Are 401ks Worth the Risk?

A 401k is the most common type of investment plan for retirement. They are offered through the company you work for and are composed of a mix of stocks, mutual funds, and bonds. You can change the composition periodically. Businesses offer 401ks to their employees as an incentive. A company will often match a certain percentage you put into the fund, sometimes as much as dollar for dollar.

You choose the amount of money you want to invest in a 401k. Do not think a low amount is not worth investing, especially if you are just starting out. A mere $20 a week can go a long way. 401ks are long-term investments, so it is wise gradually increase your investment. The key is to invest something.

401ks do come with some risks. Unlike a regular savings account that accrues interest, the amount of money in your 401k can fluctuate. This is due to the type of investments you put your money towards. If your 401k is comprised of primarily stocks, you can run into a dilemma where the stock market plummets and you lose a big chunk of your investment. Since the stock market is unpredictable, such an event is unforeseen.

Due to such risks, it is wise that you have a wide mix of investments. This way if one area does not do so well in a given year, another will likely compensate. It is also important that you periodically check your 401k and reallocate the investments as needed.

You should also take a look at your financial situation at least once a year to determine whether you should invest more into your retirement fund. If you’re hesitant about adding more of your paycheck to a 401k, you can also look at other options such as an individual retirement account (IRA) or a money market account. Any investment, risky as it may be, is better than not investing for retirement at all.

Lock, Stock and Barrel

There are many phrases when it comes to investing. Some are good and some are cautious. This article is about one phrase: lock, stock and barrel. What does this phrase mean? Let’s break it down and find out.

Lock: carefully check out different types of investments. Study them and make sure of what they are, what they entail and what interests you. Once you have locked in on one that you like, do an even more detailed study and make sure you understand what it is, what it is about and how much you need to invest and what the expected return can be.

Stock: Buy into the stock. There is no return unless there is a risk. Take the money you have set aside for this adventure and put it into the stock or mutual fund that you have decided on. You must move forward once you have decided. Life and fortune is not made up of what might have beens or wishes but by taking the steps to make a dream come true.

Barrel: The first thing that comes to mind in investing when you hear the word barrel is oil. It is important to know, though, that oil is not the only stock or investment out there. Admittedly, it is getting a lot of press (some good but mostly bad over the last couple of years) but investing does not mean you have to buy into oil. There are many types of investment opportunities to choose from and it is important that you know sometimes the big winners are not necessarily publicized and sometimes the big losers are not told on, either.

Make your investment decision wisely and then jump in lock, stock and bareel. Be it a corporation, a small company, the latest technology or a once in a lifetime unheard of patent, this is your money and your decision. Happy hunting!

Why Online Shopping Saves You Money

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People argue with me all the time over whether or not shopping online can really save you money. When done right, online shopping can easily save a person hundreds of dollars and that is including the shipping and handling that comes with online shopping.

It might sound amazing that shopping online really does save you all that money, but it’s a reality and hundreds of people are taking advantage of it. If you are still having a hard time believing me that online shopping can save you money, let me give you a few examples of how shopping online saves you money.

Transportation Costs. The price of gas keeps rising. Every time I look it’s up another dime or two. By shopping online I no longer have to pay for gas to get to the stores or for bus fare to get to the shopping centers. That easily saves me a bit of money.

Coupon Codes. Almost every site that offers online shopping has the capabilities to have coupon codes. In fact, if there’s a coupon code space out there you should be using it. You can save on shipping, purchases or get items for free. If you don’t have a coupon code on hand there are plenty of coupon code sites like www.offers.com that provide a list of codes for almost every shopping site online.

Cost of Eating Out. It seems that every time I go to a physical store location I end up spending more time there than I expected. This causes me to have to pick up some sort of snack or treat to carry me over throughout the day. By shopping online I don’t have to worry about snacks, I just walk to the kitchen and snack. This saves a ton of money as I didn’t need to spend it on the fast food or snacks I was picking up.

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Acceptable Resume Boosts

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Everyone wants to make a good impression on perspective employers and the resume is the first chance you get. There are stories, urban legends, TV shows, maybe even tales from friends and family, of people lying on their resume to make it look more impressive. In TV and movies, these lies usually end up resulting in comic misunderstandings, awkward situations, and eventually in touching confessions of the lie that may get the character fired at first, but often have no lasting effects by the end of the show.

Unfortunately, while TV and movies draw from real life for ideas, the real work place has consequences for submitting false information on a job application. Most employers have clauses that allow them to fire a candidate from the company for submitting false information and, when applying for government jobs, it is actually illegal. However, it is understandable that so many people try to boost their resume, not just out of a desire to appear to advantage, but because the whole point of a resume is to “put your best foot forward.” It is an acceptable practice to word your resume carefully so that a candidate’s qualifications are maximized while their shortcomings are skated over. As this half truth is accepted it is not surprising that some people take it too far.

That being said, there are some ways that are commonly accepted for boosting your resume. For example, instead of lying about your salary, if you want a pay raise, list your “total compensation” not your salary. “Total compensation” includes salary, bonuses (both past and expected), perks, and stock options. This way you can negotiate with your potential employer for what you want. Of course, if you are unemployed, you have less leverage but you can still ask for vacation days or bonuses. Negotiating is perfectly acceptable as it shows you value yourself and are willing to take initiative.

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