Category: Build Assets

June 24, 2025 Off

DIY or Disaster? When to Tackle Home Projects Yourself

By The Admiral Staff

The article discusses whether homeowners should DIY home projects or hire professionals. While some tasks, like changing light fixtures, outlets, or identifying simple maintenance issues, are manageable for those with basic skills and caution (including using safety tools like receptacle testers and voltage detectors), others are best left to the pros. Projects involving electrical panels, 220 circuits, load-bearing walls, or complex waterproofing (like retiling showers) carry significant risks and require expertise. Ultimately, the article emphasizes the importance of assessing

June 13, 2025 Off

Coin Collector’s Guide: Avoid These Costly Mistakes

By The Admiral Staff

To protect the value of your coin collection, avoid these common mistakes: don’t clean coins with household products or store them in PVC holders, control humidity, and avoid overpaying for polished coins. Other pitfalls include assuming age equals value, touching coins with bare hands, neglecting provenance records, failing to verify authenticity, breaking up original coin sets, forgoing insurance, and solely focusing on U.S. coins.

June 9, 2025 Off

Unlocking Deals: How Economic Downturns Fuel Government Auctions

By The Admiral Staff

During economic downturns, government auctions increase due to a surge in foreclosures, business closures, and asset forfeitures. Agencies like the U.S. Marshals Service and FDIC sell surplus, seized, or foreclosed propertiesβ€”ranging from real estate and vehicles to jewelry and equipmentβ€”to recoup losses and manage inventory. These auctions offer potential buyers discounted assets, while governments generate revenue and reduce storage costs. Thorough research and due diligence are essential for navigating these auctions successfully.

June 3, 2025 Off

Unlock Your Financial Future: The Perfect Portfolio Strategy

By The Admiral Staff

The article introduces “The Perfect Portfolio,” a simple, diversified investment strategy using index funds, bonds, and other assets designed to reduce risk and grow wealth over time. It’s adaptable to different risk tolerances (aggressive, moderate, conservative) and can be started with as little as $25-$50 a month. The strategy emphasizes consistency, automated deposits, and periodic rebalancing, demonstrating potential for long-term growth even through market volatilityβ€”an example being a $100/month

May 28, 2025 Off

Never Too Late: Retirement Savings After 70

By The Admiral Staff

There is no age limit for contributing to an IRA as long as you have earned income. Contributions are limited to $7,000 in 2024, plus an additional $1,000 catch-up contribution for those over 50. Traditional IRAs require you to begin taking required minimum distributions (RMDs) at age 73, while Roth IRAs do not while you own them. Tax deductibility of contributions depends on income limits, which vary