|Socially Responsible Investing for Good
The concept of investing according to a values or belief system is commonly called Socially Responsible Investing, stewardship investing, faith-based investing, or even green investing. When investing with social responsibility in mind, you'll have to make some decisions, beginning with: how far do you want to take it? Will it be a small part of your portfolio, or comprise the bulk? Are you willing to give up some return if necessary to accomplish good with your investments? What issues are important to you? Do you want to do the screening work yourself, or invest with a company that will do the work for you? Find out more in this installment of Erin Baehr's column "Your Money Matters."
In this installment of Erin Baehr's "Your Money Matters" column, you'll learn more about how your can watch out for your money when investing with an advisor. How do advisors get paid? What are A shares? What is a private REIT and what should I watch out for? Find out more here.
|What to Do With a Windfall
We’ve probably all entertained daydreams at one time or another of winning the lottery or having a pile of money fall from the sky into our hands. A windfall arriving in time to solve our money problems with leftovers for a shopping spree can sound very appealing.
But more often than not emotional complications are passed down along with the cash. The financial and emotional challenges of an inheritance can’t be remedied with cookie cutter advice. Here are some guidelines to help.
|New Cost Basis Rules
As part of the 2008 Emergency Economic Stabilization Act, the burden of reporting cost basis- the amount paid for an investment- begins to shift from the taxpayer to brokerage houses. While this will ultimately make reporting the sale of an investment on your tax return easier, the IRS has its own motive for the change.
|Navigating a Home Refinance
Trying to decide if it makes sense to refinance? This installment of Erin Baehr's personal finance column "Your Money Matters" can help you weigh the pros and cons.