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Invest Your Money

Why I Ditched My Target-Date Fund

There are times in life when you’re not going to want to be involved with certain projects. For example, I want nothing to do with home or auto repairs. 

When something I own breaks down, nothing brings me more pleasure than calling a handyperson or a mechanic I know and having them do all the work. 

I don’t want to know how they “make the hamburger” or do the repair. I just want to know it was “cooked well and delicious” when it’s finished.

At one point in my life, I felt the same way about my 401(k). 

But now, I feel differently. 

Here’s why I started taking an active interest in my 401(k), and why I ditched my target-date fund – and you should, too.

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Invest Your Money

The 6 Best Income-Producing Assets

Do you want to generate passive income? Of course you do!

Well, the best way to make passive income is by investing in income-producing assets.

There are risky ways and safe ways to make passive income. Generally, the more risk you take on, the higher return you can make.

Whether you want to invest $1000 or $20,000, this list will have an option that will work for you.

I will start the list with the highest-earning and riskier income-producing assets and work my way down to the lower-producing and safer income-producing asset classes.

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Invest Your Money

What is Value Investing? How to Buy Great Stocks at Great Prices!

We often talk about investing your way to wealth. We often talk about how you need an investing strategy, but seldom do we talk about how you can invest using it! One of the most famous investment philosophies is value investing, but what is it?

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Invest Your Money Personal Finance Product Reviews

M1 Finance Review – Start Investing for Free

We strive to provide you with valuable information and resources. Opinions are from the author alone, not from any advertiser or partner. Many or all products featured here in this M1 Finance Review are from partners, and we earn from qualifying purchases/signups.

M1 Finance Review (+ How to Start Investing for Free)Investing doesn’t require special skills or expensive software. M1 Finance is a free investing app that makes it easy for anyone to invest. You can invest small amounts of money into most stocks, ETFs (exchange-traded funds) and index funds.

Both new and experienced investors may find M1 Finance intriguing. You can buy fractional shares of stocks and ETFs without paying a trade fee. This can make it easy to save for retirement by investing in low-cost index funds while having the flexibility to be a DIY investor.

I use M1 Finance as a fee-free way to buy fractional shares of my favorite stocks and ETFs. You can invest as little as $25 at a time.

This M1 Finance review will help you decide if this is the best online brokerage for you.

Categories
Invest Your Money

7 Things To Consider Before Selling (and 7 Things to Do Now!)

One question that I get asked often in times of major market declines like the one we are in is, “Is it time to sell?”. It’s easy to say “NO!” but there’s a much lengthier discussion to be had.

Over the last month and a half or so we have essentially grounded to an economic halt here in the United States and globally. There is a lot of fear and anxiety.

Times like these when you look on the screen and you see the Dow down 10% and the next day it’s up 5% can be very frustrating. I get it!

The frustration is normal, although, freaking out is not! And what I mean by freaking out, is effectively saying, “Hey, I have to get out of the market, I have to sell everything.”

You’re faced with this overwhelming desire to just “stop the pain” because that’s the way that our brains work. You end up being faced with three decisions.