My Most Mortifying Money Moment

“The rate at which a person can mature is directly proportional to the embarrassment he can tolerate.”
–Douglas Engelbart

I knew better. When I was a carefree bachelor stationed in Germany, I lived life to the hilt. I traveled a lot. I went out a lot. I charged a lot.

So, when I came back to the States and sold my car, I paid cash for its replacement and used the remainder of the proceeds to pay off my credit card debt. I was debt free.

Just eighteen months later, I was on the phone with my soon to be … Read the article

Value Cost Averaging or Dollar Cost Averaging?

“When I’m bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don’t buy long stocks on a scale down, I buy on a scale up.”
–Jesse Livermore

When investing, people often fear that they’re going to miss the great run up or miss the next great buying opportunity. We tend to overreact when we see a stock going up and think that we’re going to miss the next great Google, Apple, or Pets.com and rush … Read the article

Play the Market Like a Hedge Fund Manager

Boldness, without the rules of propriety, becomes insubordination.
–Confucius

You’ve probably seen the day-trading baby of e*Trade. He sits in his crib and reads the financial papers, and with a few clicks of the mouse, he makes more money than all of his previous generations combined. They make it seem so easy that even a baby can make money trading. There’s a primal appeal to being an active trader – there’s thrill, risk, and the possibility of reward. Those are the same appeals, by the way, which make playing craps in Vegas so fun.

There are a lot of companies … Read the article

Don’t Wait Until the End of the Month To Save

“If you would be wealthy, think of saving as well as getting.”
– Ben Franklin

My wife and I have typically been paid twice a month. For a long time, we took the approach of putting whatever was left over at the end of the month into saving and investing. We did pay extra towards my student loan, which helped out significantly, but, at the end of the month, surprisingly enough, the amount that we’d sock away was much less than we anticipated.

Actually, when we thought about it and looked at our behavior, it was not a surprise at … Read the article

Personal Finance FAQ Series: What is a Roth IRA?

Do you know the difference between a Roth IRA and a traditional IRA? If not, then this episode of the Hull Financial Planning frequently asked questions series will help you understand what a Roth IRA is and when it might be appropriate for you.

What is a Roth IRA?

What questions would you like to see me answer? Leave me a comment and let me know!

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