From Lindsey Hough, managing editor, the Wealth Builders Club: One of my student loan payments has an outstanding balance of $4,596.62. With an interest rate of 6.55%, my monthly minimum payment is $67.33. I plugged the numbers into a loan payoff calculator. Under my current, minimum-only payment plan, it would it will take me 86 […]
MarketWatch reports 2014’s top 10 financial advisors’ average portfolios were over three times riskier than the broad market itself. Each year, market analyst Mark Hulbert ranks the performance of the top 10 financial advisors. He then tracks the risk associated with these outperforming portfolios. 2014’s average portfolio risk was 3.32 times higher than the general […]
WEALTH STEALER—Internet service providers Comcast and Time Warner Cable just hiked their modem lease fees as much as 33%. Most people don’t realize they lease a modem from their ISP. Buying your own modem will now pay for itself in about one year. SMART SHOPPER—Business Insider just released this month-by-month guide to itemized shopping deals. […]
From Tom Dyson, publisher, the Palm Beach Research Group: The most powerful force in finance is the law of uninterrupted compounding. Compounding is a simple investment strategy in which you put your money in an investment that pays interest. At the end of the year, you take the interest you earned and reinvest it with […]
Only 38% of Americans have enough savings to handle routine unplanned expenses. That’s according to a recent Bankrate.com survey. These are basic issues, like a flat tire or a plumber’s visit to fix a clogged toilet. To pay for these things, 26% of people (without sufficient savings) must forego buying other items… 16% borrow from […]
The Palm Beach Research Group is headquartered in sunny, South Florida. But we haven’t forgotten about our subscribers living in colder regions. Winter weather takes a toll on our homes, vehicles, utility bills, and our bodies. The good news is our friends at the Weather Channel put together a list of 15 simple “life hacks” […]
“Is the age of McDonald’s over?” That was the headline of a recent Yahoo! Finance article on the fast food giant (NYSE: MCD). It lists slumping sales and a string of negative PR incidents overseas—like a tooth found in chicken McNuggets in Japan—as reasons investors should sell their MCD shares. The article goes on to […]