The key differences between rich and wealthy are, for some, a matter of perspective. For someone who earns $15 an hour, struggles to pay their student loans, and worries about being able to afford a car repair, the woes of someone who earns twice as much don’t seem like trouble at all. “If I had THEIR problems,” one might hear them say, “I would have NO problems.” To someone who doesn’t believe they will ever be able to earn what they feel … [Read more...]
Does Motley Fool Investment Advice Measure Up?
I’ve been using premium services for investors offered by the Motley Fool and writing about my experiences with the company’s resources, stock picks, investment advice, and tools. So when I write about these, I do it from a unique position--I’m not an expert in picking stocks and I do not invest for a living. In other words, I am a lot like a typical reader who is looking for good information about such investment tools. That means I’m not … [Read more...]
Motley Fool Premium: Is The Investment Advice Worth It?
I’ve been posting my experiences using the Motley Fool Fool Premium service. We’ve covered account setup and recommendations, but one area we haven’t covered here yet is the quality of advice you get from Fool Premium recommendations. And I’m NOT talking about specific stock recommendations, but rather the operating philosophy itself. If Motley Fool services are meant to help an investor--especially a NEW investor--make smart choices about … [Read more...]
How to Report Foreign Pension Income
Do you know how to report foreign income on your federal tax returns? The Internal Revenue Service has specific requirements for reporting this type of income on your IRS tax forms. What follows is NOT tax advice--you will need to consult a trained tax professional to discuss how you should approach the latest tax laws. You should also know that tax law changes every year and you’ll need a tax professional or an IRS representative to help you … [Read more...]
My Experiences Using The Motley Fool Stock Advisor
Here’s my personal story about using the Motley Fool Stock Advisor, which I find to be a useful tool to get started in the world of investing. If you have never invested before, it’s possible to get some good experience doing so using this advisor. Investing Without Risk? The MOST IMPORTANT thing to know about using the stock advisor is that it’s possible to side-step one of the biggest worries new investors have — getting experience in the … [Read more...]