ve built a portfolio of 50+ stocks in my…
Major Milestone: $12,000 Forward Passive Income
I’ve tracked how much forward passive income I earn from investments since I started investing in dividend stocks. I prefer this metric over performance against the market indexes because I’m not trying to beat the market with these funds. Dividend income is reliable and predictable. Based on the holdings in a dividend stock portfolio, you…
Transferring Retirement Assets from Vanguard to Fidelity
I recently completed a six-figure transfer of retirement assets from Vanguard to Fidelity. The transfer is part of an account consolidation effort I put in motion last year to simplify our finances. The need to consolidate accounts became apparent when we started working on our family estate plan. We’re coming close to finally completing our…