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About me - Scott Reichel

Personal Finance > Investing Basics Understanding the difference between investing and gambling
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"Risk" is often identified as a key difference between investing and gambling, but risk is more accurately called a similarity. While the degree of risk varies, risk itself is present in the most conservative investments and the longest of long shot bets. The most important difference between investing and gambling is ownersh... More..

Personal Finance > Investing Basics Should you pay down your mortgage or invest the money instead?
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"Debt" is a four-letter word, safe for print, perhaps, but one that draws flinches and furrowed brows from many. For most of us, the single greatest source of debt is our home mortgage, and it is only natural to consider making an extra principal payment when finances allow. If paying down mortgage debt provides valuable peac... More..

Sports & Recreation > NBA How are odds calculated in the NBA playoffs?
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Calculating odds in the NBA playoffs comes down to a question of risk versus reward. Would you risk $100 on the Atlanta Hawks to win the NBA Championship? Probably not. But if you have a chance to win much more than $100 in return - if you are given "odds" - then there may be a level at which the reward is worth the risk. Thi... More..

Personal Finance > Stock Market Should you invest in mutual funds or individual stocks?Smallicon
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Mutual funds not only promote passive investing but also tout it as an advantage. Stock investing is not for everyone, but for those with the interest and time, it is clearly a better option. There are few times in life when we feel comfortable giving up control, especially when it comes to something as important as our long-... More..

Politics, News & Issues > Sports Archives 2008 NBA playoff predictions: What's in store for the Denver Nuggets?
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Ask people why the Denver Nuggets won't win in the playoffs, and the answers come at you like a fast break. Too many egos. Too immature. Can't play defense. Can't shoot the 3-pointer. It's true the Nuggets have found themselves bounced in the first round four consecutive years, and the odds makers and pundits are predicting f... More..

Personal Finance > Retirement Roth IRA contribution limits
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The Roth IRA is one of the most powerful retirement tools available to investors. Even small investments can benefit from the tax-free growth that this account provides. For those with ample amounts available for their retirement savings, it's important to note the annual Roth IRA contribution limits and how those limits are ... More..

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