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Category: Investing

Your Basic Guide to Retirement

Your Basic Guide to Retirement

Being a millennial, I realize that retirement sounds like a foreign, future concept to most people my age. Retirement? I’m only in my 20s/30s; I’ve got at least 30-40 more years of working left before I can retire. Why would I worry about that now? I want to use my money to enjoy my life now. Why bother working if I’m just going to save all my money and not do anything with it. These are all VERY common thoughts…

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1 Million Ways to 1 Million Dollars: Investing

1 Million Ways to 1 Million Dollars: Investing

Today’s post is a guest post from one of my fellow blogger friends. He’s got lots of great posts, so after reading this one here, be sure to check out his blog via the link below. He is also one of the bloggers featured on my Resources page! Hello, my name is David and I run Zero Day Finance, a blog dedicated to helping you control your spending with the ultimate goal of achieving financial independence. I recently wrote a…

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An Easy Way to Invest in ETFs

An Easy Way to Invest in ETFs

As I’ve been reading through other personal finance blogs, I have noticed something that keeps popping up on many of them: ETFs. While I know what ETFs are, I have never actually invested in one. If you have read my prior blog posts, my husband and I typically invest in individual companies rather than picking ETFs. So, last week when a friend of mine, who is also a subscriber of the blog and a fellow accountant, reached out to me to…

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3 Ways to Invest in Real Estate

3 Ways to Invest in Real Estate

Last week I posted about homeownership and I am continuing the real estate theme, but this time with a different twist. My husband and I went to go look at a condo this weekend. Not for us (as many of you may already know we own a home), but for a close family member who is looking to move closer to the rest of the family. We looked at 2 places: one that was fully renovated and move in ready…

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An Update On My Mutual Conversion Investment

An Update On My Mutual Conversion Investment

Winner, Winner, Chicken Dinner That phrase has multiple meanings depending on where you look, so I will cut to the chase. I wanted to wait until we finally sold our shares in our first mutual conversion before I posted an update. As of May 1, 2017, we officially sold our shares in Putnam County Savings Bank (PCSB), a small community bank located in Westchester County, New York, for $16.28. With a cost basis of $10 per share, that’s a gain…

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4 Investing Tips For Beginners

4 Investing Tips For Beginners

For many people, especially millennials, investing is a scary word. Millennials watched their parents, friends and relatives struggle through the most recent financial crisis of 2008-2009, where investment values were nearly cut in half. Many individuals lost their jobs and a significant portion of their retirement savings as stocks, bonds, mutual funds and 401K values all declined. With the crisis now well behind us, the market has rallied from those lows and hit all-time highs, which for some resulted in…

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Guest Post: How to Beat Passive Dividend Investing

Guest Post: How to Beat Passive Dividend Investing

Today’s guest post is by a fellow blogger friend of mine, Troy @ MarketHistory.org. Troy’s blog discusses his thoughts on investing, the stock market, and controversial personal finance issues. He runs a privately held investment firm, so he’s got some great insight! It is true that dividend investing beats index investing (i.e. tying yourself to a benchmark like the S&P 500) in the long term. From 1927 to the present, dividend stocks in the S&P 500 outperformed non-dividend paying stocks by…

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How to Use Mutual Banks to Increase Your Returns

How to Use Mutual Banks to Increase Your Returns

With the market at an all-time high, attractive investment choices with promising returns are getting difficult to find, especially for the average, non-accredited investor. This article is dedicated to an uncommon and relatively unknown investment class; mutual bank conversions. So what is a mutual conversion, and how does the process work? A mutual bank or savings institution is a bank that is owned by its members, as opposed to a conventional bank, which is owned by shareholders. Profits from mutual…

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The Power of Compounding

The Power of Compounding

Many people underestimate the power of compounding. What is compounding, and why is it so beneficial? I’m sure most of you have seen those financial adviser commercials that ask individuals when they started saving and if they think they have enough money for retirement. Those commercials are focused on the power of compounding. Compounding, in finance terms, is defined as the ability of an asset to generate earnings (interest, dividends, income), which are then reinvested in order to generate their…

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What to Know Before You Invest

What to Know Before You Invest

Many people believe that you need thousands of dollars to invest. This is simply not true. You can invest with as little as a few dollars if you really wanted to. Ideally, I would suggest waiting until you have more than that, though. Before investing, there are a few things to consider. First, I would make sure you have paid off all high interest debt (i.e. credit card debt). The reason for this is you want your rate of return…

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