Can the Experts Help Us with Investing in Dividend Stocks?  6 Month Update

Investing in Dividend Stocks

What if there was a really simple way for investing in dividend stocks and knowing which ones were going to do better than others over the next year?  What if all you had to do was just read the expert opinions to know how they were going to do? That’s the fun little experiment I started about 6 months ago when I bought my last round of dividend stocks to add to my money design.  Of course this is NOT how I picked my stocks and I would NEVER advise you do this.  There are plenty of other ways to evaluate the assets of a company.  All the same though, I thought it might be fun to note the “expert opinions” for each of the stocks I bought earlier this year and see how they did every 3 months are so. Who knows – could any of these … [Read more...]

How to Double Your Money the Safe and Smart Way

How to Double Your Money

Blackjack.  Hot-pick stocks.  These are the kinds of silly things people usually think about when it comes to doubling their money fast. Unfortunately when it comes to methods like that, the story usually ends with them not only NOT doubling their money but also losing all of their initial investment too. Ever since I was a little boy I’ve been completely fascinated with the legitimate ways that you take one dollar and turn it into two. The truth is that it’s actually pretty easy to do.  There are lots of ways how to double your money without having to take a whole lot of unnecessary risks.  You just need the patience to give it time and let it happen safely. Here’s how that happens:   The Rule of 72 and Doubling Your … [Read more...]

Can the Experts Really Help Us Find Good Stocks to Invest In? Let’s See for Ourselves

Financial Pie Chart

One of the most thrilling and scary things you can do with your money is to buy individual stocks. I like to hold a small portion of my investments in individual stocks because I have found it to be a very useful component to my overall plan for financial freedom (my money design as I call it). Plus I’ve been investing for a long time so I have a pretty good idea of what to do. Unlike when you own a mutual fund, you lose the safety and security of owning 100’s of stocks at one time when you buy pick and buy stocks one a time.  (Of course the experts have also said that you really only need 10-12 stocks to be adequately diversified). But then there’s a pretty lucrative up-side to stock investing: Your winners could be unbound!  … [Read more...]

The Pros and Cons of Brokers When You Try to Sell Your Annuities

business graph

Somethings your investments just don't work out like you planned, and you might decide it's time to sell your annuities.   But selling a structured settlement can be a tough task, especially because of the mandatory court approval requirements, and the involvement of other stakeholders such as claim adjusters, attorneys, and of course, buyers. In addition to all this, you also have to decide whether you want to opt for the services of a broker. So how do you know if using a broker is the right decision?   Pros of having a broker help you out to sell your annuities: Accurate representation of technical information about your settlements so that there are no last minute shockers – There is a lot about your structured … [Read more...]

5 Ways to Diversify Your Portfolio and Get the Most Out of Your Investments

investment

Whether you’re an investing pro or you’re new to the game, it’s a good idea to always review your current investments, and ensure your portfolio is diversified. This will give you the best spread of risk vs. yield. A well-diversified portfolio also helps protect you in the case of economic problems or bad investment choices. There are many ways you can go about ensuring your portfolio is diversified.   1. Decide on a Plan Early: One of the worst things you can do when trying to ensure that your portfolio is diverse is to take it as it comes. When you make a plan, you’re able to ensure that the companies you invest in fall within that plan. There are a few things you should decide before investing. How long are you planning for the … [Read more...]

Active vs Passive Investing – Are There Times When Actively Managed Funds Can Actually Be A Good Thing?

Money Choice

At the beginning of every year I have a little routine. I take the time to grab a cup of coffee, sit down in front of Vanguard’s website, and review all our current and potential investments. Exciting?  I know …  But it has to be done. What is it I’m looking for exactly?  Obviously the opportunity to make more money! More specifically I’m combing through the performance figures and seeing what’s out there. But wait!  Aren’t I just wasting my time?  I thought all the “smart” investors just buy a simple index fund that follows the S&P 500?  That’s the big secret behind active vs passive investing, right?  Set it and forget it!  Couldn’t I just do that instead? Well, I could … … but is that really the smartest thing to … [Read more...]

A Beginner’s Guide to Financial Spread Betting

Green Dice

The following post is a guest contribution.  If you would like to write for My Money Design, please feel free to contact me. When it comes to putting your money in the stock market, sometimes it can feel like a game.  Hopefully your investment goes up, but you also understand it could go down in value.  While there is certainly a lot more that goes into a company earning profits as opposed to simply winning the wheel of luck, it can seem to many as if they are “gambling” or being speculative with their hard earned cash. While purchasing stocks, buying options, and even shorting stocks are very common types of investments, there is another financial product that exists outside the U.S. that takes this concept of speculation to a whole … [Read more...]

You Got That Bad Investment Planning Advice From Dave Ramsey?

Right Or Wrong Directions

As much as we’d like to think that personal finance is a perfect science, it simply isn’t.  To some degree there is an extent of art and skill that has to be applied.  You have to look at certain metrics, past returns, and other intangibles to make some educated decisions about your investment planning prospects.  At times the process can be very subjective.  And when things are subjective, that can open us to being misguided or wasting time going down the wrong path. So if that were to happen, you would usually expect that kind of bad advice to come from some two-bit financial planner who doesn’t know what he’s talking about.  Or it would come from someone pushing his own agenda. But would you have ever expected bad investment advice … [Read more...]