Wanting to help others less fortunate than you after graduation doesn’t make you a bad person. While plenty of recent college grads are Wall Street wannabes and can’t see past the dollar symbols in their eyes, and there’s nothing wrong with that either, others have the idea that this would be a good time in [...]
Archive for November, 2010
The simple definition of the word “investment” is something you purchase with money that is expected to produce income or profit. The old saying about making money work for you – it’s talking about an investment. The problem for the beginning investor is that much of the printed and spoken content you find over the [...]
The prospect of living with your parents for the first few years after graduating from high school or college might possess all the appeal of, say, shoving bamboo shoots under your fingernails each morning upon rising. But it MIGHT be good financial management to start off your adult life. Note we said this might be [...]
An alarming number of students are graduating from college with incredible amounts of student loan debt and leaping right into a low-paying job. Can you say recipe for financial disaster? Let’s take an example of a master’s level student who took out $150,000 in loans and now earns $30,000 a year without the prospect that [...]
In case you were laboring under the assumption that every person who calls themselves an investment broker will guard your money as if it were there very own, bring you milk and cookies at bedtime, and never suggest stock purchases because of a sweetheart deal between their monolithic corporate office and a publicly traded company [...]
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In a perfect world, we would all have the following critical financial ideas pounded into our heads at the earliest possible age, preferably before 10. However, the reality of parenting and the educational system is that few of us are exposed to proper thinking about money early, if ever. Young Wealth is here to rectify the situation so, in the likely event your parents forget to cram the financial wisdom of the world down your throat – here it is. Don’t say you were never told.
To the young investor cast out from under the gustatory protection of mom, dad, and the college cafeteria, buying your own food for the first time in your life can be not only a financial shock to the system but a huge undertaking as well. Judging from an informal office poll, the first thing you’ll [...]
Conventional wisdom says, rightly so, that commodity investing is a risky pursuit. The capacity for a new investor to get badly burned is higher than in the stock market. Generally speaking, the commodity market is more volatile than stocks. Driven to a large extent by speculator demand, prices can rise and fall in the blink [...]
If you’re a young investor who has been following the Young Wealth blog for a while now, you might have noticed a slight intemperate tone, at times, when the subject of the stock market is broached. For several reasons, which we may get into at a later date, our two plus decades of investing experience [...]
Contrary to popular belief, the Small Administration (SBA), a federal government agency, does not normally make loans directly to small businesses. Instead, the SBA acts as a guarantor against risk for banks and other lenders to offer loan funds by agreeing to pay back some of the loan if the borrower defaults. While the SBA [...]