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Beating Your Broker’s Commissions

Fees are one of the greatest enemies to your investments. High fees will erode your earnings… take a little bit of your money at a time… and add up to tens or even hundreds of thousands of dollars over the years. When you’re looking for a good broker, you want low commission costs so you’re only paying out a tiny percentage in annual fees. And the good news is that the state of investing today is much, much better than it was even…

Get Paid to Recycle This Spring

It’s already feeling like spring here in Baltimore. And some people in the office have been taking advantage of the unseasonably warm weather by getting a head start on their spring cleaning. All that cleaning comes with a lot of trash. And if you’re like me, you might have a stockpile of old, dead batteries. What do you do with them? Most regular alkaline batteries (like we use in remotes, toys, and smoke alarms) are now safe for your typical trash disposal. That’s…

Building Wealth

How This Ratio Can Dramatically Increase Your Income Every Year

Most people who call themselves “investors” really aren’t. The average “investor” is really a trader. He buys a stock with the hope that at some point in the future, he’ll find someone who’ll buy it for more than he paid. He’s trying to time the market. “Buy low and sell high,” right? More often, however, people can’t stand the uncertainty. Watching the market flip and flop all over the place leads to bad decisions. People buy high and sell low. But there’s an…

Spending Wisely

Why I Forgave a Big Debt

Doc’s note: Emotional investing is a recipe for disaster. Longtime readers know getting attached to an investment is a quick way to lose money. One of the most emotional investment decisions you could ever make is loaning money to a friend or family member. Today, my friend and colleague Steve Sjuggerud talks about the pitfalls of loaning money to a friend… and how he decided to end it. *** “Never loan money to your friends. It’s a good way…

Ask Doc

How to Find the Next Winning Stock, No Shortcuts Here

When I recommend a stock in Retirement Millionaire, I focus on income and whether the company has a long history of growing revenues… Stocks like Berkshire Hathaway (BRK-B), up 192% since we added it to our model portfolio, Johnson & Johnson (JNJ), up 123%, and Microsoft (MSFT), up 165%… These businesses will help you generate safe and steady income over time. And I believe they should make up what I call the “backbone” of your portfolio. Of course, these backbone stocks aren’t the…

Retirement hacks to dramatically improve your life.

Living Well

Four Easy Ways to Relieve Your Aching Back

Back pain is dangerously overtreated“… we wrote last July in our issue, “Is Your Back Aching?” We pointed out the problem of using medication to overtreat folks with lower-back pain… instead of finding relief through simple stretching, massage, and exercise. I love when we get validation… Last week, the American College of Physicians (“ACP”) issued a new guideline for doctors. Their verdict: treat back pain with other therapies before writing a prescription. The ACP evaluates hundreds of randomized, controlled trials (our gold standard…

Travel

Five Savings Secrets for Your Holiday Travel

It’s not even Halloween, yet you can already find Thanksgiving and Christmas decorations on store shelves. And while you might not be ready to think about the 2016 holiday season, you should if you’re planning to travel. Whether you’re driving or flying, we’ve got tips to save you money and hassle this year… 1. Pay less at the pump. Over the summer, my family and I vacationed in Raleigh, North Carolina. On our way to the airport…