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Take Care Of Your Financial Big Hits

December 27th, 2011 6 comments

When it comes to managing my finances and saving money, I like to look at the big picture. If you focus on the big hits in your finances, it makes it that much easier to handle the smaller items where you can make incremental improvement over time. When I look at my own finances, taking care of the big hits enable me to be lazy: I don’t do budgets and I don’t really track expenses that hard.

Here are my two big hits: housing and transportation. Once you tackle these two main expenses, everything else will be easier to manage because they are typically a much smaller part of your budget than the two main cost drivers. I have tamed the two big expenses for many years which has created the cash flow to be an investor as well as enjoy my life more with entertainment and travel. Read on to see how I save almost $30,000 per year.
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Weekend Investor: The Post Office is DOA plus…Links

December 23rd, 2011 No comments

My company just notified me that I can now get my W2 form electronically.

I’ve been gradually moving all of my financial communications from paper mailings to electronic forms. The last straw for me was when the Post Office lost one of my tax returns last year. It was mailed on April 17th, probably went into the same truck that all the other tax returns were in, going to the same destination. And yet they still lost it. I can’t remember the last time I bought a book of stamps, it might be more than 10 years ago.
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MONEY PROS Index Fund Challenge: My Picks!

December 22nd, 2011 No comments

I’ve joined the MONEY PROS Index Fund Challenge 2012! Thanks to 101centavos and all the bloggers at the MoneyPros Index for hosting this competition. Check out all the participants and their stock picks here.

Each participant selects (3) stocks which will be tracked in a portfolio. All dividends will automatically invested when they are earned.

I’ve selected (3) stocks that will make money in 2012. Two of them I can tell you will a fairly high degree of certainty how much they will make. The third one will most certainly increase its already high dividend, but will the market bid the price up?
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Another Dividend Reinvestment Option

December 20th, 2011 2 comments

Dividend reinvestment is a secret that dividend investors use to increase their investment returns. It can turn the return of an otherwise ordinary investment into a market beating one. Here’s an example using a very well known stock, Coca Cola. OK, you probably have an uncle who has owned this for thirty years and has a monster return that he gloats about every year at your family holiday party. Anyone who has owned a high quality large cap stock for that long is gonna have a great return.

But what about the last ten years?
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How To Move Cash To Your Broker

December 15th, 2011 No comments

In order to fund your broker account you need to send them money using one of a few methods. These are the typical methods used that brokers support.

Checks Or Account Transfers

If you are getting started to investing, I recommend using a physical check issued from your bank or credit union. Deposit the check either by sending it in the mail or visiting your broker at their local office in your area. Make sure that the money is in the account that the check is drawn from before you send it and that there isn’t any possibility of the money being withdrawn by other claims (bill payment, bank fees, etc.)
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