MoneyWiseWomen

What is an Individual(K)?

Do you have plans for retirement? Do they include a retirement plan? If you are a small business owner, you may feel you need to continue working during your golden years. Many business owners may not realize there are plans available to build a retirement account.

What Kind of An Investor Are You?

If you are investing money or planning on doing so, there is one very important question you should ask yourself--what kind of investor am I? Knowing if you are an aggressive or conservative investor is the first step to knowing how you should invest your money.

Understanding Financial Terms & Concepts

Learning to develop sound financial skills takes time. It's not going to happen overnight. Remember when you were in school and took a foregin language class? Did you learn to be proficient and literate in one lesson? No, you probably took classes for at least three years. It takes time, studying and practice to learn, whether it's a foreign language or financial fitness. Some terms and concepts you've probably heard about but may not understand include:

• Dollar Cost Averaging – you invest a fixed amount of money on a regular schedule. The amount can be $10, $25, $50, $100 or more.  You don’t need a large sum of money.  The most important thing is that you invest the same amount regularly and don’t wait to start. Time is not your friend when it comes to investing. Don’t pay attention to the price of the investments at the time. Your monthly investment will purchase more shares when the prices are low. Many people are in a panic because of what's been happening in the stock market. Instead of being in a panic  -- think of it as a sale, you get more for your money when the prices are low. Dollar cost averaging doesn’t automatically make a profit. However, if you invest on a regular schedule and stick to it you will probably do better than the investor who tries to time the market to purchase low and sell high.

A Financial Minute with Jenifer - ROI

A buzz word of the financial industry, it means “return on investment,” and is definitely something to consider before committing to any venture.

That being said, there are few investments that come with any guaranteed ROI, so how do you choose the ones in which to put your trust?

Some would suggest that you start by researching the investment to calculate reasonable expectations of return based on its past performance. I say you need to back up at least two steps before that one to be sure you're making the soundest decision you can.

Playing the Lottery or Investing in the Stock Market: Which is the Bigger Gamble?

By Karen Ramsey

Oh the things you could do if you won a million dollar lottery jackpot! Luxury vacations! New cars! Early retirement! The dreams of how to spend the potential windfall of a lottery jackpot are themselves almost worth the price of the $1 ticket. For most people, unfortunately, dreams end up being the only thing that a lottery ticket purchase affords them. Reality gives way to the long odds of the lottery. Rare is the opportunity to stand in front of a crowd of flashing cameras while holding a giant cardboard novelty check filled with dollar signs and zeros. How rare is it?

Financial Literacy: Survey finds young adults are optimistic about their financial future

Financial Literacy:
Survey finds young adults are optimistic about their financial future

How confident are you about your financial future?  A recent report detailing the State of America’s Financial Education (SAFE) shows two-thirds of young adults and recent graduates are optimistic about their financial outlook despite the country’s economic difficulties and their present state of financial readiness.