Making money and saving money is hard. But if you have some money and some time then you can do some amazing things like compounding your money or what Albert Einstein referred to as the 8th wonder of the world. But compounding can work both ways. Carrying credit card debt at predatory rates month after month is reverse compounding. Not knowing you've become that little mouse running on a wheel at Petco is painful. The average hedge fund, for example, charges 2% per year on your assets per year and then take 20% of your profits. The average mutual fund charges 1.33% on assets, according to … [Read more...]
Archives for March 2014
52-Weeks with Vanguard GNMA
Vanguard GNMA is up 2.5% year-to-date and is in the black over the past 52-weeks. It’s been a rewarding couple of months for those that have hung in there. … [Read more...]