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Informative Articles

Frog Is In The Pot
You remember the story about the frog that was put into a pot of cold water on the stove. He was not concerned. Someone lit the burner and the water began getting warm, the frog was very comfortable and as the water became warmer he was so...
Lobster Trapping for Investment Ideas
Recently, my family and I took a trip to Maine to visit relatives. During our stay, we toured the rocky shore lines and took in the beautiful architecture of the old towns. One sunny morning, three generations of Wardlaws boarded a lobster...
Organizing Your Finances: - Show Me MY Money: What You're Worth or * net * Worth
Organizing Your Finances: - Show Me MY Money: What You're Worth or * net * Worth by: Janet L. Hall Benjamin Franklin once said, * Time is money *. I think he wanted one to add up how much time they spent on a particular task or job and how much...
Start Taking the Headaches out of Your Finances with this Do-It-Yourself Financial Plan
Actions You Take Today Assure Your Comfortable Future It’s not really news but You’ll need money the rest of your life. Hopefully you’ll have all you need. To get there you need to think about how your actions today will influence your...
Wealthy people became rich thanks to their assets
What is an asset ? An asset is simply something that brings money into your pocket. Liability is the opposite. It is something that takes money out of your pocket. Personal loan is a liability, your credit cards debt are liabilities. Your car,...
 
Investigate Your Investments

Are you not opening your investment statements that come every month? This article provides quick tips and guidelines to understanding your investment statements.
Have you ever said: "I don't even open my brokerage statements" or "I let them pile up in a big shopping bag."? When some clients come to see me, they just bring their bank and brokerage statements in the envelope - unopened! While I suggest opening your statements, I realize that they can be difficult to read. With the new tax laws, this is especially important. Here is a short exercise (half an hour) to help investigate your investments and gauge how your portfolio really is performing. Isn't half an hour worth many hours of restful sleep? I think so!

Try this out on your most recent brokerage statement, 401k, IRA or regular investments.

1) "WAITING TO COME BACK STOCKS". Circle your stocks and mutual funds that are "waiting to come back". First, do a financial check-up and decide to keep or sell them. Then, write a price next to them where you would be willing to sell. You should always have a price that you would be willing to sell your stock at. Therefore, when the market comes back (and it will!) you are prepared for it. This exercise alone helps focus your financial path forward.

2) WHAT IS THEIR INVESTMENT TYPE? For your stocks, mutual funds and bonds. Are they small-cap growth, large-cap value or corporate bonds (just to name a few)? Do you have too much in one investment type ("I didn't realize I had 80% of my portfolio in Large-Cap Growth!"). This is so important to do – especially for your asset allocation. In addition, with the new tax laws, you will want to complete this exercise

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to make sure you are paying as little taxes as possible on your investments.

3) COMPARE YOURSELF TO THE MARKET. Instead of "I'm losing so much money!", do a checkup. Visit www.morningstar.com for your mutual funds. Evaluate how your mutual fund is performing compared to similar funds. You can do this by looking at the +/- category line in the returns box. This line tells you if your mutual fund performed better or worse than similar mutual funds. Also, take this time to write how many Morningstar stars your mutual funds merit (1 through 5 with 5 being the highest rating).

4) MY MONEY MARKET IS EARNING WHAT?! How much are you earning on your money market at your bank or brokerage account? While it is probably earning a very low interest rate, you could earn more. Check out www.bankrate.com for a higher interest paying money market or look for an Ultra Short-Term Bond mutual fund elsewhere.

About the Author

Galia Gichon, Founder of Down-to-Earth Finance, provides unbiased financial education. Galia Gichon has more than a decade of experience in financial services and an MBA in finance. She speaks regularly at corporations, professional organizations and works with individuals. She publishes a monthly e-zine "Down-to-Earth Finance" with tips to spend smarter and save money and time on your finances. Subscribe at DownToEarthFinance-On@zines.webvalence.com. Contact her at 212.734.0433 or www.downtoearthfinance.com.