Fund Hot News

The current year’s 401k contribution limits determine how much money you are entitled to contribute to your 401k plans for the entire year. This means the collective total of contributions to all 401k plans in your name cannot exceed this maximum amount. It even includes Roth 401k plans in the same total.

There are two numbers you need to collect before determining your personal maximum contribution limit. First, find out how much of your salary your employer’s plan will allow you to contribute. For example, if your employer has set up a plan that allows you to contribute up to 10% of your salary and you make $45,000 for 2009, then your employer’s limit will be a yearly contribution up to $4,500. Continue reading ‘What Are the 2009 401K Limits?’ »

Whenever anybody asks me for advice on learning about the stock market I immediately ask if they’ve read How to Make Money in Stocks by William O’Neil. In my opinion, if you read only one book on investing it should be this one. I credit this book with changing my whole approach to investing. Before I read it I had no idea how to use stock charts or even what to look for in a company’s fundamentals. O’Neil teaches that and much more in the book.

The book begins with an explanation of O’Neil’s CANSLIM methodology. In short CANSLIM is the result of O’Neil’s study of some of the greatest winning stocks in the history of the market. CANSLIM is an acronym, and each letter represents one of the seven characteristics that O’Neil found that those great winning stocks had in common. Continue reading ‘How to Make Money in Stocks in 2009’ »