As many of you are aware, I have been harping on how low mortgage rates have been over the past few months and how much of an opportunity we all have to lock in a long-term low interest rate right now.
So let us assume you have decided to heed my advice, gotten all of your ducks in a row, and have gone to the bank or mortgage lender to negotiate a refinance. BAM! They offer you a refinance somewhere between 5.5% and 6.5%. But, but, but....
Brian, I thought you said mortgage rates were around 4.5% to 5%?
For more of this story, go to http://www.moneyguy.com/2009/04/how-to-build-your-credit-score
So here you are. You have been listening to the show for a while. You understand efficient markets. You understand asset allocation. You even understand equity-risk premium and risk/reward trade-off. Now, how do you implement? This is a problem I see all too often. Many individuals possess the knowledge and understanding of the financial marketplace, but have no idea how to put it into practice. So what is next step in developing a portfolio to assist you in reaching your long-term goals? Selecting the assets to use.
More information at http://www.moneyguy.com/2009/04/mutual-fund-screeners
Today’s show is a hodge-podge of information. You guys have been instrumental in providing me with great feedback as well as some very good questions, so today I felt the need to let you all know that I am reading your emails and I do appreciate your input. As you listen, I will share some […]
Full show notes at http://www.moneyguy.com/2009/02/money-guy-q-a
That’s right. We’re bringin’ simple back. 2008 provided us with a wonderful opportunity to step back and ask, ‘what in the world are we doing?’ If you were an adult and had a pulse over the last decade, it would have been impossible to not notice all the complexity in the financial markets.
I’m not just talking about the stock market. I am alluding to every aspect of your financial life. So often individuals feel like to make money or be successful, it has to be a very intricate and complicated process and only the super intelligent can achieve it.
We were all tempted to invest in things we didn’t understand, buy products we couldn’t comprehend, and implement strategies that made our heads spin.
In today’s show I walk through a few areas where simple is not a bad thing.
For more, visit the show notes on our site at http://www.moneyguy.com/2009/01/bringin-simple-back