Stocks Reach New Highs and Links

I thought the economy was still in shambles?

Isn’t unemployment a little higher than we’d like?  Isn’t the Fed going to end stimulus and the economy is going to tank?

Don’t tell it to Wall Street.

The stock markets are breaching new highs it seems every week.  This leads to fear in some investors and greed in others.  Some see opportunity and others see the market only has one way to go — down.

But investing based on your emotions and “gut feeling” of the market won’t work.  You need an investing plan that you will stick to.  Sticking to any financial plan will help you weather the ups and downs of life and the stock markets.  You still might react a little bit, but if you hold close to the plan you are less likely to make vast changes that ultimately will hurt you more than they help you.

Here are some great reads this week. Use them to put together your financial plan:

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Stocks Drop 2% This Week and Links

The US stock markets dropped about 2% this week.

Is it time to abandon ship on stocks?

Maybe!  Or maybe not.  How can you tell?

It all comes down to your asset allocation and investment plan.  You shouldn’t make significant investing moves just because the stock market goes up or down.  Your shifting of assets should only occur inside your investment plan’s rules rather than because of an emotional decision.

Not sure how to handle your money or investments? Here are some articles to help out:

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Happy Father’s Day 2013 and Links

Thanks Dad!

It’s a shame it took until I had kids to fully understand everything you did but now I get it.  Thanks for all the time you gave me.  I certainly didn’t appreciate it all when I was a kid but I do now.

For the rest of you, take some time out to appreciate the dads in your life.  Think about the life and money lessons Dad taught you and consider what you are passing down to your kids.  They may not realize it now but they are learning a lot from your actions.

And here are some great personal finance articles to read as well:

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Celebrating Memorial Day 2013 and Links

Memorial Day is a great long weekend for most people in the United States.

But the point isn’t to take a day off just to go to the lake for a cookout.

Memorial Day, originally titled Decoration Day, is to honor and remember the men and women of the United States Armed Forces who died during their service.  Take some time to think about that this weekend as you enjoy your time off.

Having an extra day off is a great time to get your finances straightened out. Here are some good reads for that:

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Happy Mother’s Day 2013 and Links

Today we tip our hats to Moms everywhere.

As Jim Gaffigan says in one of his hilarious standup routines: “Women are amazing. A woman can grow a baby inside their body. Then somehow a woman can deliver the baby through their body. And then by some miracle a woman can feed a baby with their body.”

Your mother did that for you.  And then she kissed your boo boos, got you to school on time, and supported you in every wacky endeavor you took on.

Even better if Mom showed you how to budget for a family, get the best value at the grocery store, and the value of time spent with family.

So thanks, Mom, and all Moms who are involved with their children’s lives.

Here are some great reads this week:

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Gold Price Shakeup and Links

The price of gold took a big hit a few weeks ago.

In the last 30 days the price has dropped from a high of $1,606 to a low of $1,360.  The drop was significant and only over a few day period.  The price has since rebounded a bit to $1,453 but that is still a drop of $153 or 9.5%.

Those that are pro-gold used it as an opportunity to buy even more while detractors pointed out the instability in the price of the commodity.  If you were able to snag more gold at $1,360 you have since earned a return of 6.8%.

No matter how you feel about gold you need free cash available to be able to purchase some. That means taking care of your finances, which these articles will help you do:

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Bitcoin Bonanza and Links

The alternative, virtual, and unregulated currency Bitcoin experienced quite the bonanza over the last few weeks. 

The price skyrocketed to over $200 per coin, then plummeted 50%, then rebounded a bit.  The fledgling new online currency has made millionaires from early adopters but is still struggling to go mainstream.

I honestly don’t know what to think of Bitcoin.

There are only a certain number of coins that can ever exist, you have to run complex equations on a computer to “mine” a coin (or purchase them from an exchange), and the coins are stored on your computer.  However, real people are using them for real transactions instead of US dollars.

As great as it would be to buy a bunch of coins at $3 per coin in the early stages and watch it skyrocket to $200… I can’t imagine a sustainable currency fluctuating that much.  Merchants can accept Bitcoins for payment, but how can you calculate how many coins to charge if the price is constantly changing?  That $200 transaction for one coin just became a $120 transaction when the price plummets.

Instead of worrying about alternative currencies to get rich, here are some more traditional methods:

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