Fee-only financial planner can help pare portfolio costs
News from Los Angeles Times:

Dear Liz: We have $ 130,000 invested in mutual funds, but the returns the last few years have been less than 4%. With the financial advisor taking 2% as a fee annually, we are not satisfied with the growth. A co-worker suggested buying blue-chip stocks with a strategy to hold and reinvest the dividends. If this is done in a self-directed plan to avoid the fees, we could be netting 4% plus. Is this a good plan or should we trust the advisor’s optimism that our returns will improve soon?

Answer: You don’t mention your age, your investment mix or your goals for this money. But if your portfolio isn’t doing significantly better this year — after all, the Standard & Poor’s 500 stock market benchmark is up about 30% over the last 12 months — you have cause for concern.

Even if your returns were better, a 2% fee is pretty high. Small investors need to keep an eagle eye on costs, since expenses can have a huge effect on your nest egg. Paying even 1% too much could shave more than $ 100,000 off your returns over the next 20 years.

That doesn’t mean, however, that an all-stock portfolio is a better choice. Individual stocks typically are much riskier than a diversified portfolio of mutual funds or exchange-traded funds (ETFs).

What might make more sense is consulting a fee-only financial planne…………… continues on Los Angeles Times

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El Libro Paz Crediticia, Te Ensenara Paso A Paso La Forma De Reparar O Reconstruir Tu Credito, De Obtenerlo Si No Lo Tienes O De Mejorarlo, A Disputar Tus Aspectos Negativos Que Tu No Reconozca Y Conoceras Como Te Ven Los Prestamistas Y Las Leyes.
Aprenda A Reparar Su Credito En Español Paso A Paso.

BMO Harris Financial Tip of the Week: Improve Your Credit Score
News from Sacramento Bee:

/PRNewswire/ — As part of BMO Harris Bank’s ongoing commitment to financial literacy and Helping Make Money Make Sense, BMO Harris is providing weekly financial tips.  This week’s tip offers steps to improve your credit.

Just like a top football, basketball or hockey player is drafted based on their stats, your credit score is used to determine your financial fitness.

Your credit score is the best way to define your ability to handle debt. It’s based on several aspects of your financial picture and can help creditors determine if you’re responsible with your money.

Improving your credit is one of the easiest ways to improve your overall financial scorecard. Doing so may help you get approved for loans and lower your interest rates and insurance premiums.

BMO Harris Bank recommends the following steps for improving your credit score:

  • Pay on time. Payment history is one of the most important factors used to calculate your credit score, so consistently paying on time is one of the easiest ways to boost your score. To help you pay on time, consider enrolling in an e-bill pay program that will make payments automatically on your behalf and guarantee they arrive on time.
  • Reduce debt-to-credit ratio. Focus on paying down the amount you owe on…………… continues on Sacramento Bee

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A bad credit score could end your hopes of owning an iPhone 5
News from Compare Pre Paid:

A bad credit score could end your hopes of owning an iPhone 5 | Compare Prepaid News continues on Compare Pre Paid

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Tips from M&I to Avoid Financial Mishaps on National Fight Procrastination Day
News from Sacramento Bee:

/PRNewswire/ — Do you have a pile of sale receipts on the kitchen counter that you promise yourself you’ll take care of later? Are you constantly putting off balancing your check book?  Is saving something you’ll start “someday”?  September 6th is National Fight Procrastination Day and one of the most costly procrastination mishaps is putting financial questions and concerns aside. Use this day to give yourself a financial check-up and kick procrastination to the curb.

“Most of us have a lot going on in our lives, so taking control of your finances can be an easy thing to put off,” says Mary Brockhaus, Senior Vice President M&I, a part of BMO Financial Group.  “However, starting with small steps can make it a lot easier.”

Brockhaus suggests a few ways to help you get started.

Start Saving: You don’t have to make drastic changes to your spending habits or get a big promotion to start building a savings account. The key to saving is consistency. Even putting $ 5 in a savings account will build into a little nest egg over time. As your income grows and debts get paid down, increase the amount of money you are putting away every month. Make it a goal to save three to six months worth of living expenses. You never know when possessing the extra cas…………… continues on Sacramento Bee

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Millennials struggle with financial literacy
News from USA TODAY:

The cost of financial illiteracy

Test your financial knowledge with sample questions from the National Financial Capability Challenge, a 40-question exam given to high school students each year since it was implemented in 2010 by the Department of Treasury and Department of Education.

