Do you remember the last time you were in your car and a song came on the radio that you didn’t like? And I don’t mean a song that was okay, but not one of your favorites. I’m talking about a song you really didn’t like. Maybe it was the song that was playing when the love of your life broke up with you or after your dog died.
Have you ever lost your keys? It’s incredibly frustrating, isn’t it?
It seems impossible. How can they not be right where you left them?
The good news about losing your keys is that you are going to discover they’re lost pretty quickly. After all, without them, you can’t drive your car or get into your house.
Interest rates are low and the stock market is high. What is an investor to do? Isn't there a way to get higher yields with less risk?
Well, the answer could be yes if you are willing to look at preferred stock duration.
What Is a Preferred Stock?
Preferred stocks are a hybrid security. This means they have the characteristics of both bonds and stocks.
Like bonds, they pay dividends. This makes them attractive to an investor looking for income.
Like stocks, preferred stocks can appreciate in value.
When you are young, time is on your side. But as you grow older, it becomes more precious and you can't get lost time back.
Many Baby Boomers are wishing they had some time back. They would have made different financial decisions. Or so they think anyway.
Millennials have time on their side but they also have the recent experience of the Great Recession. They may be afraid of the markets.
This reminds me of my grandparent's generation.
This week, I'd like to take a slightly different tack and discuss the ins and outs of buying a home. For many, it will be the biggest purchase you will ever make, one that is an enormous investment with plenty of long-term potential.
But the process can come with a great deal unanticipated stress that can diminish the joy of searching for your own place and viewing homes.
Interest rates are low . Probably the lowest you've ever seen in your life time. This leaves a lot of people wondering how they can do better with their savings.
In fact, a friend was asking if a Roth IRA might be the answer. She was wondering how a Roth IRA differs from a savings account and if it might pay better interest. She wanted me to explain to her savings account vs Roth IRA.
We began our conversation by talking about savings accounts.
Summer is finally here! The rain has stopped and the plants are in bloom.
If your yard looks anything like mine, it's time to trim the bushes – they are out of control! They kind of remind me of some investment portfolios I've seen recently.
It makes me think that managing your investment portfolio is a lot like managing the landscaping around your house.
We've all seen the houses with overgrown bushes. Someone needs to get in there and regain some control.
Every year my wife and I rent a cottage on Keuka Lake. It's a beautiful place. We spend a week relaxing in the sun, reading, resting, and enjoying the view.
Last year, while sitting on the porch, I was struck with a brilliant idea; I should rent a sailboat! I was however surprised at my wife's response after sharing my new vision and passion with her. "I didn't know you knew how to sail", she said.