Pop quiz: Pretend your investment portfolio looked like one of these three graphs. Which of these represents an 8% average annualized return each year? The answer: … [Read more...] about What Does “Stocks Return 8 Percent Each Year” Actually Mean?
The end is near! The end of the year that is … And with that, December is a good time to get you finances in order and get ready to settle with the tax man. Here are some tips to get yourself ready for another year: Set Your Budget for Next Year: Remember, a budget is simple: • Money In – Money Out > 0 = Success. The best way to do this is to create a table with 12 columns; one for each month. Start by listing your income towards the top. Then list all your bills and expenses. This strategy is usually a little more effective than just doing one generic monthly budget because it captures expenses that don’t occur every month or are seasonal (like Christmas expenses). This also lets you see how you’re doing throughout the entire year … [Read more...] about Year-End Financial Checklist