Department of Treasury, Department of Education

Paralyzed. That’s how Paige Worthy feels when she thinks about budgeting her money.

  • By Brett T. Roseman, for USA TODAY

    Paige Worthy uses her iPad to check a recipe while shopping on March 3 at Gene’s Sausage Shop & Delicatessen in Chicago.

By Brett T. Roseman, for USA TODAY

Paige Worthy uses her iPad to check a recipe while shopping on March 3 at Gene’s Sausage Shop & Delicatessen in Chicago.

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“I freeze. I have no idea where to even start with this,…………… continues on USA TODAY

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Money Saving Tips and Financial Advice For Young Adults
News from Equities.com:

Money Saving Tips and Financial Advice For Young Adults

For young people, financial independence is a major milestone in crossing over to adulthood. Becoming an adult means an increased number of responsibilities, not least of which includes financial responsibilities. Whether you’re a recent college grad or a budding young professional, it is important to know how to handle your finances in a way so that you do not end up incurring loads of debt or unprepared for your eventual retirement. If you are shouldering lots of debt at this young age, you may not be able to build up a safe future ahead.

Saving Money Tips for Young Adults

There are many milestones to “growing up” and becoming a full-fledged adult. Whether you’re a 20-something or in your 30s, managing your finances may seem like an overwhelming task if you don’t know how to stay on top of them. So here are a few key areas to look at to get your money in order.

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Experian launches its new generation of Indian Bureau Scorecards
News from Business Standard:

Experian launches its new generation of Indian Bureau Scorecards
Even more predictive Experian Delphi Credit Scores will enable financial organisations to acquire and manage profitable customers
Announcement / Mumbai Mar 09, 2012, 14:05 IST

Experian Credit Information Company of India, today announced the launch of the next generation of Experian Delphi Credit Scores for customer acquisition and management to enable Banks and NBFCs to achieve even greater insight from credit bureau data.

The latest innovation for the Indian market will see the Experian Delphi Credit Score for Customer Acquisition use a risk forecast underpinned by credit history data and other relevant data combined with analytics to help provide even greater insight into new customer lending decisions. Post-acquisition, the Experian Delphi Credit Score for Customer Management provides the risk forecast score at a point in time to help lending institutions to better manage credit limits, pricing, collections strategies, cross-sales, & Basel II compliance.

continues on Business Standard

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Credit card debt: Don’t forget the lessons from financial crash
News from Tulsa World:

Credit card debt dropped in 32 of the 36 months of 2009 through 2011 as cardholders spent less and issuers lowered credit limits, tightened approval guidelines and canceled risky accounts, says Bill Hardekopf, CEO of LowCards.com.

However, the Federal Reserve’s monthly G19 report shows consumer borrowing is again increasing – by $ 7.65 billion to $ 2.46 trillion in October, the biggest increase in two years. Credit card debt rose $ 366.2 million in October, while auto, mobile home and education loans increased $ 7.28 billion.

Credit card issuers are again filling the mail with offers – mostly to those with good to excellent credit. Everyone is receiving more card solicitations with attractive rewards and balance transfer offers.

We must not forget the past three years and the hardship large credit card balances caused us, Hardekopf says. Paying off debt wasn’t easy, and some of us still have debt problems and wonder what can really be done about it.

Total: Assess exactly what you owe for all credit card debts. It was easier to pay the minimums without looking at the totals, but misleading yourself only made things worse. Write down a debt summary including creditors, monthly paymen…………… continues on Tulsa World

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Reality Check: What happened to Obama’s 2011 State of the Union promises
News from NBC17.com:

By: Caroline Fairchild and Dane Huffman | NBC17.com

Roughly one year ago, President Barack Obama addressed Congress in the 2011 State of the Union Address. Obama faced the difficult challenge of outlining his plan to “win the future” to a nation still reeling from the tragic shooting in Tucson, Ariz., that claimed six lives and seriously wounded Congresswoman Gabrielle Giffords.

Speaking to a divided Congress now led by Republican John Boehner as Speaker of the House, Obama stressed the importance of putting aside partisan differences as the country worked toward staying competitive on a global scale.

