Posted 31 weeks 4 hours ago by Philip Brewer
Personal Finance
Every book on personal finance says that you should pay yourself first--get the money out of your checking account and you won't even know it's missing. There's a lot of truth to that, but the pay-yourself-first model has some downsides, as well. I found that paying myself last actually worked better.
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Posted 49 weeks 1 day ago by Julie Rains
Investment
Can the concept of dollar-cost averaging (DCA) help prevent nervousness in investors? (I think so). But what is DCA and is it a viable investment strategy? If you are a seasoned investor with a large lump sum from a 401(k) rollover, property sale, inheritance, or other source, you are likely to think of DCA as second-rate or lower-performing strategy, which it in fact may be. But if you are a beginning or less experienced investor who has just a bit to invest each month ($25 to $100), then the DCA concept may help you feel comfortable in starting to invest and let you relax during market fluctuations.
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