Amanda Stanhaus

Tag: investing

Rebalancing my Portfolio

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Traditionally, January is when I reassess my portfolio and adjust it to match my needs for the upcoming year(s). But with so many factors up in the air, I decided to stay put until I had more clarity about what my year would look like financially.

I knew rent would be my biggest expense, and I didn’t know how much it would be until I found my new place and autographed the lease.

Now that’s out of the way…I ask myself even more questions about my $$ this year.

When I have answered these questions to the best of my abilities, I create my action plan, move my $$, and rebalancing accomplished.

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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)

New Year’s Resolutions

Whizz! 2013 flew by.

Yikes! 2014 is almost here.

I have lots of big dreams for 2014…I’m not ready to broadcast them yet…they will be reality soon enough!

But in regards to mundane money management—and growth— I’m going to have fun with it!

Organized by category, here are my realistic—yet fun—New Year’s resolutions.

Essentials

The ideal is to pay my credit card in full each month. I’m going to break it down and pay off my balance each Sunday. If successful, I will celebrate by going out for a Sunday nightcap!

Milestones

I’m still saving up for my Vespa. In addition to my automatic saving system, whenever I walk somewhere, the public transit fare I saved will be placed in a jar for safe keeping. The more I walk, the sooner my Vespa will be mine!

Investing

Reading in full my monthly investment statements is no easy task. Eating coconut creme cookies constantly is the easiest task I can imagine. So I am going to mix the two. I will treat myself to coconut creme cookies once a month when I read the investment statements.

Insurance

While I am still on my parents health insurance plan since I am pre-26, I do want check out these exchanges everyone is talking about.  Not that I want to buy my own health insurance until I’m 26…so I will religiously attend weekly family dinners.

Oops

Just like I am able to spot my friends’ future husbands (unfortunately, only my friend’s, not mine), I want to spot my oopses before they happen..  If the potential oops has to do with being frugal, I will ask myself, what would Warren Buffett do? And If the potential oops has to do with being fabulous, I will ask myself, what would Helen Gurley Brown do?

Convo (By: Birdie)

Just like Bettie is making financial literacy fun, I am going to break the mold of the grumpy academic economist and be the world’s first PR-perfect conversational economist. I’ll build my fan base here by translating the economic news of the week into key takeaways to provide a bird’s eye view!

O Canada (By: Belle)

Inspired by Bettie, I will do a monthly review of my RRSP while eating maple creme cookies. And when the review is fini, c’est fini avec the cookies!

Happy New Year! Best of luck with your realistic resolutions!

(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)

Discount broker

broker’s services are on sale. I can get what I pay for though.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Dollar-cost averaging

Buying the same dollar amount of a security regularly (usually monthly) regardless of the price. More is bought when the price is low and less is bought when the price is high.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Shopping = Diversifying

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I have an obsession with two clothing categories. Coats and lingerie.

I’ll go into detail about the former, as the latter are unmentionables.

I’m prepared for anything. Pink-striped raincoat. Green suede bolero. Black surprisingly-slim puffer. Gold evening coat. Etc.

My $$ needs to be similarly prepared for anything. As a stock maven would say, diversify.

Bonds for rainy days. Growth stock for the chance to buy a fur one day, not so far away.Value stocks so my heiresses can buy their own coat collection.

I rebalance my asset allocation if I move to a new climate or I gain a few too many lbs. And similarly, if my time frame or investment objectives change.

If my man asks what I’m up to when I’m out shopping, I’ve learned to say I’m diversifying!

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(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)

Income

Raking it in! Traditionally comes from working. Investments can pay this too.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Index Investing

Returns are based on market returns. Watch out, it’s expensive to recreate the index.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Management Expense Ratio

MER. How much does it cost to operate a mutual fund?

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Market Capitalization

=Share price multiplied by # of shares.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)

Market Timing

Perfect timing. Other than in my mother’s eyes, hard to do.

(Originally published on Amanda Stanhaus’s financial literacy vocab blog: XO, Bettie Vocab.)