investing

3 Things Not to Do During a Stock Market Decline

If you’ve seen any financial news lately, you’re aware of some of the ups and downs the stock market has experienced. Stock market volatility is not uncommon, but that doesn’t make it any less scary to stomach.

However, periods of uncertainty present some of the biggest opportunities for investors to sabotage their financial plans. Here are three things you should avoid doing during a stock market decline.

Understanding the Tax Game, Part 1 - The Cashflow Quadrant

I love the film Hoosiers. Not just because it’s a great Cinderella story, but because it has so many great lessons to be learned. Lessons about the values of fundamentals.

The basketball coach in the film is a relentless fundamentalist of the game. For example, he obsesses over his players making “three passes!” before anyone takes a shot. This is initially met with outcry from the fans and rebellion from the team, but as the film progresses the coaches commitment to the fundamentals wins his team over…all the way to the championship.

I’ve been thinking recently about some of the fundamentals of another game—the tax game. Few of us actually look at taxes as a game (rather, a complete headache), but the game becomes much easier—perhaps even fun—when the principal rules are understood.

Should I Pay Off Debt or Save?

If there’s any question more common in the personal finance world, it’s this one: Should I pay off debt or save that money instead?

I love this question, because it’s addressing a financial topic that I wish were on the forefront of more minds. Paying off debt and saving are two great ways to utilize our money that we should all be thinking more about. Your situation isn’t as cheery if you’re having to decide between paying off debt, saving, purchasing a new sports car, or buying a bigger home you can’t afford.

Is Gold a Good Investment?

Much has been said about the value of investing in precious metals, and to many investors, no metal holds more “weight” than gold.

In August of 1971, President Richard Nixon set off a figurative “gold rush” when he ended the gold standard, or the ability to convert paper money directly into gold. The U.S. moved to a fiat currency system. The government now simply prints paper money--which has no literal value--and its citizens rely on it as a trusted source of payment.

But despite our paper money system, the “gold rush” has continued into the present day. Why does gold continue to be an appealing investment, decades after the U.S. gold standard? Is gold really a good investment?

How Distributions Work in Retirement (And How They Can Hurt You!)

When I started my career in financial advising, I was clearly getting into a fairly complex business. It’s not so much because of the nature of investing and finances in and of themselves, but rather the regulation and rules that dictate what you can or must do, when, and how often.

Few things can be more complicated than taking money from your retirement account. The rules can be very particular and breaking them can be extremely costly.

Following is an explanation of some of the fundamental retirement distribution rules you should be aware of as you think about taking money from your 401(k) or IRA.