July 2017 | FIGuide

10 Investment Mistakes to Avoid

Jul 31 2017

There are many ways to lose money while investing your money. Here’s a look at 10 proven ways to manage your stock portfolio into the ground in no time.

The temptation to sell is always highest when the market drops the furthest.

Who needs a pyramid scheme or a crooked money manager when you can lose money in the stock market all by yourself? If you want to help curb your loss potential, avoid these 10 strategies:

Go with the herd. If everyone else is buying it, it must be good, right? Wrong. Investors tend to do what everyone else

Traveling for Charity? You may have deductions

Jul 31 2017

Most of us realize that donating money and goods to a charity can be beneficial on our tax returns. But did you know that traveling for charity can also be deducted? It’s true – with some limitations, of course.

When you do work for a charity, whether building houses, manning a recruitment booth, or picking up items donated, travel may be required. If you use your own personal vehicle (or your company vehicle if you own the company) your travel involved with this work can often be deducted as well.

For example, you might volunteer at your church to help …

Why Not Save for Christmas in July?

Jul 25 2017

July 25, is known as Christmas in July. The retail calendar does not always match our own and people tend to remark when they see Halloween decorations in the summer or swimsuits on sail in the winter. And some retailers try to entice shoppers to spend more for Christmas in July. But rather than being enticed to spend, you could use Christmas in July as an opportunity to think ahead and save for the winter holidays.

While it is important to save for a general emergency fund, some people find it is easier to save with a specific goal in …

How to Adjust Risk Appropriately for Retirement

Jul 25 2017

The original version of this article was published November 15, 2004 under the title “Retirement Wisdom Part 4 – Adjust Risk Appropriately.” Time-sensitive numbers are relative to the original post date.

When the market is doing well it seems as though investing is strictly about the wisdom of knowing where to plant, when to water, and having the patience to wait for it to grow. But in fact in both good times and bad times, investing is really about managing your emotions. If you want to be an investor, you have to grow to understand not only the relationship between …

Stop and Smell the Roses: A Great Life

Jul 19 2017

Stop and Smell the Roses: A Great Life Many of us get caught up in the hustle bustle of life, summer, and back-to-school preparations. Can you relate? Do you catch yourself thinking “If I can only get _____ done, then I’ll be able to slow down and

The post Stop and Smell the Roses: A Great Life appeared first on Payne Wealth Partners.…

Archive - July 2017