Top 5 Ways to Manage Your Money

I’ve written a few Top 5 posts so far, and the 5 top items have generally been listed in no particular order. That won’t be the case today. Presenting, from best to worst, the Top 5 ways to manage your money:   1. DIY (Do It Yourself)   Invest in low cost stock and bond funds. Diversify. Invest early and often. Know the tax implications. Create an Investor Policy Statement with a thoughtful asset allocation for your portfolio. Read a recommended book or three. Avoid costly mistakes. Acknowledge that you don’t know what you don’t know, like the future for example. Educate yourself. Understand […]

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You Need an Investor Policy Statement

I enjoy internet forums. I’ve been a lurker (non-participating reader) of several forums for quite awhile. Since launching this site, I’ve become a more active participant. I learn a lot when a question is raised and then answered by dozens of interested people with different backgrounds and perspectives. Crowdsourcing for a solution to any dilemma can be a great way to help you make a decision or simply become more educated on a topic of interest. A frequent question that comes up on the forums I frequent looks something like this:   “Which is better, a Small Cap Index Fund or […]

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The PoF Portfolio

pof koozies

[editor’s note: content updated 7/2018.] [In my best Ron Burgundy voice] “My portfolio looks good. I mean really good. Hey everyone! Come see how good my portfolio looks!” I’ve touched on the importance of investing early and often, but I haven’t given you a clue as to how I invest. It wasn’t until sometime last year that I wrote myself an Investor Policy Statement and came up with an asset allocation that felt appropriate. I made a few transactions to apply the allocation across my various accounts. This is the allocation I’ve decided upon:   60% US Stocks (with a tilt […]

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