6 Rules for Novice Investors

6 Rules for Novice InvestorsI recently began volunteering with an organization called Girls Inc., one of whose valuable programs that teaches teen girls the basics of investing and money management. By the end of the program, the girls will be competently managing a full-blown investment portfolio. Sadly, that’s something that most adults are unable to do. Most novice investors who come to me for advice have usually been burned badly by trying to trade…

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Pensions Are Worth Zero?

Pensions Are Worth Zero?A recent Family Finance column in the Financial Post showed something strange about the way that financial planners calculate a person’s net worth. Apparently, having a defined-benefit pension plan does not add anything to your net worth. The article profiled Doris, a grandmother with a simple balance sheet. She has a car worth $3000, owes $10,000 on her line of credit, and can begin drawing a $1400 per month pension…

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How to Decide If You are Ready to Invest

How to Decide If You are Ready to InvestSo you want to get into the investment game and you’ve been sitting on the bench. The Standard & Poor’s 500 index is up around 18 percent this year through September and you’re apprehensive about getting back into the game now. Should you just run onto the field and start playing or wait for the coach to put you in at the right time? The following are three essential questions…

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5 More Reasons Mutual Funds Stink

5 More Reasons Mutual Funds StinkEarlier this year we penned a couple of columns that, more or less, beat up the mutual fund industry. We will add one more now, with a bit of an extension to highlight what’s wrong with the investment industry in general as well as mutual funds. Then we’ll give our friends and former colleagues in the business a break, but until then here are five more things we don’t like…

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