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CNBC's million-dollar portfolio challenge begins this week. Participants can trade a fictional account of stocks and
currency. Prizes are given over each of the 10 weeks, and
then a grand prize winner is awarded a million. In 2006 I wrote a column "How Your Children Can Win the
Stock Market Game. " I'm going to use that same logic to help
you maximize your chance of winning the CNBC challenge. A balanced portfolio of a dozen exchange-traded funds (ETFs)
would be an ideal portfolio if this were real money and you
wanted the best chance of meeting your retirement goals.
[click here to read more]
09/22
First Day of Autumn
09/14
Consider a college savings plan
David John Marotta was interviewed for a recent article in Investment News magazine discussing Roth conversions and the pros and cons of recharacterizing some Roth IRA accounts in October.
Many parents are concerned about raising their children to
be financially savvy. If you want to raise kids who can
create and manage wealth, there are a handful of key life
skills every child should practice. Every kid should
practice living within a budget before leaving home, not
after. One way to provide opportunities for real world
lessons at home is to give your children some oversight of
the family budget. Just as your children need opportunities in order to develop
their athletic and academic abilities, they also need
opportunities to develop their money management skills.
[click here to read more]
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