The ABC’s of Index Funds

INDEX FUNDS ARE LIKE the overbearing producer on the set of a motion picture. You know the guy. The one who always wants to cut scenes to lower costs. The one pounding the drum for cheaper costume changes and sets. Maybe worst of all, the one who prefers recycling old standards for the soundtrack instead of creating new music. It makes the results predictable. The cost of making sure that you avoid failure is that you also never create magic.

That’s   Continue reading this post >

The ABC’s of Index Funds2011-04-21T09:00:46+00:00

How Mutual Funds Work

Committing to invest money is like finding a good script and deciding to begin production. Although there’s power in making that first decision to begin, the harder parts are still to come. So today we’re going to roll up our sleeves and get a little technical, but in a fun way!

In my last blog post we discussed mutual funds and why these tools are an excellent choice for neophyte investors. I’ve been asked some important questions since that post —   Continue reading this post >

How Mutual Funds Work2011-04-07T11:09:37+00:00

Finding the “Perfect” Investment

At some point during your career, you’ve had to make difficult choices. As artists, we’re constantly asked to choose. Do you want the part that’s more personally satisfying or the gig that pays well? Should you audition for a show that pushes the limits of your skill or the one in your wheelhouse where you’re sure to stand above the rest? These decisions are rarely fun, and yet, we know that avoiding them doesn’t make the pain recede. Rather, such   Continue reading this post >

Finding the “Perfect” Investment2011-03-24T14:18:30+00:00

Investing 101

To some, investments seem like the Las Vegas segment of a financial plan; you bet your wages on an investment and hopefully watch your chips accumulate on the road to wealth. If you ever watch cable investment networks it sometimes feels as if the average person is just a lucky investment or two away from riches. The truth, however, is that the professionals we see on television, work all day, every day tracking the market, compiling data, and using mathematical   Continue reading this post >

Investing 1012011-02-11T15:49:46+00:00

Top 5 Financial Lessons of 2010

PHILOSOPHER GEORGE SANTAYANA SAID, “Those who do not remember the past are condemned to repeat it.” That’s why, at the end of the year, I like to study the past twelve months and ask myself, what is it that I learned? Some years the answers to the question are easy, like in 2000, when the obvious moral was that the stock market doesn’t always skyrocket. In 2002, we were lucky to learn that the inverse, stock markets don’t always plummet,   Continue reading this post >

Top 5 Financial Lessons of 20102010-12-16T02:22:31+00:00

Black Friday Shopping Tips

The day after Thanksgiving, “Black Friday,” is one of the busiest shopping days of the year. I’ve often wondered why they couldn’t have come up with a better name – it always makes me think of the plague… But actually, the day received its title because it’s when retailers finally go from the “red” to the “black”, meaning that they become profitable. On this single day the malls are packed with shoppers. Every big box store offers massive deals to   Continue reading this post >

Black Friday Shopping Tips2010-11-18T12:10:28+00:00

Don’t Run—Investing is not that Scary!

Many people want to have more money—okay, everyone does. However, most people don’t know how to go about building wealth, even if they are high income earners. Their money often just sits in their bank account, because they really don’t know what to do with it or they are too afraid to take a risk. When it comes to us, the actors and artists, we also don’t want to risk losing the scant amount of money we have earned because   Continue reading this post >

Don’t Run—Investing is not that Scary!2006-07-28T12:00:02+00:00