Why U.S. Investors Should Care About Greece’s Crisis
WEALTH Magazine Staff
In recent months, you no doubt have noticed that much of the U.S. stock market’s volatility is somehow related to the debt crises in Greece. When news out of Greece is bad – that is, when it looks as if Greece may not be able to repay its world debts – it has a direct impact on the U.S. stock market.
But why? Why should American investors worry so much about what happens in a small European nation across the ocean?
The answer is two-fold. More…
Fed Plans to Keep Interest Rates Low 3 More Years
WEALTH Magazine Staff
The Federal Reserve Board recently announced that it was committed to keeping key interest rates near zero until late 2014. This policy is intended to create jobs and stimulate the economy by making borrowing less expensive. When money is cheaper to borrow, it flows more freely.
But the announcement, which surprised some observers, can have many implications, not all of which are immediately clear.
Let’s start with the positives. Keeping money cheap for banks and other institutions does mean it will be easier for them to lend to businesses More…
The Promise — and Peril — of Reverse Convertible Bonds
WEALTH Magazine Staff
Reverse convertible bonds are short-term bonds that convert into stock if a company’s share price plummets. In effect, an investor who buys a reverse convertible is selling the equivalent of a put option—the right to sell a company’s stock at a certain price. Investors also take on credit risk because the notes are unsecured debt.
Banks market reverse convertibles, as the products are known, as short-term bonds that have a safety net because they convert into stock if a company’s share price drops. More…
The 4G Revolution Is Arriving–Bit by Byte
If you’re looking with dismay at your LG Electronics EnV Touch VX11000 Smartphone or a similar device and wondering whether you should just chuck it into the trash because 4G cell-phone technology has arrived in your city, here’s a cautionary note: Not so fast!
Most modern phones are nowhere near obsolete. And besides, 4G networks are popping up almost as slowly as reports of marital bliss in the Ashton Kutcher-Demi Moore household. Oh, and did we mention there are two competing 4G technologies out there? Anyone remember VHS versus Betamax? More about that later.
The cool news is that 4G—meaning the fourth generation of wireless service—promises to offer speeds up to 10 times faster than what 3G networks and phones deliver. More…
Enjoy Better Health With Your Wealth
WEALTH MAGAZINE STAFF
Working to acquire or sustain wealth takes energy. But if you’re less than healthy, you’ll have less energy to devote to the pursuit. The fact is, living a life of true wealth means being healthy enough to enjoy it.
Medical studies say that the number one threat to our health is obesity. Those of us packing a few extra pounds are doing our bodies no favors. The risk of high blood pressure, adult-onset diabetes, even heart failure and stroke rise substantially as we gain weight.
And yet, fully two-thirds of Americans are overweight, and half of those folks — one out of every three American adults — is considered obese. So for many of us, it’s time to formulate a plan to combat the fat.
But how? More…
Want More Money? Hang out Your Sign
If you are looking for a way to make money without a lot of capital, man-hours, or a steep learning curve, consider owning billboards. Investors can get started with little money down, and can grow their outdoor-sign business as large as they choose, determining their level of income.
Billboards come in all shapes and sizes, residing in urban downtowns, small cities and along highways all across the nation. Outdoors signs have even gone global, and the earnings potential is great, says Frank Rolfe of OutdoorBillboard.com. More…
Financial Freedom, Part Two: Setting Your Money Goals in Motion
When setting goals for most situations, such as your career, you first set short-term goals that support long-term goals. With personal finance, you want to look at your goals more or less in reverse order.
First, you need to determine where you want to be financially during your later years of life, such as when you reach retirement and are no longer earning money from your career or business. Then, you should allow these long-term goals to drive your goal setting for the near term. More…
Principles of Wealth, Part One
Many people have accomplished personal financial goals that allow them to enjoy true personal wealth. All successful people followed some general financial principles that helped them accumulate money and build wealth instead of spending money frivolously.
Here are the first three principles for generating wealth (See Part Two for more wealth-generating principles): More…
Principles of Wealth, Part Two
In Part One of the “Principles of Wealth,” we learned that it’s important to Pay Yourself First, Pay Off Credit Debt, and Invest Money in Growth Opportunities. In Part Two, we’ll take a look at eight more Principles for Generating Wealth.
General Wealth Principle #4: Small Amounts Add Up to Big Returns
Perhaps you think you don’t have enough income to save sufficient funds to tie up any of your money in lucrative investments. This is completely untrue. Even if you have only a small amount of investment money with which to begin, you can make a start and keep adding to that initial investment. More…
Finding a Good Financial Planner, Part One
While everyone should become educated about money, wealth generation, investing and the best ways to expand his or her life, not everyone has the education and experience of a financial planner.
A good financial planner can help you create a personal roadmap to achieve your wealth goals.
Here are some of the things a solid financial planner should be able to do for you:
- Help you make a plan to get out of credit debt.
- Assist you in setting up a working budget and establishing beginning financial goals for the short-term, such as establishing an emergency fund, college fund and short-term savings. More…