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What If You Were Down 27%?

The Dow Jones industrial average (DJIA) rose 72.37 points, or 0.4%, to 16,576.66 on the last trading day of 2013. For the year, the index of blue-chip stocks was up 26.5% — its best performance since 1995.   The media, can sometimes be our friend or our foe.  Unfortunately, because our lives are so busy we often just get snippets and sound bites of information about our investments and money issues.   When you hear the DJIA had a banner year, your first thought is often “did my investments do as well as the stock market?” Most investors have a very short memory of their original risk tolerance, goals, or objectives when they start analyzing returns on their money.   Without setting proper expectation, banner years in the stock market like 2013 can send you into the depths of unhappiness because you may feel you missed out on a golden opportunity.  However, what happens if you were down 27% or even 33.84% as ...

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Your Kid Just Received A National Award and a $3000 Bill!

I love my kids.   I really do.  Like any parent, you get excited when they get good grades, their sports teams do well, or they achieve something special that helps you feel like you are the parent of the year.    We all know that sports aren’t cheap.  It costs time and money between the gear you have to buy, the fees to joint different leagues, and potentially extra costs for additional coaching on the side.   With good grades, their also may be time and money for extra tutor’s, computers (which seem to be a necessity today for school), and overall school supplies. But how do you let your kid down easily when they have won something and you think it’s just a gimmick for an organization to make money?    For those of you who have kids who are ten to fifteen years old, you have all run across this scenario at one time or another.    You child comes home from ...

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What to Do When You’re Robbed on Vacation

Heather Godsey was 600 miles from home when her wallet was stolen in a restroom. Godsey, from Joliet, Illinois, usually travels with half her cash and one or two credit cards at her hotel—but not on this trip. “I broke my rule at the wrong time,” she says. At least she had some rules. To prepare against an unimaginable hassle, you can take precautions before, during, and after your travels. Want more travel tips? Check out these stories. • 12 Sneaky, Slimy Travel Scams • Staying in Touch, Wirelessly (International Rates Don’t Apply) • 4 Ways to Make Calls from Overseas on a Dime Before You Go Plan on traveling light—on the finances. Keep just three or four things in your wallet: cash and traveler’s checks, a driver’s license, an American Express card and another credit card, says Ted Jenkin, co-CEO/founder of Georgia-based financial-services company oXYGen Financial. Julie Sturgeon, owner of Indiana travel agency Curing Cold Feet, suggests photocopying your ...

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