Willie

If i invest $100 a month will i be a millionaire? I guess the most important part of the equation is how long I will be investing $100 a month. I did a search on Google for a compounding interest calculator (because each year my earnings will be determined by how much I have saved and how much interest my savings had earned the previous years). The compounding interest calculator gives me the following results if I start with no money and invest $100 a month at a 8% interest rate: 20 years -… Continue

I saw the recent post about how more 401(k) funds are starting to include socially responsible investment fund options. I checked with my 401(k) advisor and found out that I did have a few recently added SRI fund options. I'm now in the process of changing my asset allocation to include the new SRI funds. Before I decided to make the change, I did some research into the SRI funds. I found out that the notion that SRI funds generate smaller returns is more myth than fact. I also saw a stat tha… Continue

I know some cable line-ups offer bloomberg financial news and maybe a few others, but when I watch television, CNBC is the main source for financial information. Is it a good thing to have one company (GE) with near monopoly control over cable financial news? There certainly are a number of programs offered on the channel, but most of them operate according to the same commercial format. They all seem to have the same goal of getting more people to invest in the stock market. Even if I think… Continue

I'm just about to start my journey as a parent. I've been thinking about how I want to raise my children. I know there will be a lot of things I can't plan for. One thing I'm thinking about is how much wealth I should share with my children. I want to have some sort of allowance system so they will start to manage their own money at an early age. I'm also wondering what type of example I should set for my children. If I have been financially successful, should I let my children know by buying… Continue

Do you know what an annual expense ration is? If you invest in mutual funds you should learn this term as soon as possible. Basically, the annual expense ratio is the amount of fees paid to your mutual fund provider in ratio to the amount of your money that is actually being invested. You need to find a mutual fund with good performance, but also with a low annual expense ratio.