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Investing

5 Ways to Convince Yourself to Increase Your Retirement Savings

by Luke Landes
Coin jar

The last few years have been nail-biting for anyone saving for retirement with investments in the stock market. The Great Recession and continued gloomy outlooks in the media have investors second-guessing their plans to save for the future. Maybe it’s better to spend more money now and avoid the Wall Street industry, which seems to ... Continue reading this article…

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Best Feature of a 401(k) Plan: Employer Contribution

by Luke Landes

A Reddit user recently posed this question to her fellow community members: Right now my fiancé and I have 2 student loans, 2 vehicle loans, small credit card debt, and a mortgage. We want to start the snowball debt payment method and want to apply a little more income to accelerate the process. My company ... Continue reading this article…

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Four Risks of Investing

by Luke Landes
Skydiving

No investment is without risk. You may feel safe even when you do what financial advisers consider the “right thing” — invest in a broad stock market index fund with a long-term view — but there is risk there as well. Unfortunately, to build wealth over time, investors need to accept a significant amount of ... Continue reading this article…

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Bill Maher Buys a Share of the New York Mets

by Luke Landes
Mr. Met

Over the weekend, political comedian Bill Maher revealed he invested in the New York Mets. As you could imagine, the polarizing figure’s investment spurred mixed reaction. Those who share his liberal views consider the investment to be solid, while those who disagree with the outspoken television show host pointed out the hypocrisy of the investment. ... Continue reading this article…

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Investing for Dividend Income: Not All That Passive

by Luke Landes
Money

Passive income is the Holy Grail of financial independence. Although modern Western society and capitalism relies on the Puritan work ethic, the idea that labor is a value to society and hard work is the path to a spiritual and successful life, most people would prefer not to trade their time and effort for an ... Continue reading this article…

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Reader Question: Should I Invest in My Non-Matching 401(k)?

by Luke Landes

Occasionally, Consumerism Commentary readers send in questions about handling their finances. I am not a financial planner, so I have no certification claiming I’m qualified to give financial advice. I am not an investment adviser, so I certainly won’t be recommending stocks. I like the opportunity to address financial questions that other readers may be ... Continue reading this article…

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Half of All Americans Are Not Saving for Retirement

by Luke Landes
Wall Street

In April, LIMRA, a think-tank for the financial industry, completed a survey intended to focus on the savings and investment preferences of those living and working in the United States. After receiving responses from 2,697 Americans, a representative sample of the country, LIMRA was able to determine that 49 percent of the country is not ... Continue reading this article…

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Facebook IPO Approaching: Will You Buy Shares?

by Luke Landes
Facebook

A few weeks ago, a Consumerism Commentary reader asked me on Facebook whether it would be a good idea to purchase shares of Facebook at $48 a piece. I do not give stock buying advice, but I mentioned that shares had recently been sold for $44.10 on the secondary market, so if someone were to ... Continue reading this article…

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Art Is Not a Good Investment

by Luke Landes
The Scream - Edvard Munch

A few months ago, art and money were connected in the news when Andreas Gursky’s “Rhein II,” a photograph depicting a still river and walkway, became the highest-valued photograph sold at auction. The buyer paid $4 million to walk away with the larger-than-life print. Art is in the news again today, with one of Edvard ... Continue reading this article…

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Money Basics: Investing

by Luke Landes
Money investing

April is National Financial Literacy Month in the United States. This brings attention to the lack of a financial education young people receive in this country, both from their parents and from the education system. I disagree with most people about how to solve this issue. Many call for mandatory high school courses in personal ... Continue reading this article…

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Starting a Roth IRA is a Critical Step for Financial Freedom

by Luke Landes
http://farm6.static.flickr.com/5259/5437895492_b0e84aaf2b_b.jpg

I’m excited to be participating in today’s Roth IRA movement. There’s more information about this movement towards the bottom of this article. I wish someone told me about Roth IRAs when I got my first real job. I was a teenager, working in a local Radio Shack store, even though I didn’t even know what ... Continue reading this article…

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Reader Question: Resolving a Dispute With a Brokerage

by Luke Landes

From time to time, Consumerism Commentary readers contact me with questions. I am not an investment professional or a financial planner, and I don’t offer advice related to investing other than my general thoughts on the topic. The questions I receive range from basic investing details like government-regulated limits for investment account types to how ... Continue reading this article…

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Mets Will Pay $162 Million to Settle Madoff Suit

by Luke Landes
Jose Reyes Mets

As a Mets fan, though these days I try not admit being so, it’s bittersweet to see the organization settling its legal troubles relating to Bernie Madoff’s Ponzi scheme. On the one hand, if the owners of the Mets were found guilty of ignoring the possibility of fraud, it could have spelled the end of ... Continue reading this article…

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Are Stock Gains and Losses Real?

by Rob Bennett
Dollar and calculator

This is a guest article by Rob Bennett, a personal finance journalist and author of the blog A Rich Life. Rob developed the Passion Saving approach to money management; Passion Savers save not to finance their old-age retirements but to enjoy more freedom and opportunity in their 20s, 30s, 40s, and 50s. You naturally get ... Continue reading this article…

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Vanguard Voice Recognition for Security

by Luke Landes
Voice Pattern Waveform

After a few years of testing this new security feature, Vanguard has begun rolling out voice pattern recognition technology for security. According to the representative I spoke to today, this feature will be available for Flagship customers first, and all customers will eventually follow. Voice recognition adds another layer of security to your financial accounts, ... Continue reading this article…

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Buy-and-Hold: A Losing Strategy for the Future?

by Luke Landes
Dollars

This isn’t the first time smart professional investors have considered abandoning the buy-and-hold strategy. Most of the controversy has surfaced following the recession. I asked whether buy-and-hold was still a good investing strategy a few years ago. Investors who had been following the buy and hold strategy — forgoing active trading in favor of buying ... Continue reading this article…

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High I.Q. Scores Correlate to Better Investments

by Luke Landes
Brain

In Finland, all young men are required to spend some time in the military. Finland also has a wealth tax, requiring citizens to report their investments to the government. As a result, researchers from the University of California, Los Angeles, Aalto University, and the University of Chicago have discovered data worth studying. Because all military ... Continue reading this article…

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How to Invest in a Broadway Show

by Luke Landes
Broadway show

If you’re interested in theater and have money you don’t mind losing, you may consider expanding your horizons by investing in a Broadway or off-Broadway show. Be prepared to lose money, though, because according to a variety of producers, only one show in five breaks even. When a play or musical is in the planning ... Continue reading this article…

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Harry Browne’s Permanent Portfolio

by Jacob

This is a guest article by Jacob, creator of the personal finance blog, My Personal Finance Journey. In the article, Jacob analyzes the Permanent Portfolio, a theory presented by Harry Browne, to determine whether investing along the theory’s guidelines can help investors beat the stock market. Investors in general always seem to be on the ... Continue reading this article…

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Kodak Files for Bankruptcy

by Luke Landes
Kodak Portra

There were rumors and predictions for a while, but today it’s official. Kodak, the company that revolutionized film photography and adopted digital photography early, has declared bankruptcy. The company has been struggling since the 1980s; I’m surprised it survived this long without filing Chapter 11. That’s what the company chose to do today, with debt ... Continue reading this article…

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