Wealth and Wisdom: Week of December 6, 2021
There’s some heavy reading in here this week – I’m moving some timeless articles out of inventory to make room for 2022 material! As always, of course, not every article will apply to your situation – but one good idea might make a big difference in your life.
I especially like Item #5, the “four-gift rule” for holiday shopping for children – what a great idea!
As we enter the final month of 2021, let’s finish strong and get set for the new year ahead. Have a great week!
How inflation affects you
Higher prices could be with us for a while – and inflation could impact your portfolio. Here’s a basic primer that explains how. (Reading time: 4 minutes)
Play Your Own Game
What can Michael Jordan teach you about investing? Simply to play the game you know and understand. (Reading time: 3 minutes)
Picking individual stocks
If building your own portfolio is the route you want to take, start by understanding basics of investment research. (Reading time: 12 minutes)
Retirement’s new three-legged stool
It used to be about Social Security, pensions, and investment income. Now, it may have more to do about how your savings are taxed. (Reading time: 3 minutes)
Use the ‘four gift’ rule for holiday shopping
It will help you come up with gift ideas for your children – and might save you some money in the process. (Reading time: 8 minutes)
Apps for tracking your spending
If you’re ready to get serious about how you spend money in the year ahead, consider these 11 popular apps. (Reading time: 8 minutes)
Helping your parents
I’m working closely with several clients right now who are taking on financial responsibility for their parents. This article will help them. (Reading time: 6 minutes)
Inheriting your spouse’s IRA
There are at least four ways to take ownership of an IRA you inherit from your spouse – and choosing the best depends on your unique situation. (Reading time: 14 minutes)
Keeping mortgage payments manageable
If you’re going to pay up in this hot housing market, at least try to get the best mortgage loan you can. (Reading time: 3 minutes)
Mike’s Pro Tip of the Week
Buy gift cards at a discount – as holiday gifts or for yourself. Try these web sites for current bargains: CardCash, CardCookie, and GiftCards. And after the holidays, you might be able to sell any unwanted gift cards you received through the same sites.
Words to the Wise
“I make no attempt to forecast the market.
My efforts are devoted to finding
undervalued securities.”
– Warren Buffett
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