What’s the most deadly financial mental illness? Introducing –  exponential growth bias. Many can’t comprehend the basic premise of compounding – reinvesting interest on interest. Its effects are devastating. According to The Wall Street Journal,  “Research shows that this bias matters: Households with a stronger bias tend to save less and borrow more. They have…

Recently, I got to sit down with YouTube sensation Yanely Espinal on her popular MissBeHelpful channel.  We covered a wide range of topics concerning teachers and their mostly hideous 403(b) plans. Included in our chat: Why are variable annuities the most expensive way on the planet to own a mutual fund? Are you stupid because…

Money is a ticket. Purchase happiness or count your daily beans. The choice is yours. Our recent trip to Italy confirmed the data presented by the likes of Brian Portnoy and Daniel Crosby. No need for fancy charts or psychologist’s white papers. Italians get it and do it. All isn’t perfect. Italy is a fiscal…

Forecasting the short term movements of the markets is virtually impossible. This tidbit hasn’t stopped people from trying Making money from failed predictions is a big-time business. We are still waiting for hyperinflation and skyrocketing gold prices the “experts” warned us about from all that money printing From Dow 36,000 to Bitcoin $100,000, so-called experts…