Reed Family Finance

If I Had A Million Dollars, I'd . . .

Prudential studied Americans in their 20s and early 30s. This demographic expects to retire at age 67. According to the study, they will require about a million bucks to afford the retirement they want. But, there is a startling disconnect between the amount of money those millennials will need and the amount of money they will actually have, based on their current financial behaviors. [...]

Until Death Do Us Part... Well, Maybe Not

Many people are so desperate to get out of a bad marriage that they do not consider the toll it will take on their current financial situation and their financial future. In fact, I was recently talking to a friend whose sister just got divorced. He was telling me that his sister, who has two kids, is in a tough position. She is trying to find a decent apartment to rent, now that she cannot afford to stay in the house where they have raised their kids for the last 15 years. The worst part is that she is surprised by the situation she finds herself in. She assumed that she would be able to stay in the house. Unfortunately, this is a reality that many people face when they get divorced. That is why it is so important to understand the financial repercussions of getting a divorce in order to have a plan for financial health moving forward. [...]

Learn To Invest Like The Richest One Percent

It turns out the perks of being rich extend into the investment world as well. A recent study performed by the investment research firm, Openfolio, found that the wealthiest 1 percent of American investors had higher returns, or less of a loss, than the rest over the past 12 months. Of course, we all know that wealthier people make more money than those with less money, given the same rate of return. (Five percent of $1 million is a lot more than 5 percent of $100,000.) That’s to be expected, but it has been found that the return is not even the same, not even close really, according to Openfolio. [...]

Stop Following The Herd Or You May Run Right Off A Cliff

Last year was a rough year for investors. Commodities took a beating, treasuries lost, bonds and stocks were volatile; heck, even Warren Buffett’s Berkshire Hathaway was down 12 percent! Matt Egan from CNN reported last week that nearly all of the stocks in the S&P 500 had fallen by at least 20 percent from their highs. He explained that broader indexes do not reflect the underlying pain because companies such as Netflix, Facebook, and Google, which are worth about $831 billion combined, have held up pretty well. [...]

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