June 2014 Spending
I would like to start saving more money consistently. The money that is leftover at the end of the month, I’ll transfer to my brokerage account to purchase stock. I plan on relying heavily on the meager income received from my portfolio to be able to retire early and for spending money during retirement. Unfortunately, […]
Roth IRA as a Savings Account
I really like the idea of a Roth IRA. If one meets the contribution limits, one is allowed to contribute after tax income and the money can appreciate and you’ll never have to pay taxes on the gains. The other aspect I like about it is that it can be used a savings account. Once […]
Stocks to Consider Purchasing
While reading financial news today, I came across the stocks below. I’m curious to research them further and I will consider purchasing them in the future. –American Financial Group (AFG) –American Tower (AMT) –American Water Works (AWK) –Automatic Data Processing (ADP) –BCE Inc. (BCE) –Chubb (CB)
Saving for Retirement 2014
I’ve had a busy few months and now I’m finally getting a chance to think about my finances again. I’ve decided to increase the amount I’m contributing to my 401k. This will reduce my taxable income now and defer taxes on the amount I set aside to a future date. The maximum allowed by the […]
Using Dividends to Buy Sempra Energy
The S&P 500 closed at 1950.79 today. It is only 5 points down from yesterday’s record high of 1955.55. With the S&P 500 setting new highs, I’m trying to stop myself from purchasing stock. In the past, I’ve found myself chasing stocks on their way up and paying too much for them. Almost every time, […]
Apple 7 for 1 Stock Split
The Apple stock price has been on a tear lately and it is almost approaching its all-time pre-split-high of about $700 a share. I’ve owned Apple for many years now. I was pleased when Apple reinstated the dividend in 2012. The dividends are great because I’m able to receive a return on my investment without […]
My IRA 7 Years Later
Most of the people I know that own stocks focus only on the dollar value. They can tell you the balance in the account but they won’t know how much money they are getting or can expect to receive from their investments. I am more concerned about the amount of income being generated by the […]
I Refinanced My Mortgage Lowering My Monthly Expenses
I’ve been wanting to refinance my mortgage for years now. My primary reason for doing so is that the monthly payment on the mortgage exceeds the income I’m receiving. So, in the event of a job loss, I would not be able to continue making payments on the property. If I were to get the […]
PMI is Finally Removed!
After months of following up with Bank of America, I was finally able to convince them that they should no longer be requiring PMI for my loan. You can read more on my thoughts on PMI here. I’ve been rounding up my mortgage payment up to the next $50 for a while now. This is […]
401k Loan
I was forecasting my expenses and realized that I was going to be short on cash this month and I needed to make sure to contribute to my Roth for 2013 before April 15th. I did have the option of selling some stock but I did not want to incur capital gains taxes from doing […]
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