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Investing

Benefits

by Luke Landes

Carnival Update: We now have three submissions for the inaugural Carnival of Personal Finance. If you’re a blogger and you’ve written about personal finance recently, feel free to submit a link to an article you’re proud of! At work, we had a division meeting with our vice chairman today. Basically, the company is in good ... Continue reading this article…

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Thursday Reading

by Luke Landes

So far, I’ve received one submission for Carnival of Personal Finance. Remember to send your submissions in before Sunday night. Here are the articles I’m reading today: Kids get more expensive for their parents as they get older, and this article enumerates the costs of a teen-ager. Sports or music, food, orthodontia, and a plethora ... Continue reading this article…

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How To Teach Your Kids About Money

by Luke Landes

Jonathan Clements from the Wall Street Journal offers some advice, or his experiences as an example, for teaching children about money management. (By the way, this article can be accessed for free, unlike most of the Wall Street Journal Online.) The first rule of writing these types of articles is “Know your audience.” And Jonathan ... Continue reading this article…

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Hedge Funds Open to Ordinary Investors

by Luke Landes

Earlier this month, I presented an introduction to hedge funds. Today, CNN is reporting that hedge fund managers want to repair their image among the investing public. In an attempt to do so, some mutual fund companies are set to bring hedge-like funds to everyday investors. One such fund is the DB Hedge Strategies Fund. ... Continue reading this article…

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Introduction to Hedge Funds

by Luke Landes

Hedge funds have received a bit of negative press lately. Here are just some examples from MSN Money (“Billions of dollars in hedge-fund money disappeared into thin air amid the GM mess”), Marketwatch (“Treasurys rise on hedge fund woes”), and The Herald (“Complex hedge funds criticised”). I’ve heard the term over the past several years, ... Continue reading this article…

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Two Stories On The Web

by Luke Landes

Tracy Harger, a recovering mutual fund addict, tells her story of how she became a junkie and how show finally broke her habit. Moral: just like other vices, everything can be acceptable in moderation. Amy Chan Hilton and Edgar Hilton have or are finishing their doctorates in engineering and currently have a combined income of ... Continue reading this article…

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401(k) Getting Whacked By The Market?

by Luke Landes

I’m sitting in a suite at the Renaissance Esmerelda in Indian Wells, California, not far from Palm Springs. It’s great to get away from reality for a few days, especially when family is covering the bill. I’ll be heading back to the Orange County area tomorrow, and back home to New Jersey on Saturday. I ... Continue reading this article…

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Friendly IRA Reminder

by Luke Landes

The deadline for funding IRAs for 2004 is coming up at the end of the week. If you haven’t maxed out your 2004 Roth IRA at $3,000 ($3,500 for anyone over 50 years old) then you have less than 72 hours to do so. At the same time, think about fully funding your 2005 Roth ... Continue reading this article…

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Wachovia Fees Going Up Again

by Luke Landes

Last September, I posted about Wachovia adding a $50 annual fee to its individual investor discount brokerage account. I was disappointed I couldn’t get it waived, so I decided that I would transfer my funds out in 2005 before getting charged another annual fee in September. The account termination fee was $75, so I’d be ... Continue reading this article…

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More on 401(k) Borrowing

by Luke Landes

Following up on the topic of 401(k) loans, which was discussed here, there is a new article on CNN Money by Walter Updegrave. This article compares a scenario for two options: borrowing $40,000 through a 401(k) loan and borrowing the same amount through a home equity line of credit. Assuming the two options are available ... Continue reading this article…

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Investing Scams

by Luke Landes

CNN Money is running a story about the most popular investment scams. Similar stories are being run on MSN Money and Bankrate as well. In fact, the story is everywhere. Here are the top ten scams, as measured by the North American Securities Administrators Association. The links below provide more information on each of these ... Continue reading this article…

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The Future for Investors

by Luke Landes

I’m not looking to make a quick million through my investments. Sure, it would be nice, but I have realistic expectations. If you’re investing for the long term like I am, you might want to read this interview with Jeremy Siegel. He has some interesting insights about what investment strategy has performed the best in ... Continue reading this article…

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Stock Market Down

by Luke Landes

The Nasdaq composite sank to a new low for the year Friday and stocks lost ground for the second straight week as investors dealt with rising oil prices and long-term interest rates. (From CNN Money.) To me this says Keep On Investing. I’m in it for the long haul. My investments are all long-term, and ... Continue reading this article…

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Money Magazine

by Luke Landes

Have you perused the first issue of the reformulated Money Magazine? I had a chance to do so this morning. It’s been a while since I have read a magazine. The full page ads were nostalgic; they brought me back to the time I read Sports Illustrated as a young teenager. I remember convincing my ... Continue reading this article…

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My Investments

by Luke Landes

In the interest of full disclosure, I might as well give you a a peek into the investing side of my net worth. Roth IRA Invested in the TIAA-Cref Equity Index [TCEIX], directly with TIAA-Cref. The fund invests in the stocks listed in the Russell 3000 Index. It has a low expense ratio of 0.26 percent, ... Continue reading this article…

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Buffett Says

by Luke Landes

When Warren Buffett speaks, it would do investors well to heed his advice. In his annual letter to Berkshire Hathaway shareholders, he offers this advice: Be un-American. By this he means that the way to great returns is to go against the trends while investing in index funds. If Wall Street is fearful, be greedy. ... Continue reading this article…

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401(k) Diversification

by Luke Landes

Does your company offer diversified options for employees’ 401(k)s? Even after the bubble burst several years ago and many people were burned, many companies haven’t created possibilities for diversification in retirement plans. In many cases where the companies do offer a wide variety of funds, employees have not chosen to configure their accounts to allow ... Continue reading this article…

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Every Other Friday

by Luke Landes

Every other Friday, I try to will the stock market down. Most of my investing is done on pay day. My 401(k) funds are invested at the same time I get paid, and naturally I want to invest at the best price possible. So on that day, I try to channel some of my brain ... Continue reading this article…

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Made a 401(k) Contribution Change

by Luke Landes

I changed the contribution rate to my 401(k) today. Previously 12 percent of my pretax income was being diverted to the 401(k) despite only 4 percent of my income being matched by the employer. I reduced the rate from 12 percent to 4 percent so I could still get the complete company match while allowing me more cash. This ... Continue reading this article…

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Another Option for Your 401(k)

by Luke Landes

You’ve heard of the Roth IRA, but you may not have heard of the Roth 401(k). This is a new twist to the employer-sponsored retirement account that will be going into effect on January 1, 2006. Your total 401(k) contribution limits won’t change, but like the Roth IRA, the money you contribute to the Roth ... Continue reading this article…

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