Below are my favourite personal finance week for this week. Enjoy.
- Is Stock Diversification Actually Important for Your Investment Portfolio
To diversify or not, that is the question. The topic of diversification is one that divides opinions among well-respected financial experts and successful investors.
On the one hand are those who believe that diversification is for those who don’t know what they are doing. On the other hand are those who insist that diversification is crucial to maximize return relative to risk.
In this article, Joshua Rodriguez, writing for Money Crashers, examines the arguments on both sides. He outlines three factors that will help every investor decide whether to diversify or not.
It is a must-read.
Read the article here: https://www.moneycrashers.com/stock-diversification-investment-portfolio/
- 3 401(k) Withdrawal Rules That Will help Your Retirement Savings Last
When, where, and how you withdraw from your 401(k) can have massive impacts on your finance. While a strategy like the 4% rule works, it is not flexible enough to cater to the changing situations in retirement.
In this article, Katie Brockman outlines three rules that will make your retirement savings last longer. He suggests that you do not stick rigidly to the 4% rule but rather consider the spending volatility in retirement. Second, he advises that you consider minimum retirement withdrawals when formulating your withdrawal strategy. Third, consider how the state you reside will affect your taxes.
- 12 Ways to Increase Rental Income from your Vacation Home
A vacation home can be a huge asset if you approach it with a business mindset. Here, G, Brian Davis, writing for Money Crashers highlights twelve ways you can increase rental income from your vacation home.
Some of the strategies he suggests include strategic fixes, automating guest stay, crafting a killer listing, employing pet-friendly policies, optimizing for search engine, and considering co-hosting.
This is a must-read if you own a vacation home.
Read the article here: https://www.moneycrashers.com/increase-rental-income-vacation-home/
- You are still playing the Credit Card Game!
What should you do if you have $30,000 in credit card debt, $8,000 in car loan debt, and $20,000 in emergency funds?
This was the dilemma of a 27-year old woman who called in to the Dave Ramsey show. She is also vacillating between two job offers – a salary based offer without life insurance and a commissions-based job with life insurance.
In this video, the hosts at the Dave Ramsey show gives her practical advice that should resonate with anyone battling with credit card debt. They don’t attempt to pamper the listener; instead, they come out straight with the right path to tread.
If you are in a similar situation or know someone like that, please watch this video.
Watch the video here: https://www.youtube.com/watch?v=-pljxBniIB4&t=354s
- INTEL Stock vs AMD Stock
Tech enthusiasts have probably had arguments over the years about Intel and AMD – the two giant manufacturers of processors. However, for investors who are tech stock enthusiasts, comparing the stocks of both companies is a useful exercise.
That is what Simranpal Singh does in this video. In the past week, Intel’s stock fell by 16%, and AMD’s rose by 16%. He analyzes the situation and then goes deeper to evaluate the fundamentals of both companies. Which one should you buy? Find out below.
Watch the video here: https://www.youtube.com/watch?v=nGx9MFQ-9q4&t=5s