Is Debt Bad??
With all the discussion around the debt ceiling, many residents of Main St are likely wondering: Is debt bad? The answer isn’t black and white. Debt is good, when used correctly and responsibly. So let’s cover how and when to use it. Mortgages: Mortgages have gotten a lot of press lately, and not in a…
The Debt Ceiling
If you’ve had your eye on the news, both financial and political, you know the current hot issue is the debt ceiling. So what’s the big deal and what does this actually mean? The U.S. needs cash: The U.S. needs cash to pay it’s bills, just like anyone else. And the U.S. uses debt (in…
Planning makes better investing
When residents of Main St are deciding how to begin the investing process, as we discussed previously, the first step is assessment. There are some important things that any potential investor needs to ask themselves first: Making a Plan The market moves up and down, and that volatility is what scares investors. Investing is not about buying…
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Learning the Trade of Trading
Invest Time in Investing As was discussed in the previous post, the best way to save more is not always to spend less, but to effectively use your skills and time. Something that any resident of Main St. can learn to do is invest. We discussed a few ways to invest (in gas, for example),…
All Hedged In
Having talked about correlation and what can happen when prices go up, what are we to do? Simply watch a tank of gas eat away at our savings or profits like this article? Drive a moped? Ask the woman to drive on a date? Here’s a better idea: Hedge. Hedging is what all the big…
How Correlation Impacts Your Retirement
An important concept in finance and investing is correlation. Most of us are familiar with correlation. In its simplest form, correlation is a relationship between two or more things. For example: Calories consumed & waist size Steroids used by a professional wrestler & bicep circumference Price of gas & number of hybrid vehicles sold Ice…
Personal Finance for Main St
When residents of Main St look for news on how the economy is performed that day, it's often reported in terms of how the "Dow" or the S&P 500 performed that day. So what is the Dow? Ditto for the S&P 500?
