Barbara Friedberg's Blog: Barbara Friedberg Personal Finance, page 8

What Is True Wealth? You Are Wealthier Than You Think

Wealth Means so Much More Than Money

Wealth is typically associated with money. Many believe that if you have true wealth, then you have a lot of money. But, according to dictioinary.com, the definition of wealth is multidimensional :

“A great quantity or store of money, valuable possessions, property, or other riches.”“An abundance or profusion of anything; plentiful amount”

In fact, it’s said that one of the fastest ways to become wealthy is to desire less. Simply, the less you need o...

30 Fun Ways to Make Money in the Summer

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Students, Teachers & Adults-Have Fun Making Money This Summer

Making money in the summer time is always good – the days are longer, people seem to be in better moods, and there are some excellent seasonal places to apply for. Before signing yourself up for a seasonal restaurant job, though, try one of these 29 + 1 more, fun ways to make money this summer! The early you begin your summer money-making plan, the greater success you’ll have.

1. S...

Best Inverse ETFs That Short The Market 2022 – Sector Picks

Investors anticipating a bear market, when stock prices fall, might be wondering, “How do I profit from declining asset prices?” After more than a decade-long bull market, a turnaround is bound to occur. Short or inverse ETFs might be the way to profit when markets fall.

What is Short Selling?

Short selling is an advanced investment strategy and requires you to open a margin account. Investors, who think an asset or market index will decline in price, attempt to profit by selling short...

8 Steps To Creating A Diversified Index Fund Investment Portfolio

How to Create a Diversified Index Fund Portfolio?

The advantage of structuring a diversified index fund DIY portfolio is that once it’s complete, it requires minimal attention. Annual rebalancing and updating prices, dividends and capital gains and you’re done managing your investments. 

Taking control of your investing today eliminates financial worries tomorrow.

Investing is for Long Term Goals

Invest today to have money for your future wants and needs.

Investing is only for lon...

Should I Buy A Rolex? Pros and Cons

“Henceforth I ask not good fortune. I myself am good fortune.” Walt Whitman

Walt Whitman would fit in well with the “simplicity-frugal movement” of today. And the famous Walden Pond, by Thoreau inspired me to appreciate the simplest pleasures in life. Both Whitman and Thoreau’s writing exude self possession, contentment, and the joy of living. This may sound a bit idealistic, but in the last reality, isn’t it really what most of us look for; wealth in life, not just money.

Do You Reall...

Should I Pay Off My Mortgage or Invest in the Stock Market?

A reader asked, “Am I better off making extra payments on my mortgage at 2.9% or investing the money in the stock market?”

Perhaps you had a big win in the stock or crypto market, netting you some extra capital. Or perhaps your living expenses have recently dropped, improving your financial situation. Naturally, you want to put that extra cash to work for you. So, you might be thinking “Which is better, paying off your mortgage or investing.”

Should I Pay Off My Mortgage or Invest in the M...

Conservative Options Strategies | Boost Total Investment Returns

Conservative Options Strategies That Might Be Safer Than Stocks

A stigma attached to options is that they are extremely risky financial instruments. The truth is that options are only as risky as the strategy built from them. You can actually create a highly conservative strategy with options despite their risky stereotype, resulting in a position that is even safer than a pure long stock position.

Option Investing Can Increase Your Overall Returns

Buying a call option gives you con...

10 Best Alternative Investments Right Now

Stock Market Alternatives-Why Alternative High Yield Investments Might be for you

What are alternative investments? The set of correct answers to this question is extremely large. Alternative investment examples range from cryptocurrencies such as Bitcoin to shares in a private company. Essentially, any investment you make without going through one of the major stock, bond, or commodity exchanges can be considered an alternative investment.

Alternative investments attract investors w...

Strategic vs. Tactical vs. Dynamic Asset Allocation

Before creating a portfolio, you need an asset allocation strategy. Specifically, you need to know whether to allocate your assets in a strategic, dynamic, or tactical method. All methods can move your portfolio toward the ultimate goal of diversification. But your financial goals, investment skill, personal risk appetite and aggressiveness in seeking rewards will inevitably push you toward one asset allocation model over the other. Once you understand the differences between the dynamic, strate...

Should I Buy A Bitcoin ETF?

Should I Invest in Cryptocurrency at all?

Before tackling whether you should buy a Bitcoin ETF or whether you should invest in cryptocurrency at all, let’s examine the cryptocurrency and Bitcoin landscape. In fact, before making any investment, you need to understand what you’re investing in and whether that investment fits in with your financial goals, risk level and time horizon. 

We’ll explore the definition of Bitcoin along with it’s pros and cons. Then you’ll find ways to invest in Bi...