One of the important traits of successful equity investors is the simple act of being patient with investments. To put it another way, building real wealth with stocks requires the ability to be calm when markets turn volatile and focus on the long-term goal. The age-old adage goes that time in the market is more …
Continue reading ‘Why Staying The Course Is Very Important’ »
The contribution limits for various retirement plan accounts such as Traditional IRA, Roth IRA, etc. for 2021 are shown in the infographic below. In addition, the chart also shows the rules for deductions. As the deadline for tax filing for tax year 2020 approaches soon, this guide is a useful tool to plan for this …
Continue reading ‘IRA Contributions and Deductions Guide for Year 2021: Infographic’ »
The four major Australian banks – Commonwealth Bank of Australia, Westpac, Australia and New Zealand Banking Group and National Australia Bank – have had a tough past few years. With most of the troubles over, some of these stocks are in recovery mode from the hard and deep slump. Let’s take a quick look at the performance so far this …
Continue reading ‘Checking on the Four Major Australian Banks’ »
I came across this interesting financial planning steps in the form of the bingo game: Click to enlarge Source: Charles Schwab
One of the best sectors to own for the long-term is the defense sector. Defense stocks tend to be like consumer staples stocks. They perform well in both good and bad times. One reason is that similar to food and other consumer staple goods, defense is a necessary and integral part of developed countries especially …