Friday , 1 November 2024

Lorimer Wilson

6 Guilty Pleasures That Will Destroy Your Budget

When it comes to guilty pleasures, we all have a few. Some vices are fine to indulge in every once in a while — like that weekly caramel latte. However, splurging too much on these vices can rob our budget, and in some cases, our health. Here are six guilty pleasures that are destroying your budget.

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The Seven Pillars of Gold

You need to own gold; and you need to own shares in companies that find and mine it. I lay out seven reasons that reinforce the argument for holding gold. Here they are:

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Should You “Sell In May & Go Away”?

The saying “sell in May and go away” infers that the stock market is seasonally weak from May to September and, as such, one should not own stocks during that period of time. As illustrated in the chart below, however, the stock market is not particularly bearish then. It is merely less bullish (i.e. the odds of the market going down vs. up are equivalent). That’s why “sell in May and go away” is not a good trading strategy. Let me illustrate that fact further in the 10 charts below.

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Are “Death Crosses” Useful Indicators On When To Buy & Sell?

The “death cross” occurs when the 50 daily moving average falls below the 200 daily moving average and is seen by mainstream financial media as a BIG bearish signal. It isn’t. It is actually more often a medium-long term bullish signal than a bearish signal. Below are all the S&P 500’s death crosses that have occurred over the past 20 years and they substantiate that it isn’t a useful indicator. Take a look.

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Time vs. Money: What Are the Differences By Age & Country?

Every individual person has their own unique set of values when it comes to how they approach their lifestyle and career. Most people have a viewpoint on the inherent trade-off between time and money, as well as whether these precious resources should be used to seek out experiences or buy possessions. Today’s chart uses data from a global survey of 22,000 internet users in 17 different countries by GfK Global. We’ll first look at the U.S. data with a focus on generational differences, and then we’ll present the international data on how this trade-off between time and money manifests itself between countries.

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401k Vesting: 4 Critical Things You Need To Know

Contributing to your 401k plan is critical for affording your retirement. In many cases you also get an employer match. Unfortunately, that money is not always yours right away but 401k vesting schedules allow this become a possibility. So what are 401k vesting schedules? How do they work? This article walks you through the ins and outs of 401k vesting schedules so you won’t be surprised when you encounter them.

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