Henry Chu Hung Fong

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Your 4-Step Financial Checklist to Buying a Home

Buying a home is one of the biggest traditional mile markers in American life. Although many millennials are happy to rent, more and more members of Gen Y are finally starting to dip their toes into the waters of home ownership.<p>If you're thinking about buying a place of your own, it's important …

Personal Finance
Personal Finance

In Love? 9 Financial Facts To Know About Your Partner Before Commitment

Valentine’s Day is coming up, so engagements are on at least a few people’s minds. A 2013 study found that six million people were planning to pop the question or expecting to answer on cupid’s holiday.<p>If a major commitment is on the horizon for you and your loved one, you’ll also need to start …

Personal Finance

3 biggest challenges facing retirement savings

When considering the biggest regrets of 2014, most of us think of common year-end responses, such as what we ate and drank or spending too little …

Retirement

5 Easy Ways to Stop Wasting Money

Sometimes it can seem like money is disappearing right before your eyes. This is not magic — this is because the world is full of tricks, traps and …

5 Steps to Being Less Broke and Saving Money

(Photo: iStock)<p>Never underestimate the power of a closet-purge. For Brooklyn-based writer Chelsea Fagan, 25, it resulted in a life-changing epiphany. …

Take This Quick Financial Savvy Quiz

Retiring on time is no accident. It’s the work of long-term thinking and careful planning, whether you go about it on your own or hire an advisor to help out.<p>Even those who do hire advisors would be better served to understand the mechanics of saving and investing. Think you know a thing or two …

Stock Investing vs. Gambling: How the Right Strategy Changes Everything

Here's why long-term buy-and-hold investing is not at all like gambling.<p>One of the most common misconceptions about buying stocks is that it's akin …

Achieving Financial Freedom: How Well Do You Know Yourself?

A large part of success is in knowing yourself. This is true whether you are starting a relationship, or whether you are working towards a …

Retirement Planning

Find Out What Bill Gates Says is His No. 1 Piece of Personal Finance Advice

Bill Gates’ net worth stands at a staggering $72 billion, according to <i>Forbes</i>. Undoubtedly, Gates has achieved unprecedented financial success that …

Why do investors revere Warren Buffett?

The Oracle of Omaha has been in the investing game a long time and has solid long-term performance to show for it.<p><i>USA TODAY markets reporter Matt Krantz answers a different reader question every weekday. To submit a question, e-mail Matt at mkrantz@usatoday.com.</i><p><b>Q: Why is Warren Buffett such a</b> …

7 Best Money Tips from Warren Buffett

Chances are, you know who Warren Buffett is. He’s one of the richest men in the world, and he’s famous for his ability to spot a good investment. …

Term Life vs Whole Life Insurance: Which One is Better for You?

This is a recurring debate – should you buy insurance on the cheap, through a term policy, or should you opt for whole life insurance with its cash …

Will You Have Enough for a Comfortable Retirement?

Retirement is something that many of us worry about. Most of us want to be comfortable in retirement, commanding the resources to get what we need, …

Financial Planning | My Money | GOBankingRates

Financial planning involves much more than creating a budget, although that’s a great place to start. Your financial plan should mirror your life …

Newborn babies may be more developed than we think

My baby could not look more like a subject in a laboratory experiment. Wearing a soft white skullcap attached by long wires to an EEG machine measuring his brain activity, he is also surrounded by computer equipment and fussing researchers at University College London. "Hopefully you'll be …

The View from Up Here: Babies Learn Faster in High Chairs

Playing with those sweet potatoes again? Mashing that avocado like it’s a piece of playdough? All that gooey, messy fun could help babies learn words for things that aren’t solid.<p>Researchers have long known that babies learn language first by naming objects – table, chair, doggie, and so on. They …

30 Financial Rules That Every 30 Year-Old Should Know (or risk going broke)

<b>The BIG 3-0.</b><p>The age that you're really an adult. In your 20's, you could still swing being a bit immature.<p>Once 30 comes it's game over. And now that …

How an Individual Investor Picks Stocks

Our practical investor and columnist Kathy Kristof considers six factors when she picks stocks -- price versus earnings, growth, dividends, cash …

Investing

Preparing Your Investment Portfolio for Volatile Markets

Not to be overly pessimistic, but when Wall Street starts setting records it’s time to start hatching an Investment Plan B. Stocks can continue to …

Exclusive Interview: Dave Ramsey’s Take on Financial Literacy

We asked Dave Ramsey a few questions about the current state of financial literacy in the U.S., and what every one from college grads to soon-to-be …

6 Investment Alternatives to the Stock Market

When many of us think of investing, we think of the stock market. Perhaps, we even think about bonds. However, investing doesn’t have to be limited …

Investing

Women: Be Equal Partners In Marital Finances

In marriages, as in many kinds of partnerships, there is, more or less, a natural division of labor. For instance, in a stereotypical mid-20th century marriage, the husband typically was the one working outside the home to support the family, and the wife remained unemployed while managing the …

Warren Buffett’s Words of Wisdom for Investors

• Rule number one: Never lose money. Rule number two: Don't forget rule number one.<br>• If [investors] try to time their purchases, they will do very well …

How Do Banks Make Money?

Big banks are just like big businesses. And just like any business, banks exist to make money. But how do banks make money? Well — from your …

How to Invest in Real Estate

Many investors like the idea of investing in real estate. Real estate has the allure of being considered “tangible.” After all, you can touch it, and …

How I Maxed Out My IRA Making Just $28K

After my first summer job as a day-care assistant in high school, I followed my father’s advice and opened a Roth IRA with a $250 deposit and rosy dreams of retiring at 30 years old (hey, I was 16!).<p>Being somewhat of a perfectionist, I didn’t take this responsibility lightly. I knew from my dad’s …

10 Investing Tricks That Will Help You Outperform Most Investors

PHILADELPHIA — For all the books, articles and TV shows devoted to investing, it seems to be a difficult body of knowledge to master.<p>But what if the best investing advice is actually the simplest?<p>That’s the bet being made by a group of rabid do-it-yourself investors called the Bogleheads who are …

How to Start Investing in Stocks

If you think you are ready to start investing, it can seem daunting knowing where to begin. The following article gives you a step-by step …

Investing