by Derek Sisterhen on June 9, 2010
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Past Due: Radio 109 – What Are You Waiting For?
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Do you ever meet someone and think, “You know, they really need help”? We all know people who need help financially, or they need to lose weight, or they need to be better parents, or they need to find a new job because they’re miserable, or…
Today, we discussed the two reasons we don’t make positive changes with our finances: ignorance and that our situation doesn’t hurt enough yet. I offered some very simple things anyone can do to begin seeing progress with their money within 30 days, from budgeting to investing.
Today’s Mentionables:
Quickie Budget
Episode 106 – Saying ‘No’ In a ‘Yes’ World
Episodes 95 & 96 – Advice for Investors from Trusted Partner Chris Blais
OneExtraordinaryMarriage.com – Tony & Alisa DiLorenzo challenging the status-quo marriage
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by Derek Sisterhen on May 26, 2010
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Past Due: Radio 107 - Big Money, No Whammies!
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What do you do when you receive a tax refund, bonus, raise, or other lump sum of money? Do you pay off debts? Do you save it for a rainy day? Do you sit on it, thinking, “I don’t know what to do with it, but I’ll figure it out,” only to wind up spending it all, one small piece at a time?
Today I took Nancy’s question about how to distribute money from a raise through her monthly budget. I also listened to what you had to say about how you manage your chunks of change. I explain my decision-making process for applying extra funds to debt and to other financial goals so that you never have to worry about wasting it.
Today’s Mentionables:
Financial Freedom Steps – simple road map to help you make confident decisions with your money
N2 College Consulting – Trusted Partner for funding your kids’ college experience
Michael Larson – the guy who beat Press Your Luck
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by Derek Sisterhen on March 13, 2010
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Past Due: Radio 096 – Mistakes Average Investors Make
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Asset Manager Chris Blais joined me again this week to talk about the common mistakes that investors make. Chris also shared some of the misconceptions about how investment advisers and stock brokers are paid.
We used a call from Andrew in Raleigh to jump start the discussion. Andrew asked:
- What metrics or measurements do average investors need to understand when evaluating an investment?
- How do I determine what funds are best inside my employer’s 401(k)?
- What are the mistakes investors typically make?
For his questions, Andrew will receive a copy of Past Due: Essentials!
Today’s Mentionables:
Investopedia – great resource for understanding investment concepts and terminology
Morningstar – excellent resource for reviewing the costs associated with mutual/index funds
by Derek Sisterhen on March 6, 2010
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Past Due: Radio 095 – Average Investors in a Topsy-turvy World
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Chris Blais of True North Financial joined in today to talk about sound investment strategies for “Joe the Investor” in a post-Great Recession marketplace.
Ironically, in spite of the pundits on cable news and the headlines of the day, taking a long-term broad-market approach is statistically the best opportunity for making gains. Chris shared the fact that over the last 20 years, investors who stayed in broadly diversified, low-fee funds made about 8.5%. Those who jumped in and out of investments averaged less than 2%.
Today’s Mentionables:
True North Financial
Dalbar Investor Behavior Research – How average investors behave vs. how the market behaves
Morningstar – Great fund research tool that sheds more light on investment fees
