Scotty

46 Flips | 5 Magazines | 5 Likes | 1 Follower | @Turk182 | Keep up with Scotty on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Scotty”

How to invest when a market bubble bursts

To paraphrase one of the great gems of Wall Street wisdom, "Nothing infuriates a man more than the sight of other people making money."<p>That's a pretty good description of what happens during the late stage of a stock market bubble. The bubble participants are making money (at least on a …

Stock Markets

I retired at 43 but I still have over $100,000 of debt — and I love it

So, I'm financially independent and no longer work, but I still have a load of debt. And I love it. This debt has made me some serious money.<p>I'll explain all, but let's back up for a moment.<p>That debt is my home mortgage. I bought my last home for about $175,000. I had the cash to buy it outright, …

Personal Finance

The 33 richest people on earth

Data from the list shows that it is actually entrepreneurs and self-made business people who dominate the top spots — not just mainly those with inherited wealth.<p>While, of course, there are families that keep passing their companies and wealth down in the family, such as the owners of Koch …

Samsung Galaxy S7

20 Tricks for Getting Rich

It's okay to take strategic risks, but try to eliminate unnecessary spending.<p>When you envision your retirement, what do you see yourself doing: …

If you're selling stocks because of oil, the worst is probably over

Just short of calling a bottom in oil, Deutsche Bank's Torsten Sløk argued in a client note Thursday that the impact of the crash on the economy cannot get much worse than its been over the last year.<p>As we recently noted, it's unlikely that anyone would give away oil for free.<p>And since oil is now …

Stock Markets

The Missing Ingredient To Achieving Your Goals

Why do 92% of people fail to achieve their new year’s resolutions and how you can make sure you are part of the 8% who <i>do</i> achieve their 2016 goals?<p>The answers: 92% of people quit, and you have to not quit.<p>Now before you say “duh” and click away in anger, hang with me for a few more minutes. Because …

Motivation

Make Sure You Avoid These 4 Common Retirement Penalties

Retirement is part of the American Dream. It's one of the reasons why we toil so long and hard each day to make ends meet and set aside a nice nest egg for the future that will surely one day come. Along the way, make sure you avoid getting hit by these following retirement penalties, so you can …

Secrets to Success From Elon Musk, Steve Martin and Mike Bloomberg

What are the secrets to success? Well, successful people work hard. But you work hard too, right?<p>And if you keep working harder and harder you’re …

Most Americans are at risk of not being able to cover their expenses during retirement

<b>The retirement picture is getting better (Fidelity)</b><p>Fidelity's biennial Retirement Savings Assessment study found the percentage of Americans who can afford to cover basic expenses during retirement jumped from 38% to 45% over the last two years. Still, that means 55% of Americans are at risk of not …

Why things could soon get ugly for stock investors

<i>Scott Barlow is Globe Unlimited's in-house market strategist and a 20-year veteran of Canadian investment banks, including Merrill Lynch Canada, CIBC Wood Gundy and Macquarie Private Wealth. View more of his columns here that are available to subscribers only. For all investing content exclusive to</i> …

Warren Buffett's Grandson Is Out To Prove 'Commerce Can Have A Conscience'

"It's just not enough to only be 'less bad,' but it is essential to be 'actively good.'"<p>Can a company pursue profits and social good at the same time?<p>Absolutely.<p>Just ask Howard W. Buffett (grandson of Berkshire Hathaway founder Warren Buffett) and Trevor Neilson, who together have co-founded i(x) …

Investing

Warren Buffett's grandson is trying to create the Berkshire Hathaway of sustainable investments

In a New York Times profile published Friday, Howard Buffett outlined his plans for i(x) Investments, his new investment fund that will look to replicate some of the strategies employed by his billionaire grandfather's Berkshire Hathaway conglomerate, but with an eye toward more environmentally and …

10 Lessons From Reading 10 years of Warren Buffett's Letters to Berkshire Hathaway's Shareholders

Every year around this time we start to look for predictions and ideas on how to perform better in the next year. What better way to predict the future if not by looking to the past for lessons from one of the greatest investors of our time? I'm talking about 10 years of Warren Buffet's letters to …

15 Quotes That Take You Inside the Mind of Warren Buffett

Warren Buffett is one of the most successful investors in history. Today, he has an estimated net worth of over $70 billion, making him the third …

How to find out if you're paying excessive fees on your retirement savings

"The system is riddled with loopholes — what I would call 'landmines' — that can blow up your financial future," writes Tony Robbins, author of the bestseller "MONEY: Master The Game."<p>One such landmine is hidden fees.<p>They're unavoidable: Online investment platforms known as "robo advisers," ETFs, …

21 reasons you're not rich

Everyone says they want to be rich, and there's certainly enough advice out there on how to acquire more money.<p>But what about the reasons you're <i>not</i> rich? What's really holding you back?<p>It's easy to tell someone how to do something, but chances are they aren't going to change until they recognize …

12 investing books to read if you want to get rich

"On average, millionaires invest 20% of their household income each year. Their wealth isn't measured by the amount they make each year, but by how they've saved and invested over time," writes Ramit Sethi in his New York Times bestseller, "I Will Teach You To Be Rich."<p>To help you get started, we …

Will the retirement 4% rule work for you?

<i>I'm in my mid-60s and plan to retire this year. I've heard that if you want your money to last 30 years you should follow the 4% rule. But how much can I safely withdraw if I need my money to last only 20 years? --John, Connecticut</i><p>The 4% rule -- initially withdrawing 4% of retirement savings and …

Retirement

Financial planners share their best advice for saving money

Saving money is one of the most important steps people can take to bolster their financial security and plan for the future. But it's not as simple as it might seem because there are many ways to go about it.<p>A tried-and-true savings plan doesn't have to be a challenge when you've got the right …

CHARLIE MUNGER: Valeant's pricing strategy is 'deeply immoral'

Warren Buffett's right-hand man, Charlie Munger, is not a fan of the controversial pharmaceutical company Valeant.<p>According to a report from Bloomberg News, Munger called Valeant's core strategy of buying smaller pharmacies and then raising prices of their drugs "deeply immoral."<p>Bloomberg added …

Personal Finance

Could your home use a little TLC? These modern makeovers will add serious resale bang to your buck.<p>Social Security is not always a well-oiled …

Personal Finance

6 Ways to Guarantee Income in Retirement

There's nothing like having the peace of mind and security that comes from knowing you'll have steady income throughout retirement. Unless you're …

Five Best Personal Finance Books

Money advice is easy to find, but good money advice—advice you can use and take to heart—is trickier. Sure, budgeting and managing money seems easy, …

5 investing rules rich people swear by

Building wealth over time isn't something that's exclusive to the super-rich.<p>Even if you can't afford a luxurious lifestyle, it's still possible to accumulate some decent assets if you're smart about what you do with your money.<p>Taking a page out of the investing playbooks of the 1% is a step in the …

CHART: The Real Story Behind Income Inequality

Democratic presidential candidate Bernie Sanders and other liberals have recently spread misinformation about income inequality. The truth is that …

Income Inequality

This Cheat Sheet Shows You How to Prioritize Your Savings and Debt

People always seem have questions about their financial priorities: <i>Should I invest or pay off debt</i>? <i>Save in my work 401(k) or open an IRA</i>? This cheat …