PETE THE PLANNER: Pandemic already has delivered lots of financial lessons
I feel I’ve already learned a ton from this experience so far, and those lessons have brought me a sense of thankfulness.
Investing Column
Articles
KIM: This Thanksgiving, invest in a K-12 classroom project
Since inception, DonorsChoose has raised over $1 billion from 4.6 million donors and funded 1.8 million projects submitted by 617,260 teachers from 85,043 public schools.
HAHN: How women can break through in financial planning, other fields
While it might not be possible for you to singlehandedly change the corporate culture, there are things you have control over.
PETE THE PLANNER: Many variables affect retirement planning
The most complicating factor is that we don’t know how much we’ll need because we don’t know when we’ll die.
KIM: ‘Rich’ is different from ‘wealthy,’ and time is key to success
Rich is current income and easily seen in people’s car or house, either live or in their Instagram fairy tale. Wealth is what you don’t see.
PETE THE PLANNER: House prices are lofty, so should you sell?
An unemotional, rational approach to this question will always yield the best results.
HAHN: Too much truck, house pinch retirement savings
The pandemic has highlighted the fragility of many Americans’ financial situations. We need to start prioritizing saving and self-reliance.
PETE THE PLANNER: Election uncertainty shouldn’t drive your investing strategy
Whether or not a constitutional crisis–and all the economic and market chaos it would bring–is nigh, it’s impossible to time our exit and re-entry into the markets,
KIM: COVID ‘K train’ further splits haves, have-nots
The letter “K” is a vertical line with two 45-degree lines slanting from the middle, one upward and one downward, and unfortunately it best describes the paths of the economy and stock market.
PETE THE PLANNER: It’s time to step up and help save local restaurants
Many restaurants are in very serious danger of not making it to December. Every dollar you can spend matters.
HAHN: Don’t let election distract you from investing fundamentals
Investment returns are driven by basic economic fundamentals: corporate earnings, economic growth, interest rates and many factors outside the control of any particular administration.
PETE THE PLANNER: COVID could teach us important money lessons
The pandemic is not over yet, nor is the economic fallout, but I do believe Americans’ financial sensibility could conceivably shift in a healthier direction.
KIM: Greed turns day traders’ ‘Kodak moment’ into nightmare
The three-day, $2-to-$60 rocket-ship ride for KODK speculators proved to be short-lived.
PETE THE PLANNER: Time to own up to dubious financial decisions
It’s easy to dismiss financial mistakes with the old, “It made sense at the time.” But here’s the thing; a lot of times, those decisions didn’t actually make sense at the time.
HAHN: Older workers increasingly confronting involuntary retirement
The retirement savings crisis has been growing for several years. The COVID-19 pandemic is accelerating the impact.
PETE THE PLANNER: New grad should pay down loan debt as quickly as possible
Following my first two rules will create an inordinate amount of stress if he were to earn at or below living wage, even if he is living with you and eliminating most of his living expenses.
Mickey Kim: Don’t let partisan political storm crash your portfolio
Your financial future will depend far more on how much you save and invest than on who wins the election.
HAHN: Take time to complete a midyear financial checkup
In addition to my business review, I am taking the time to look at where I am personally.
PETE THE PLANNER: Don’t assume home improvements are an investment
There’s something incredibly practical about putting money into your home, in the right places. The key is to not get carried away by convincing yourself every dollar spent is wise or even an investment.
KIM: To understand stocks’ wild swings, think of it as a ‘Spock market’
Much of the time, investors are rational and the stock market is understandable and makes intuitive sense, But when fear or greed takes hold of the steering wheel, anything can happen.