Treating Medicare’s ills — and yours Robert Powell – MarketWatch
100 Words That Can Change Your Credit History – DailyFinance
Most American’s have too many US equities. Most Germans have too many German equities. Etc., Etc., Etc. Make sure your portfolio if risk-appropriate and globally diversified.
Investors tend to overweight their equity portfolios with stocks from their home country market. Ken French says that, while home bias is still the norm, investors have significantly increased their allocation to foreign markets over the last 30 years. He explains that investors might overweight their home market for economic reasons, perhaps to hedge consumption risk or to offset tax disadvantages they suffer in some foreign markets. Home bias can also be driven by behavioral factors. For example, investors may overweight their home country because of their uncertainty (the unknown unknowns) about foreign markets, or because they are overconfident about picking stocks in their home market. Ken says the best approach is to start with a global market portfolio, then make adjustments based on personal preference.
By KARA MCGUIRE – Star Tribune (Minneapolis)
MINNEAPOLIS — Mike Hennessy crouched behind a large beach ball to deflect a deluge of rubber balls delivered by his 5-year-old grandson, Braeden. Playing daily rounds of a made-up game his grandson named “Dude Brother Russell” wasn’t how Hennessy, 58, imagined spending his retirement days.
But when his daughter didn’t have thousands of dollars to pay for day care, Mike and his wife, Joan, willingly stepped in.
Grandparents helping their children and grandchildren is nothing new; that’s what family is for. But the extent of the support – whether it’s providing a place to live, caring for young grandkids, covering back-to-school shopping or paying college tuition – has increased with the fragile economy.
An interesting article –
“It is said that only a fool learns from his own mistakes, a wise man from the mistakes of others.” – Otto von Bismarck (1815-1898) Prussian German statesman and aristocrat.
“From the errors of others a wise man corrects his own.” -Publilius Syrus (1st Centry BC-?) Roman writer and poet.
“Experience: that most brutal of teachers. But you learn, my God do you learn.” – C.S. Lewis quotes
“Experience is the name we give to our past mistakes” – Oscar Wilde quotes
“Good judgment comes from experience. Experience comes from bad judgment.” – Unknown
Below are some investment and financial mistakes we’ve seen people make. Let’s be wise and learn from others’ mistakes!
Everybody has messed up at some point. These folks share their biggest goofs, but are now on the right path.
Summer is the time to shed the winter blahs and enjoy the simpler things in life. It also presents a great opportunity to develop healthy new habits when it comes to your finances. Challenge yourself to save $1,000 by the end of this summer using some of the tips below. (HINT: Mint.com’s free Goals tool is an easy way to motivate yourself and track your progress and the Trends tab makes it easy to see where your money goes, while the Ways to Save feature automatically searches for other areas where you can economize).
Upgrade Your Home’s Efficiency
As temperatures rise, it’s easy to start dialing up the air conditioners and fans. But, it doesn’t take much to make those monthly energy bills increase. According to the International Association of Certified Home Inspectors (InterNACHI) about half of the energy used in homes goes toward heating and cooling.
Run fans in place of an air conditioner, which requires a lot of energy (and money). Give your dryer the summer off. Invest $5 in a clothesline and dry your laundry for free in the summer rays. …
Read the complete article here …