Listen to any advice on retirement planning, and you hear: Dollar Cost Averaging, it’s good for you. Most personal finance software support it in one form or another. It goes like this: if you accumulate equities (stocks) for your retirement account, and spend a fixed amount each month, you will be ahead of someone who [...]
Archive for November, 2011
Stocks: Dollar Cost Averaging
Posted in Investments, Retirement, Stocks, tagged AceMoney, averaging, investments, retirement, stocks on November 10, 2011 | 1 Comment »
Borrowing Like a Pro
Posted in Debt, Interest, tagged AceMoney, APR, cost, credit, debt, mortgage, rate on November 8, 2011 | Leave a Comment »
Advice on debt usually states: pay the highest interest debt first. Personal finance software gives the same advice – prioritize paying off the most expensive debt. The question is – why take on expensive debt when cheaper debt exists? Consider John: he has a 200K mortgage at 5% (tax-deductible, so it’s really closer to 4%), a [...]
