The best investment advice often comes from books that have little to do with money. Beyond Religion: Ethics for a Whole World, by The Dalai Lama is no exception. The Dalai Lama (the term means ocean of wisdom) is the spiritual leader of Tibet. He has been in exile since 1959, driven out by the…
It’s Monday Again…..When Is My Retirement?
If the decline in the Turkish lira has a large impact on your retirement plan, you need a new plan. Read this week’s links to separate the signal from the noise. Source: Michael Batnick Three times as many people 65 and older are filing for bankruptcy compared to 1993. The New York Times Wells Fargo is at…
Hooray for Me, the Hell with You!
When my mother wanted me to be aware of someone’s self-serving nature she would say, “Hooray for me and the hell with you!” That one sentence was a much-needed warning as my tendency was to follow the Golden Rule (“Do unto others as you would have them do unto you.”). The trouble is, sometimes you…
Something for a Mid-Life or Market Crisis
Investing isn’t hard science. According to Tadas Viskanta,“The first law of finance is that there are no laws.” Part of what determines investing success is influenced by forces beyond our control. Nick Maggiulli, stated, “You need to be in the right place at the right time.” J. Paul Getty agreed: “My formula for success is rise…
It’s Monday Again…..When Is My Retirement?
Apple’s market capitalization reached $1 trillion this week but 50% of Americans have nothing saved for retirement. There are several steps you can take if your company doesn’t offer a 401(k). MarketWatch The 50/30/20 rule is an excellent strategy to save $$. Forbes 61 is the new 65 Random Roger 10 ways to make 401(k) plans…
Compounding Knowledge – Our Monthly College Planning Links
Don’t worry about college costs- Do something about it. You can start by reading this month’s links. 6 ways to lower college costs. The White Coat Investor AP and CLEP exams can reduce tuition in a big way. A Humble Dollar An excellent 529 Primer. The Art Of Manliness Just because Bill Gates didn’t graduate college…
Good Dough is Hard to Find
“…Let us not waste our time in idle discourse! Let us do something, while we have the chance….” Vladimir, Waiting for Godot by Samuel Beckett The characters in Waiting for Godot sit under a leafless tree waiting for Godot to show up and it is like groundhog’s day. Time drags out and actions repeat in…
Don’t Be A Stock Market Hooligan
The stock market is not a game and you should not act like a fan. Do this and you’re setting yourself up for a huge disappointment. It turns out being a garden variety sports fan isn’t what it’s cracked up to be. Let’s take a look at soccer fans. They tend to be a spirited…
It’s Monday Again…..When Is My Retirement?
Buying a brand new SUV or owning too much FB stock could jeopardize your retirement. Make smarter choices. Start by reading this week’s links. The new car smell comes at a very steep price. A Wealth Of Common Sense Don’t be too generous to your children with your savings. The Wall Street Journal Congress…
The Universe Doesn’t Care About Your Finances
What should terrify investors? Trade wars, the national debt, rising interest rates, Russian spies? Nope. Entropy is kryptonite for wealth creation. Entropy is the tendency of nature to pull toward chaos and disorder. We can use this formula to describe it: — or not. I prefer: “Sh*t Happens” “Whatever can go wrong, will go wrong.” “Rust never…
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