Mullooly Asset Show Episode 11 1:52 – Should I sell my stocks to cover expenses from an emergency room visit? 4:39 – Financial shocks 6:28 – Tax on the poor Here is the transcription for this video.
https://media.blubrry.com/invest/p/content.blubrry.com/invest/Fixing_the_Holes_in_Your_Financial_Ship_July_2015_Podcast.mp3Subscribe: Android | RSSImagine that you and your family are about to take a cruise to the Caribbean. You’ll be stopping in St. Lucia, Grenada, and St. Vincent and the Grenadines. You’re excited for what should be an excellent trip, but upon boarding you find out that the ship is taking on water. Are you still… [Read More] Fixing the Holes in Your Financial Ship
A recent chart from Deutsche Bank’s Torsten Sløk shared on Business Insider shares a scary reality: 47% of US households don’t save any part of their current income. Of course, as Anthony Isola put it on Twitter, “Making lemonade out of lemons, 53% save something!”. Some people truly don’t have the means to save any… [Read More] 47% of Americans Save Nothing
The beginning of a new year presents an optimal time to set goals for yourself. Last week, Tom discussed financial New Year’s resolutions on the weekly video. I recently read an excellent post from Kris Venne of Ritholtz Wealth Management regarding knowing your monthly number that I thought went well with that video’s message. In… [Read More] The Importance of Knowing Your Monthly Number
Preparing for Financial New Year’s Resolutions As 2014 comes to an end, we share some timely tips for those who intend to make financial New Year’s resolutions. Tom has some words of wisdom that you should keep in mind: Don’t play the stock market with the rent! He elaborates on the meaning of this in… [Read More] Preparing for Financial New Year’s Resolutions
In August of this year, BlackRock did a survey of 4,000 Americans. One of the most interesting things they discovered was surprising to me. According to their survey: “As was true in our 2013 survey, “cash remains king” with almost two-thirds (63%) of all savings and investments held in cash?and most of that in traditional… [Read More] Savers Still Heavily in Cash