Save, save, save to retire at early age and more bits…

Credit: Laurence Simon via flickr

Credit: Laurence Simon via flickr

  • Save, save, save to retire at early age (timesunion.com): Think millionaires are the only ones who can retire early? Think again. You, too, can do this. Rather than coming from a lifetime of privilege, Americans who plan to retire early were found to share a few key traits that are helping them reach their goal, according to an online study of 4,500 Americans by Allianz Life Insurance Company of North America.
  • Motley Fool: Learn investing basics from books, websites (Motley Fool via The Columbus Dispatch):
    • Q: What’s the best way to start investing in stocks if you don’t know much about it and don’t have much money?
    • A: A great way to begin is simply to start learning more about it. You don’t want to be nervous and uneasy about where you’re putting your few available dollars. Books such as The Little Book of Common Sense Investing by John Bogle and The Five Rules for Successful Stock Investing by Pat Dorsey can help you understand the world of stocks and mutual funds.
  • Buffett on investing (Napa Valley Register): “Is there anyone anywhere who has more nicknames than Warren Buffett? Vanity Fair calls him the Forrest Gump of finance. He’s been dubbed the Oracle of Omaha, Omaha’s plain dealer, the corn-fed capitalist, St. Warren and the financial world’s Will Rogers,” said Janet Lowe in the introduction to her book “Warren Buffett Speaks: Wit and Wisdom From the World’s Greatest Investor.” Needless to say, I like Warren Buffett. He’s as much of an enigma as he is a financial genius. Buffett was born Aug. 30, 1930, in Omaha, Nebraska. He attended grade school there, but attended junior high and high school in Washington, D.C., after his father was elected to Congress. Warren dropped out of the University of Pennsylvania’s Wharton School and finished his degree at the University of Nebraska. He was accepted at Columbia where he met and was mentored by Benjamin Graham, the investment fundamentalist. The investment world doesn’t necessarily hang on every word from the mouth of Warren Buffett, but it does listen. Here are a few excerpts of Mr. Buffett’s wit and wisdom: “Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.”
  • How Your Emotions Get in the Way of Smart Investing (Wall St. Journal): Ask investors what they want from their investments, and most will say the answer is obvious: They want profits. Their answer may be obvious, but it probably isn’t true. Inside all of us are wants we don’t always express or often even are aware of. When we make decisions about our money, we are often looking to satisfy those hidden emotional desires instead of doing what we say we’re doing—seeking out the best return possible. But not being aware of these hidden wants can lead us to make potentially devastating errors that can hurt us both emotionally and financially.

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