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The psychology surrounding stock-market declines and recoveries is fascinating. Any time markets retreat even a little bit, the noise surrounding the event begins to swell. Given how frequently markets twist and turn, you might expect people would be...

Dear Dave, I have my own small business. My annual sales are just over $100,000, and I have a couple of months in administrative and general expenses set aside. Should I have an emergency fund for my company, too? If so, how much? — Taylor Dear Tayl...

Think of making a budget like spring-cleaning: it’s a great way to get things in order around your house, and you’ll feel so much better after it’s done. I know lots of people think of a budget as something that limits freedom (I know because I was o...

Dear Dave, I’m an admissions counsellor for a university, and I make $37,000 a year. I spend a lot of time on the road, and I’m trying to get out of debt, but I have one credit card I’m still using for travel expenses. The university refunds me for t...

Dear Dave, I’m getting married this summer and about become a stepfather, but my fiancée’s daughter from a previous marriage seems very irresponsible. She’s 20 and lives at home, has trouble holding a job, and she doesn’t really want to work. When sh...

What can we learn from the case of someone who turned $100,000 in short-dated call options into a $2.5 million profit? As detailed in MarketWatch earlier this month, trader Steve Oliverez was pretty sure the Republican tax overhaul was going to be ap...

Dear Dave, I’ve heard you tell people to avoid debt consolidation companies. Why do you think debt consolidation is such a bad thing? — Tom Dear Tom, The main reason is that debt consolidation makes you feel like you did something to really change y...

Has anyone ever told you, “do what you love, and you’ll never work another day in your life?” But here’s the thing, you can’t do what you love unless you know what you’re passionate about. I have the best job in the world. As a certified business co...

Dear Dave, Recently, the garage where I worked for a long time went out of business. I have a lot of my own tools, and I was thinking about taking out a loan of around $20,000 to buy a few extra tools I need to open my own garage. It’s always been a ...

NEW YORK (Bloomberg Opinion) — The concept of the American dream, upward mobility achieved through hard work, still exists, says Neil Dwane. The surprise is that it has emigrated to China. Dwane, a portfolio manager and global strategist with Allianz...