Learning to be financially disciplined can set you on the right path to successful long-term investing. Long-term investors enjoy the benefits of compounding, as well as lowering taxes and commission costs.
Personal finance for seniors for dummies
by Eric Tyson and Bob Carlson.
Hoboken, NJ : Wiley Pub., c2010.
This helpful guide addresses the unique financial opportunities and challenges Baby Boomers will face as they enter their golden years.
Common sense economics : what everyone should know about wealth and prosperity
James D. Gwartney ... [et al.].
New York : St. Martin's Press, 2010.
“The authors tell us what everyone should know about economics in language we can all understand. It’s refreshing when four of the best in the profession avoid the all-too-common practice of writing in a code that only other economists can comprehend.” ---Robert McTeer, former president of the Federal Reserve Bank of DallasWith the global economy recovering from a steep recession, those who fail to grasp basic economic principles such as gains from trade, the role of profit and loss, and the secondary effects of government spending, taxes, and borrowing risk falling behind in their professional careers--even their personal lives.Common Sense Economicsdiscusses key principles and uses them to show how to make wise personal and policy choices.This new edition of a classic, with reflections on the recent recession and the policy response to it, illuminates our world and what might be done to make it better.
Retirement breakthrough : the safe, secure way to guaranteed income you can't outlive--in any economy
Austin, TX : Greenleaf Book Group Press, c2010.
Searching for a safe, sane, proven way to a secure your retirement? Look no further than Retirement Breakthrough. This easy-to-follow, comprehensive guide is packed with financial wisdom relevant for today's turbulent times. This book delivers the key information that will help you breakthrough to a world of financial possibilitiesall within your grasp. Relying on more than forty-five years of experience as a financial consultant, Dick Duff explains how anyone can use sophisticated financial planning concepts usually reserved for America's wealthiest. These techniques will help guarantee that your retirement income comes on time and all the time. If the idea of annuities, IRAs, and retirement intimidate you, let this book be your income bible. Retirement Breakthrough can help you build peace of mind that will last a lifetime.
One of the basic tenets of investing is diversification. An investment portfolio should not be just one opportunity. Instead, consider owning a mix of large-, small-, and medium-cap stocks and mutual funds, as well as some fixed-income securities (bonds).
Make your own investment decisions based on research.
- Review stocks past 52-week charts.
- Regularly read financial publications.
- Checkout independent research sources
- Use information from Missouri's Secretary of State.
You want to solidify your financial future. Be aware of opportunities available for creating or increasing retirement savings. Start changing your investing habits in order to provide for retirement years.
Get into the habit of saving money on a regular schedule. Saving as little as only $25/month is a beginning. Little steps do add up. Should you consult a financial planner? A qualified planner will help help you customize long-term investing for retirement by asking you to consider:
- When can I afford to retire?
- Will I have enough saved by retirement?
- How much can I spend in retirement?
- Which investments are best for me?
No matter what you decide to do for long-term investment, within a short period of time, your dollars hopefully will multiply. It is never to late, or too early, to start a long-term investment plan!
Article by: St. Louis Public Library staff