Photo by: Ricky Irvine Hank – quick one for you. Are 12-b-1 fees included in an expense ratio of a mutual fund? – Jay from Kansas Hey Jay – quick answer back to you. No. Click the image below to enlarge: You’ll notice it is a SEPARATE fee. But also keep in my that all [...]
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 [...]
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 [...]
Only 8 days 3 hours 35 minutes left until Hanks Holiday Handout drawing! Sorry I’m behind on a few of the readers requests, it has been a busy month for sure! But this was a fairly straight forward answer to Ben. Hi Hank – You have posted a few times about the high yield savings [...]
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, [...]
I got an email from a reader yesterday that asked: “Hello Hank, I’ve been with my company for almost 20 years and I have over $1,000,000 in my 401k. I am 45 years old and I have a house mortgage still of $295,000 for another 13 years paying about $2000 per month. Would it make [...]
So I just finished up the book 4-Hour Workweek by Tim Ferriss. It has the standard self-promoting fluff that you have to dig through and weed out, but once you get through that, he’s actually got some pretty ingenious ideas that I think I may find myself implementing in the very near future…
