Most of us can agree on one main goal for 2020: make life simpler and easier. Behavioral economists have proven that the best financial decisions are those that are pre-considered and then AUTOMATED. If your bills get deducted on auto-pay, you are never late with a bill. Your credit score goes up. You never pay late fees. If your strong 401(k) contribution is automatically deducted from your paycheck for 30 years, you end up a millionaire at retirement. Today we'll outline how to get your money running like a well oiled machine--one where you get PAID to own your investments, and you prevent life surprises from turning into financial emergencies! You're going to love today's show MASTERING MONEY is on the air!!!
In 1892, the Eastman Kodak Company was born. It had been the brainchild of a 24 year old young man who became obsessed with capturing pictures for easy viewing. In those early years if you would have asked George Eastman about Kodak’s business model, he would have said the company was somewhere between a chemical supply house and a dry goods purveyor (if dry plates can be considered dry goods). The company became a multi-billion dollar behemoth and one of the best stocks you could have owned in the middle of the last century. They even developed the first digital image technology, believe it or not. What did they do with it? We'll tell you that story today, and it will shock you! Then Steve will answer the tough questions on annuities and dividend stocks. A fact filled show you don't want to miss...MASTERING MONEY is on the air!!
People who don’t like losing money in the stock market are often described as “risk-averse”. In reality, behavioral scientists will say that you may not be RISK averse, but rather LOSS averse. There is a difference, and it matters when you are designing your financial plan.
Las Vegas is loaded with people who are not risk averse. In fact, they take pleasure in taking a risk.But all of them are LOSS averse. Today, we'll clearly define the difference and why you need to know it when determining HOW to allocate your investments for retirement, and it may SHOCK you! Then health insurance and Medicare expert Shelley Grandidge joins us for the Q & A. An important show you don't want to miss....MASTERING MONEY is on the air!!
Automated trading systems — also referred to as algorithmic trading,— allow traders to establish specific rules for both entering trades and exiting trades that, once programmed, are automatically executed via a computer. High FREQUENCY trading is not the same thing. High frequency trading travels in milliseconds to stay ahead of the trend, CREATED by the algorithmic trade! In the early 2000s, algo trading only consisted of about fifteen percent of market volume in the U.S. stock market. Today, it controls upwards of EIGHTY percent, and when combined with trillions of dollars of high frequency trading, with a dose of corona virus, you get what we are seeing now. Today, we'll explain how algorithmic trading works and what you should do guard yourself. Then mortgage expert Mitch Boxberger joins us. You don't want to miss today's show....MASTERING MONEY is on the air!!!