Hank, I just got a raise at work from $35,000AUD to $42,000AUD – what is that percentage of increase, more so, how do I calculate it? – Gerald from Perth Hey Gerald – good question, people wonder that more than you think. So the way to calculate a percent increase between two numbers: 1. Take [...]
Photo by: emdot Only 0 days 5 hours 2 minutes left until Hanks Holiday Handout drawing! To make my goal of having my net worth be $1,000,000USD by 2020 I need to have a plan laid out. Yes it will change through the years, My wife and I will get raises; we won’t get the [...]
Only 5 days 2 hours 14 minutes left until Hanks Holiday Handout drawing! Good Morning Hank, I was reading this article from Morningstar and they said in it: “Mutual funds are required by law to pass along any income and capital gains they’ve earned throughout the year. These distributions typically take place near year end, [...]
Only 5 days 5 hours 02 minutes left until Hanks Holiday Handout drawing! Hank – I have a few “target date” mutual funds in my 401k plan from Fidelity. They are: Fidelity Freedom 2010 FFFCX Fidelity Freedom 2015 FFVFX Fidelity Freedom 2020 FFFDX Fidelity Freedom 2025 FFTWX Fidelity Freedom 2030 FFFEX Fidelity Freedom 2035 FFTHX [...]
So after writing about how my Edward Jones ROTH IRA was invested in “B shares” of NFPBX and no response back from my Edward Jones rep questioning him if I could get out without paying the 5% deferred load or reallocate the funds elsewhere, I figured it was time to do something about it, and [...]
I wrote last month about my bad decisions I’ve made investing, and the more I think about it, the more I have. So let’s pick up where I left off: 7. “Investing in Life Insurance” is officially a bad decision. I’ve basically had a savings account with my Universal Life Policy for the past 5 [...]
I recently had the pleasure to interview Will Sugg, a fellow personal finance blogger that works towards his fortune with Self Directed IRAs. I am no professional in the arena, so he was very willing to answer the few questions I had about them – I hope they can demystify the Self Directed IRA questions [...]
Oh, where to start with this one; it is a fairly dead horse to beat, but I DID recently read it, and it DOES have to do with my blog as I’m posting anything that has to do with money, and it certainly DOES have to do with money ($7 specifically from the discount book [...]
So another reader request came in yesterday asking about expense ratios; it read: Hank, this might be a dumb question, but I’ve got different answers from different people and I thought I’d go to the source! So back to school for, Expense Ratios 101: – I buy into Fund XYZ for $1000 on January 1, [...]
First let me assure you that ALL these companies offering this KNOW how to play the game. They’re not going to lose money on a deal. It’s just like when the casinos offer you a “comp” if you play long enough. They know the odds of you winning aren’t high, but if they dangle the [...]
