If you are like almost everyone in the United States, your first chance to use debt was to buy something that made you poorer. It might have been a car loan, some nice meals charged to your credit card, a mortgage on your home, or even a college education. In
Academic investing theory from financial experts like to promote having 30% to 40% of your investments in bond funds. This ensures that a substantial portion of your wealth will have a relatively stable value, while still having a little bit of growth. Like a poncho that can be worn by
You took a chance with a big part of your investment portfolio . . . and now you have to delay retirement to make back the money.
So many of us shudder to think about having to go back to work for an extra year or more because our nest egg took a big loss. Imagine, then, using an investment strategy that guarantees that you need to work not just 1 year, but 25 years. Ouch!
If you never seem to have enough money and you are always stretching to get to your next paycheck or you always feel like you need to work an extra shift to make ends meet, then you have a leaky bucket. It doesn’t matter if you make $20,000 a year