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Dear Dave, Our son is 13, and he wants to give half the money he received for his birthday to the nursery at our church. They need new baby toys and things like that. Should we let him give that much, or should we tell him that maybe 25 per cent is e...

In Part 8 of the Bermuda Investment Primer Series, Martha Myron looks at bonds, their structures and their role in an economy. The business of insurance is the most dominant industry in Bermuda, both from an international and domestic perspective, t...

Dear Dave, I’d like to get involved in real estate investing, but I don’t have a lot of cash at present. What do you think of the idea of crowdfunding as a way to invest in real estate? — Adam Dear Adam, I’ve got a bunch of real estate, and I love i...

Dear Dave, My wife and I are debt-free, and we’re ready to start building our first home. We’re a little short on cash to make the 20 per cent down payment you recommend, but we do have a fully funded emergency fund in place. Would it be okay to take...

This week we look at five major issues that impact planning for retirement self-sufficiency and present a simple calculator to track your retirement lifestyle. There are a number of major areas where soon-to-be retirees underestimate or do not plan a...

A free pensions and savings seminar is to be held tomorrow. The event, hosted by Colonial Pension Services, part of the Colonial group of companies, will highlight the importance of financial planning for the future. Laurie Daniels, customer service ...

Dear Dave, My wife and I are debt-free except for our home, and we’re on Baby Steps 4 and 5. Recently, we were asked to make a large donation to a charity we already support. We don’t have the full cash amount they asked for on hand, and after hearin...

Do you know what it will be for you? This week and next we discuss various methods from Do-It-Yourself easy to complex modelling systems that can be used to project where you will be in retirement. First, you will need to know what the your costs fo...

This is part seven of the Bermuda Investment Primer, following the continuing launch of a Bermuda business: MamaZina Pizzarina Ltd (Mzee). A stock is a type of security that signifies ownership in a corporation and represents a claim on part of th...

Dear Dave, I’m new to you and your plan. Why do you want people to pay off the debt with the smallest balance first, instead of the one with the highest interest rate? — Courtney Dear Courtney, Simply put, because personal finance isn’t all about m...

Dear Dr. Nekia, My friends have been trying to set me up on dates with guys. I don’t mind dating but they are not happy that I have not found anyone to settle down with. I have met some nice guys, but most of them were just not ambitious or establish...

In the fall of 2007, an analyst named Meredith Whitney from a second-tier Wall Street firm would make a name for herself in the world of finance when she predicted that Citigroup was so undercapitalised and mismanaged that it would surely be forced t...