Today is December 31st again. My daughter is repeating everything I say, I'm finding more gray hair and the wonderful holiday treats are making my pants tighter and tighter. It must be time to make some New Year's resolutions so we can get our lives back on track. Whenever you read articles on becoming financially fit, you read about budgets, planning, monitoring and other boring crap. Worry not, I won't mention any of these terms. I promise. So here are 3 unique and unusual tips to be financially fit in 2015!
Wall Street Strategists Don’t See an End to the Bull Market
With just 3 trading days left in 2014, it is time to look ahead to 2015. What do Wall Street strategists foresee for 2015 and should we even care?
Perhaps you are familiar with Philip Telock's landmark UC Berkeley study that looked at 82,000 predictions over 25 years by 300 leading economists. It turned out that their so called expert views were no better than random guesses, and worse, the more famous, the less accurate the prediction.
Introducing the Financial Weather Watch
At Runnymede, we believe in the famous Boy Scout motto “Be Prepared.” The Scout motto means that you are always ready to do what is necessary to help others. It also means you are ready, willing, and able to do what is necessary in any situation that comes along.
We find it odd that Wall Street has indoctrinated investors into believing that they shouldn’t be prepared (or take action) for market downturns. Just staying the course doesn’t work in all market scenarios.
Three Reasons to Combine Old 401k and IRA Accounts
It is not uncommon to have multiple 401(k) accounts after switching jobs several times over a career. According to a Fidelity survey, almost a third of people who transitioned jobs were not sure what to do with their old 401(k) or 403(b).1 Changing jobs is a busy time so thinking about what to do with your old 401(k) is often not a priority. If you are among the many busy people who have multiple retirement accounts at different firms, this post is for you.
The Winners and Losers of Falling Oil Prices
Since June, oil has been on a sharp decline from $107/barrel to $67/barrel. Thanks to slowing global growth and OPECs reluctance to cut supply, oil prices have fallen to their lowest levels since 2009. As a consumer it is wonderful to see gas prices around $2.50 again. It's been a long time coming. You often read that consumer stocks are the big beneficiaries of falling oil prices but is this truly the case? Let's take a quick look at the potential winners and losers of falling oil prices…