Author - Fern Alix LaRocca CFP® EA

1
Happy Valentine’s Day- Now Love your Financial Self!
2
The Basics of a Mortgage Explained
3
Never Say Never To An Investment
4
You Need to Lose Money to Make Profits
5
Refi Hell – I Almost Got Taken!

Happy Valentine’s Day- Now Love your Financial Self!

Happy Valentine’s Day !

Valentine’s Day, a day that we express our love for each other. One of the things I realized growing up in the world was that you have to love yourself first before you can love another. Wise words that everyone knows and understands. Yet we can put so many things ahead of ourselves out of love and not realize that we are limiting our ability to give more in the future.

Yes, it is love when parents sacrifice their retirement plan for their children’s education, and it is love when careers vanish in order to take …

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The Basics of a Mortgage Explained

I have been helping my brother refinance his mortgage. He, like others, have this outdated idea of the evil Adjustable Rate Mortgage. After explaining to him the differences of a fixed rate mortgage and an adjustable, he chose the adjustable.
I wrote an article for GuideVine about those differences and you can check it out here:
How to Calculate Which Mortgage is Best
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Never Say Never To An Investment

Many people think I know of a “great investment” or that I have a favorite that I use over and over again. I have been in the financial services industry now for over 30 years. (Yes, I am old.) I do have certain favorites that I prefer -for myself. My risk tolerance, my tax bracket and my goals are different from yours. That said I keep an open mind when I am working with clients. I I want to find the best investment for them, and I will use anything that I think is appropriate.

Because my clientele is not …

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You Need to Lose Money to Make Profits

Do you remember your first investment loss? What did it feel like? My first loss was a long time ago. I know so much now, but I don’t think I will ever forget the first time I lost money.

I wanted to invest some money I had saved up but knew nothing about investments. A friend hooked me up with her sister who was an insurance agent. She sold me a life insurance policy with a cash value that was a good "investment". The cash value was guaranteed by the insurance company. It sounded good to me and I signed …

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Refi Hell – I Almost Got Taken!

Like most people, I have refinanced my mortgage to get a lower rate. My previous lender was Schwab Bank and my new mortgage is with Quicken Loans. Since then, I have been flooded with information enticing me to refinance again and at an even lower rate. It is obvious to me when I read this material that even with the slightly lower rate, the fees involved would not make up the difference in interest rate so I ignore them.

Last week when my husband picked up the mail, he was excited to see an offer from Quicken Loans at a …

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