What Kenny Rogers Can Teach Us About Investing

Unfortunately, I got a song stuck in my head this week—Kenny Rogers’ “The Gambler.” As I had financial planning on my mind, I wondered if there was any sage advice for investors from the old gambler. I found the three main parts of the chorus held valuable lessons for approaching financial goals and objectives.

“You’ve got to know when to hold ’em. Know when to fold ’em.”

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Adjust Your Saving, Spending to Narrow Retirement Gap

It’s been a while since I was in London and rode the Underground. Passengers are warned to “mind the gap” when boarding a train.

If you have never taken a subway, that first time can be intimidating to navigate the route, figure out how to get a fare card, then determine on which side of the platform to wait. I also remember how disorienting it was to get off at my stop, go up to street level and then not know which direction to head to get to my destination.

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Closed-End Fund Might Warrant a Place In Your Portfolio

As investors continue to look for increased yield, I have noticed a lot more interest in closed-end funds. The concept of closed-end funds has been around since 1893, 30 years before the advent of open-end mutual funds and long before the introduction of exchange-traded funds. A “closed” mutual fund may be closed to all new investment or just to new investors. It may be closed permanently or just temporarily.

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Savvy Students, Families Pick Colleges With Eyes Wide Open

This recent headline in Forbes caught my attention: “Price of College Increasing Almost 8 Times Faster Than Wages.” Other headlines focus on the student-debt crisis.

A third of Americans have a college degree; they earn 56 percent more than those without a college degree. That helps explain another trend: More high school graduates are starting college. But four out of 10 will drop out without receiving a degree, making it more difficult to pay off student debt. Funding a college education is an investment and, as with any investment, there should be a positive return.

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Socially Responsible Investing Evolves, Gains Converts

Investing with a purpose. Aligning your money with your values. Investing your conscience. Funding change.These concepts all fall under the larger umbrella of socially responsible investing. The premise is that you evaluate investments from a broader lens than just financial. While this is not a new style, it is growing in popularity. Today, investors are increasingly interested in aligning their investment strategy with their values.

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