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New Free Report: Inflation History – The Rise and Fall of the U.S. Dollar
February 16th, 201104:00 PM ETBy Joseph SlifeThe economic events of the past two years, and the government's response to them, have many wondering how long it will be before inflation returns — and how strong it will be. The Obama administration's new budget, released this week, projects a 2011 budget deficit of $1.6 trillion dollars and a doubling of the national debt—from $9 trillion t... -
And the Forecast Calls For...
January 13th, 201109:48 AM ETBy Joseph SlifeHere in Georgia where I live, we got six inches of snow Monday morning. Very unusual for this part of the country. But the weather forecasters were dead-on in their predictions, so we were prepared and are now cozy here with plenty of provisions and, if need be, a back-up source of heat. The folks who forecast weather for a living are usually ... -
Resolve to Save More in 2011
January 06th, 201102:28 PM ETBy Joseph SlifeBuilding a savings reserve is one of the best things you can do for your long-term financial health. And the beginning of a new year is a great time to get started — or to start saving more than you have been. The easiest way to save steadily is to have some of your income set aside automatically before you have the opportunity to spend it! H... -
Free Report: IRAs, 401(k)s and Social Security: A Retirement Planning Primer
October 25th, 201010:28 AM ETBy Joseph SlifeSMI has never endorsed the idea that when people arrive at certain age they should give up all productive endeavors and go spend every day on the golf course or at the lake. We think a person's later years can be spent in all kinds of productive enterprises, especially those that relate to strengthening family ties and advancing the Kingdom of God.... -
In God We Trust - Uh, Don't We?
October 14th, 201002:15 PM ETBy Joseph SlifeHave you ever played that game where one person has to close her eyes, fold her arms over her chest, and fall backward into the arms of friends or co-workers? It's called the "Trust Fall." If you're the person falling backward, you have to trust that the folks behind you are going to catch you so you don't hit the ground. I thought of that game wh... -
The (overdraft) protection racket
June 18th, 201011:33 AM ETBy Joseph Slife"We're willing to offer protection - for a fee. But if you want it, you'll have to sign up." That's the message many banks and credit unions are sending to their debit-card customers, as implementation nears for new Federal Reserve rules (PDF) on debit card overdrafts. You may be told that you will lose "important protections" or "a valuable safe... -
Can ignorance be bliss?
May 24th, 201002:00 PM ETBy Joseph SlifeIn September 2008, just before all panic began to break loose in the markets and the economy, the SMI newsletter featured an article titled, Don't Look!: Blissful Ignorance Can Be Your Investing Ally. Key paragraphs: Unless you just happen to like high levels of stress, it simply doesn't pay to follow the daily movements of your portfolio. Sur... -
Harmful rule changes ahead for Education Savings Accounts?
April 28th, 201005:05 PM ETBy Joseph SlifeOne irritating thing about taxes - and anything related to taxes - is that the rules change with annoying frequency. Case in point: several changes are likely to be forthcoming at year's end for tax-favored Coverdell Education Savings Accounts (ESAs). Certain provisions enacted by a Republican-led Congress in 2001 are set to expire, and at thi... -
Foolish talk
April 01st, 201012:34 PM ETBy Joseph SlifeThis is April Fools' Day, but of course we're much too mature at Sound Mind Investing to play silly pranks on each other (ahem). Instead, we have engaged ourselves in a high-minded philosophical discussion of foolishness, recalling famous quotes about fools. Here are three you'll probably recognize: "A fool and his money are soon parted" (Engli... -
It's a guy thing: Study shows men more likely to sell at market lows
March 18th, 201010:21 AM ETBy Joseph SlifeOkay, guys. Show some backbone. Or some patience. Or stop being so overconfident. A study from Vanguard (released late in 2009 but picked up last week in the New York Times) shows that during the market downturn of '08 and early '09, men were much more likely than women to sell their shares at stock market lows, rather than patiently waiting for a...
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