How much did you spend on Valentine’s Day? Maybe you didn’t celebrate and ended up spending nothing. Or, you could have gone all out. Here are a few averages. Average Spending According to the National Retail Federation the average couple plans to spend around $175 this year. Total spend of all Americans celebrating the holiday […]
Here are some of the top trading mistakes that newbies make. If you are a trader or are thinking about trading, then you will want to avoid these common mistakes. Trading is much different than long-term investing, and your approach should differ too. Lack of Planning One of the most common mistakes that new traders […]
As of the writing of this article the markets have been down the past 6 trading days in a row. The Nasdaq is off over 14% from its all time high, and it now deep into correction territory. What is an investor to do? The best advice that I can give is to not panic. […]
Why are call options risky? The world of options is complex and often confusing to people who aren’t familiar with how they work. Options can have risk that is limited or infinite depending on which type it is. Here is a little more detail on calls and the risks that they could pose to you […]
I was doing some yearend financial bookkeeping and realized that I made over $35,000 in dividends in 2021. Dividends aren’t the main focus in my portfolio, but a lot of my holdings pay them. I like dividend investing as a passive income strategy, and I think every investor should be focusing on at least a […]
Should you take equity in exchange for salary? Equity payments are common with many start-up companies and some mature companies. They allow younger companies who may be lacking in cash to save on salary by offering their employees alternative means of compensation. Larger corporations may also use this strategy to attract and retain talent. Think […]
You probably know by now that the cost of pretty much everything has been on the rise. Thanksgiving dinner is no exception. If you are gathering to celebrate with family and friends this year plan to pay more. Rising Costs The average Thanksgiving dinner for a party of 10 is up 14% this year compared […]
Surely you have seen several methods to invest money in the markets from lump-sum investing to attempting to time the market by “buying the dips.” So, is dollar-cost averaging the investing strategy to beat? Let’s have a look. Dollar-Cost Averaging Defined Dollar-Cost Averaging is an investment strategy that is a systematic practice of investing […]
I just finished building a queen size bed frame. After looking at several furniture stores for bed frames, I decided to build my own. Furniture from the store is expensive, it is poorly made, and most of the pieces are currently on backorder. I’ve been thinking about building a bed frame for our cabin for […]
There is a lot of advice going around that suggests that you should spend money on experiences and not things. The idea is that material possessions will lose their luster, but experiences will give you a lifetime of memories. So, is this sound advice? In certain cases, it can be, but there are some wrong […]