Archive - June 23, 2011

1
Ten Ways to Save Money Without Limiting Your Lifestyle
2
Filing For Your Second Bankruptcy
3
How To Properly Manage Bonds In Your Investment Portfolio

Ten Ways to Save Money Without Limiting Your Lifestyle

As a fee-only advisor I often speak with clients in regards to their cash flow. We sometimes drill down to fine detail. When this occurs I always seem to find ways to cut corners without negatively impacting the client’s lifestyle.  Here are a few of the examples I have learned over the last several years.

  1. Eliminate Bank Fees- Banks are battling for assets and usually are willing to work to retain quality clients. Recently, I found out that a client was paying $100/ month for a few specialty services. After a quick phone call to the bank and a
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Filing For Your Second Bankruptcy

Bankruptcy is a frightening word, and it is even worse if it strikes twice. There is a lot of conflicting information about bankruptcy details, and people who are facing financial troubles can get even more overwhelmed.

You may have heard that to file for your second bankruptcy, you need to wait for some time. This is true, but the good part is that you can file for bankruptcy any number of times, though the outcomes of your repeated filings are limited.

Waiting period

There is no official period to wait before filing for second bankruptcy, but the debt discharge you’ll …

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How To Properly Manage Bonds In Your Investment Portfolio

Over the years, as I have spoken to quite a few people about bonds, the various conversations have often taken a different direction, depending on the “environment” at the time.  Take, for example, 1999, when common stocks were on a tear; then I had to explain the reasons why anyone would want to invest anything at all in the bond market.  And in recent times, in this “environment” I’ve actually had to talk investors out of investing too much of their money in bonds. 

These are both examples of what Behavioral Economists call “recency.”   Meaning that we tend to place …

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