6 Persuasive Reasons Not to Track Your Investments with Financial Software

In preparation for my post on my new favorite budgeting software, I was originally explaining why I no longer want a personal finance software that tracks my investments. The explanation got longer and longer until I finally realized the material need its own post. This post. 6 Reasons Not to Track Your Investments In Your Financial Software There is no value in watching your … [Read more...]

Asset Allocation is the Biggest Investment Decision You’ll Ever Make

I get questions. I get questions about the Bible and money, questions about debt, and questions about investing. Did you know that the questions you ask don’t necessarily get you to the solution you need?  If you ask the wrong question, you’ll get the wrong piece of advice. We tend to think the most important investing questions are: How much should I be saving for … [Read more...]

Should You Only Own a Single Target Retirement Fund?

I haven’t looked at any stats recently, but last I checked, target funds are growing in popularity. The reason is because they make people feel safer.  They present a simple, little-knowledge-required way to do your investing. Thus, they target folks who know little about investing, but want to be saving for retirement.  Furthermore, they are ideal for people who don’t want to have anything … [Read more...]

The Ultimate Beginner’s Guide to Index Funds, Mutual Funds, and ETFs

If you were to jump into a Canadian lake in January, I bet you’d feel some sort of shock to your system. If you’ve never done much investing, you’ll feel a similar shock when you start to sort through all the investing options. In fact, beginning investors often use phrases like -  overwhelmed, so many choices, and I don’t know what to do. Don’t expect me to tell you what to do, but I do … [Read more...]

Mutual Fund Investing Vs. Index Fund Investing

If you asked me for advice to start investing, I’d first have to tell you that I legally cannot give specific investing and accounting advice.  Then I’d tell you that both index funds and mutual funds are better ways to invest than single stocks.  Then you might ask me which is better: mutual funds or index funds*?  Here’s what I’d say … *For clarification in this post, I’ll be discussing … [Read more...]

Should You Follow Dave Ramsey’s Investing Advice?

You probably wouldn’t know it from reading this blog. I’m a huge fan of Dave Ramsey.  However, every time I write about him, it is to critique something he says (like his stance on credit scores).  I have, however, shared three things I really like about Dave Ramsey, and I’m sure there are more. Still, I tend to critique him more than I praise him.  The reason is this: because he … [Read more...]

How to Find an Online Discount Stock Broker

Several years ago I fired my financial advisor. I started subscribing to the Sound Mind Investing Newsletter (SMI) to us as an investing resource.  SMI provides some guidance, and I take care of your own investments.  I immediately started to look for the best online stock broker.  After you learn how to start investing and what you want to invest in, your next most important question is how do I … [Read more...]

How to Invest at Lending Club | A Guide for New Investors

I recently had a reader email with a follow-up question regarding p2p lending at Lending Club.  He essentially wanted to know how to invest at Lending Club. Here’s the question: Could you explain to me how lending club works as an investor? What type of initial investment is needed? Do you fund individuals or across the board? I thought the question would be good to address in this … [Read more...]

A Low-Cost, Diversified Investment Portfolio with Only Three Funds

You've heard it over and over, "Diversify your investments!" But how exactly do you do that? And how can you do it without getting complicated? This simple guide will show you how to diversify your investments with only three funds. Keeping It Simple & Low-Cost I'll be the first to tell you that this is not an "optimal" portfolio. It's not the best, but it's a lot better than a … [Read more...]

Rethinking Retirement | Reasons I Spend Less Time (and Money) Saving for Retirement

I used to do a lot to plan for retirement.  But then I wised up. I find that as time passes I’m developing an increasing skepticism about the concept of retirement.  I definitely would say retirement is not the goal of life.  If we live within God’s calling, we should be able to work, play, and learn at all stages. I think Christians should be appropriately educated about the value of … [Read more...]