Mickey Kim: To make money in stocks, don’t get scared out of them
We are currently in a bear market (usually defined as declines greater than 20%). This is not something to be feared—just understood.
We are currently in a bear market (usually defined as declines greater than 20%). This is not something to be feared—just understood.
I would not even consider retiring until your spending matches your projected retirement income for at least six months.
I’ve found myself making more decisions like this in the last six to eight weeks, and I’m hoping you’re starting to make these types of decisions too.
The narrative of abundant, ultra-cheap credit was a tide that lifted asset classes of all types.
In order to determine how susceptible you are to making a mistake here, simply examine your relationship with gift cards.
In a professional setting, a trusted relationship can take an otherwise risky proposition and turn it into an enjoyable experience that helps you achieve your goals more efficiently.
Low interest rates spur economic growth by making it cheaper to borrow and spend. Conversely, higher rates can slow an overheating, inflationary economy.
Sometimes the realization that certainty doesn’t exist disguises itself as failure.
One advantage of using a QCD to make a charitable contribution is that the money comes out of the IRA tax-free.
I’ve always likened financially weaning adult children to the moment you taught the same children to ride their bikes without training wheels.
Unfortunately, comparing ourselves to others doesn’t stop when we matriculate through elementary school. In fact, it gets worse. And at the root of the comparison, you’ll most often find money.
The U.S. Securities and Exchange Commission has proposed new climate-related disclosures that will be a tremendous burden on oil and gas companies.
If you are spending more than you earn, your financial situation will deteriorate. Increasing your level of savings will provide future choices.
Your goal should be to make sure your major-purchase timelines are flexible enough that the supply-and-demand factors fall in your favor and don’t back you into a suboptimal outcome.
It’s important to note that, while stock prices can be extraordinarily volatile (like recently), the intrinsic values of the underlying businesses are much less so.
Most people don’t spend enough time scrutinizing how much capacity for risk they have.
I wish I could predict the future, but even though my crystal ball has been in the shop several times, it still remains cloudy.
Personally, my top three career accomplishments have nothing to do with money.
The process-oriented coach or investor takes the action with the highest chance of success.
The average American won’t be successful in retirement because they happen to have a lot of money. Instead, the average American will be successful in retirement because he or she doesn’t need a lot of money.