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Articles from Tracy Piercy | Selfgrowth.com
- What is "Risk Tolerance" Really? - by Submitted on Dec 02, 2008 from Tracy PiercyDictionary.com describes Risk as “the hazard or chance of loss” and Risk Tolerance as “the degree of uncertainty that an investor can handle in regards to a negative change in the value of their portfolio.” What if we combined these two definitions? Then we'd have a definition for risk ...
Views: 1229 - Are You Up Or Down? - by Submitted on Nov 03, 2008 from Tracy PiercyThere’s nothing like a dramatic move in the stock market to make people who are otherwise not very financially involved stand up and take notice – every day. Suddenly, everyone is talking about whether the market is up or down. It’s good to become more financially aware, but what do these daily ...
Views: 1432 - When Conventional Advice On Money Won't Do - by Submitted on Oct 20, 2008 from Tracy PiercyThere's nothing like a financial crisis to bring out the "talking heads" in the media. As markets toss wildly up and down, people are looking for information and answers, so financial stories have jumped out of the business sections and onto the top of the news. But, too many experts by far are ...
Views: 1066 - How To turn Money Worry Into Success - by Submitted on Aug 20, 2008 from Tracy PiercyThe some telling figures appeared in an article on Advisor.ca, an online newsletter to which I subscribe. At first, I thought it was simply showing support for the work I do as a financial educator and advisor. Yet, after pondering the statistics further, I realized there was a huge clue to ...
Views: 1072 - What Will You Splurge On? - by Submitted on Aug 07, 2008 from Tracy Piercy“I paid too much for it, but it’s worth it.” – Samuel Goldwyn Who hasn’t felt that way about a purchase from time to time? When it comes to being in control of money and sticking to a pre-set spending plan, most people feel that splurging is a bad thing. However, according to Harvard Business ...
Views: 1159 - The Many Meanings Of D.E.B.T. - by Submitted on Jul 04, 2008 from Tracy PiercyAside from the word money, in general, the word debt seems to have more emotion wrapped around it than just about any other word I know. The general theme is always the same: bad – bad – bad. According to Dictionary.com, however, it has a pretty simple definition: Something owed, such as money, ...
Views: 1103 - The Emjoyable Road To Debt Freedom - by Submitted on Jun 20, 2008 from Tracy PiercyWith summer coming up, some of us are braving the high fuel prices and driving to family gatherings or favorite vacation spots. What route would you take? Any experienced road traveler will tell you that there are two ways to go: the quick way and the enjoyable way. The quick way usually ...
Views: 1055 - The Entitlement Epidemic: Eroding Our Financial Future? - by Submitted on May 23, 2008 from Tracy PiercyToday, it seems all too common that young people have very little appreciation for the concept of “work ethic”. The implications of this as it relates to the near crisis financial statistics in North America are huge. Jobs are prolific and as a result, many young people don't seem to ...
Views: 1469 - How To Build, Manage, and Maintain Wealth - by Submitted on May 06, 2008 from Tracy PiercyYou've tried making more money. You've tried cutting back on expenses. You've tried borrowing and consolidating. You've tried some sure-fire quick fixes. You've denied the situation and justified it because others are in the same situation or worse. And besides, when the kids move out, go ...
Views: 2314(9 votes) - Just Saving Money Will Keep You Broke - by Submitted on May 06, 2008 from Tracy PiercyThe tax rebate checks under the Bush administration's economic stimulus plan won't do any good if people simply put them in the bank. Last week, an online article in the Wall Street Journal claimed that we need to save more money - even if the interest on the savings won't keep up with ...
Views: 1085 - Treasure Hunting - by Submitted on Apr 17, 2008 from Tracy PiercyI'm a financial educator by calling and by profession. But when you get to know me and my family, you will discover fairly quickly that we are collectors of old, fun or unusual things. Some people might call it junk, and in fact that's exactly where my husband finds many of our treasures - in ...
Views: 842 - 3 Simple Principles Of Financial Decision Making - by Submitted on Apr 11, 2008 from Tracy PiercyA successful investor friend of mine recently invited me to hear a well-known tax professional speak on strategies to minimize your tax bill. The presenter spoke for an hour about simple strategies, and then he offered the audience an opportunity to purchase what he described as a “no brainer” ...
Views: 2312 - How To Reach Your Retirement Goals - by Submitted on Apr 11, 2008 from Tracy PiercyWhen I was a practicing investment advisor I specialized in retirement planning. I would meet with my clients, review their savings and investments, and discuss their goals. Our discussion would involve how much money they wanted in their retirement and how I could help them by managing their ...
Views: 1100 - Mend Your Money Mistakes - by Submitted on Apr 11, 2008 from Tracy PiercyDon't tell me you haven't made any money mistakes - better yet, don't tell yourself you haven't made any money mistakes. Everyone makes them and I don't mean just the big ones - on a day-to-day basis, we are all guilty of making money decisions that are not supportive of our bigger vision for ...
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