When one reads typical retirement advice, they’re often told that beginning in retirement they should start withdrawing about 4% of their portfolio for living expenses each year. The 4% rule is standard retirement advice that gets cited all the time since it’s considered a safe withdrawal rate for the average retiree. However, the downside of this plan is that the [...]
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Here’s a pretty bogus article from marketwatch that says, “Impatience and financial illiteracy” “Could stunt a good retirement for young adults”. The article is full of broad-based hogwash such as… “Almost half — 47% — of Americans born between 1977 and 1994, also known as Generation Y, are below average when it comes to financial literacy, with [...] In the past I’ve posted a couple of times about the importance of dividends. Here’s an interesting article that illustrates their importance with a great chart. The chart shows total stock returns by decade and then breaks down the returns between capital gains and dividends. The data is clear… ignore dividends at your own risk. (Please [...] I’ve spent the past couple days working on my taxes. This is the first time I’ve prepared my own return, and I have to say it went better than expected. I used TurboTax and it really made the whole process quite simple. I especially loved the feature that let me download my investment [...] I found this new bill that was introduced by Congressman John Carter of Texas the other day. I found it amusing considering my recent post on Tim Geithner and him not paying his taxes. Below are the details of the new bill and here’s a link to the Congressman’s webpage. I’d love to actually see [...] Over the past week there has be a resurgence in talk about the government creating a so called “bad bank” to help solve the financial crisis. The bad bank would step in and purchase toxic assets that are currently clogging up the balance sheets of U.S. banks. This would free up the bank’s balance sheets, [...] |
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Gen Y Investors View Investing As Fun
Apparently the majority of 20-something investors view the process of investing as fun. This is quite an interesting finding seeing as though we just lived through one of the biggest market busts in history.
Kimberly Palmer of the U.S. News & World Report writes: Gen Y: Investing Is Fun, Not Scary
“Online brokerage company Scottrade is out with some surprising findings [...]