AdviceIQ Articles

  • Couples Merging Finances?

    When a couple weds, they often feel pressured to marry their finances together, as well. That’s not always such a good idea.

    Although some of us want to go into a marriage sharing everything, smart financial planning actually dictates that you don’t have to and in many cases shouldn’t put all of your money into a single account. You can have both cooperation and autonomy in your financial marriage.

  • Why to Get Extra Insurance

    If you get sued for a pile of money, having liability protection is crucial to your financial well-being. Unfortunately, homeowner’s policies usually don’t offer sufficient insurance coverage for huge damages that plaintiffs often receive. This is why you need something called umbrella insurance to provide extra coverage on top of your existing policies.

  • Profiting from Volatility

    Volatility is back in a big way. The stock and bond markets are much shakier than last year.  Volatility can spook some investors into selling at the worst possible time, but smarter folks use volatility to their advantage.

  • Prediction: A Nice Future

    What does the future hold? This subject animates financial planning. No one knows, of course, but some thinkers believe the world will get better and better. If this optimistic outlook comes true, we have much to look forward to.

    At a recent gathering of financial planners in Palm Springs, Calif., the talk was titled “Imagining the World of 2020.” Recognizing that 2020 is not far off, fanciful prescience is not required to theorize future scenarios. One may merely examine current trends and extrapolate.

  • Car Crashes and Identity Theft

    The usual auto crash scams are forced rear-endings and fake injuries. A lesser-known danger: Putting too much information in a stranger’s hands post-accident, setting yourself up for identity theft.

  • Why Dividend Stocks Fade

    Dividend-paying stocks’ prices did well this year until recently, amid signs of rising interest rates. Low rates on bonds and other fixed-income assets made dividend stocks popular, for once. But investors should not lose sight of this basic truth: These stocks are not supposed to be big growth vehicles.

  • What Investing Books Can Do

    Good finance books are eye-openers, delving deeply into topics that help you build wealth. Not all are good, certainly, but here is a quartet of them that deliver the enlightenment that all intelligent investors need.

  • Needed: Financial Education

    The aftermath of the financial crisis underscores the importance of mandatory personal finance education. While financial literacy is not a panacea, we need to teach people how to save and make wise decisions with money.

  • Why to Zig While Others Zag

    Even though the stock market has hit some rough patches lately, it still has had a good run – and that may tempt you to load up on more shares. The smarter move is to go the other way, lighten your stock exposure and buy bonds, which carry less risk. Such a contrarian move should be part of your investing game plan.

  • What Not To Major In

    The ever-escalating amounts of student loan debt make college students understandably nervous. So should you, the anxious undergrad, pick a college major by whatever pays the most? Only if you want a life of misery.

    Nothing could be more shortsighted than choosing your major based on the earnings one year out. You might be paid well, but extremely unhappy in that field. Also, you can expect to work for as long as 50 years after graduation. How likely is it that the major you pick based on one year’s earnings still pays relatively well for a half-century?

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