The president vowed to rebuild America’s infrastructure with a combination of spending initiatives in clean-energy technology, education, high-speed rail and high-speed Internet and deficit reduction through spending freezes and tax cuts. Calling upon Americans to continue to “out-innovate, out-educate and out-build the rest of the world,” Obama remarked that the country should be searching for its next “Sputn…………… continues on NBC17.com

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Avoid financial disaster by being prepared
News from The Coloradoan:

One good thing about the current economic downturn is more people desire to do a better job of managing their money. Prevention is worth a pound of cure, and this is especially true when it comes to money. Check through the following list to see if there are some areas in your financial life you could be managing better.

Avoiding these pitfalls will help you be more financially secure.

» Neglecting your credit scores: Regularly review your credit report (free from annualcreditreport.com). Check for errors to improve your credit score.

» Equating monthly payments with affordability: Monthly payments do not reflect the true cost of ownership. A car, for example, requires insurance, gas, repairs and maintenance, which need to be included when deciding affordability. Lower payments also often reflect a longer repayment time which means increased interest being paid which increases the cost of the purchase.

» Overpaying on a mortgage: Refinan…………… continues on The Coloradoan

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How To Give Yourself A Financial Checkup
News from North American Press Syndicate:

(NAPSI)—Any time can be the right time to give yourself a thorough financial tune-up. Here are a few tips on how to get started.

Review your credit cards. Do you have a stellar credit score? With industry competition fierce for your business, you may be able to ask for—and receive—a lower Annual Percentage Rate (APR).

While the average variable APR for credit cards is 14.46 percent, those with super high credit scores can actually cut that in half. If you’re among that elite crowd and aren’t happy with your current rate or terms, try contacting customer service. You could negotiate your way to a better rate, or possibly persuade them to waive the annual charge.

What’s your get-out-of-debt plan? If you’ve ever thought about making a dent in your debt (or changing your credit habits), now’s the time to create a plan to gain control of your credit for good. Try keeping a journal and tracking your sp…………… continues on North American Press Syndicate

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American Credit Repair: Everything U Need to Know about Raising Your Credit Score [With CDROM]


The Definitive Guide to Raising Your Credit Score Whether you’re recovering from financial problems or need to pump up your score to qualify for a mortgage, you need reliable information and expert guidance to fix and improve your credit rating. Drawn from years of experience helping thousands of consumers, "American Credit Repair" empowers you with "Everything U Need To Know…" to raise your credit score. Everything U Need to Know about Credit Repaire Obtaining and understanding consumer credit reports Correcting past mistakes and planning for the future Disputing inaccurate data on your credit file Dealing with collection agencies Avoiding foreclosure and bankruptcy BONUS CD-ROM FEATURES: Ready-to-print forms and letters to repair your credit on your own plus vital consumer protection resources you can’t do without, and much more
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Stop Repeating Financial Mistakes That Lead to Debt Problems
News from Caribbean Media Vision:

They say history is prone to repeating itself and if consumers are not careful, the cycle of debt will continue on for years to come. So too will low credit scores be a consistent part of your financial life. In order to stop letting history repeat itself, you have to learn from your mistakes and move forward financially wiser and ready to commit to remaining debt free.

Harm of Poor Credit History and Low Score Present

When you carry a low credit score and a poor credit history, you are actually setting yourself up for a long road of paying more money for all sorts of things like car insurance, various types of financing including mortgages, and even for basic services like cell phones. Low credit scores will decrease your approval rating when you need loans or utilities and if approved, you will have to pay more in down payment cash in order to have access to services.

If you continually make the same money mistakes over and over, you ar…………… continues on Caribbean Media Vision

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Living credit smart in tough financial times
News from Milwaukee Journal Sentinel:

(ARA) – Amid uncertain economic times, the state of consumers’ credit and debt management is often referenced as an indication of Americans’ overall financial well-being. Credit scores enable lenders to evaluate the level of risk involved in extending credit to a consumer and they can affect everything from your ability to open a credit card to determining your rates when buying a home or car. As our nation struggles to regain its footing in a recession, establishing good credit has never been more important than it is today.

Experian, the leading global services information company, conducted a second annual assessment of credit scores in cities across the country and found that many cities have improved their scores since last year – alb…………… continues on Milwaukee Journal Sentinel
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