Where can you find the best financial advice? Ask the dead. Exit Poltergeists, enter the Lindy Effect. The Lindy Effect is the idea that the older something is, the longer it’s likely to be around in the future. Nassim Taleb gets it. “If a book has been in print for forty years, I can expect…
Our Manager’s Crazy…..When Is My Retirement?
Not knowing is the door to wisdom. Open your portal to a happy retirement by reading this week’s terrific links. How do you tell how much money you will receive from social security? Grow Teachers’ 403(b) plans are the worst. Part Gazillion. TFA Treat your savings like a bill. Motley Fool Don’t forget to live…
Six Rules For Avoiding Market Panic Attacks
“The wise man accepts his pain endures it but does not add to it.” Marcus Aurelius Imperfect markets are beyond your control. How you react to them isn’t. Panic makes the pain disappear. Unless you’re a Cyborg, reacting negatively to bad events is a feature, not a bug of human nature. Humans are just humans….
Never Been A Better Time Than Right Now…..When Is My Retirement?
The ego’s world is a lonely one. Don’t let it sabotage your retirement plans. Open your mind by reading this week’s terrific links. Despite their low yields, you still need bonds in your retirement portfolio. Morningstar Optionality is an underrated asset class. Random Roger Money will never buy happiness. Female Finance Don’t underestimate your role…
The Worst $$$ Advice Ever
Hedge Funds are the gifts that keep on giving. Many endure chiefly to finance the purchase of some partner’s sixteenth mansion in Palm Beach. Come for the underwhelming performance and stay for the high fees. Source: Seakingalpha.com Further proving the adage, you get what you don’t pay for. Most pricey hedge funds don’t beat a…
I’m Not Sick But I’m Not Well….When Is My Retirement?
Money doesn’t make you rich; it makes you secure. Keep this in mind, and your motivation for saving will increase exponentially. Start changing your attitude by reading this week’s terrific retirement links. Retirement is something new. Bloomberg Your emotions are the biggest threat to your retirement. The Reformed Broker Make the most of your crisis….
You May Love Your Work But It Doesn’t Love You Back
Who’s your master? Money and possessions are appalling candidates. People crave happiness despite looking in all the wrong places. We sell ourselves at a discount. We want what we can’t have. We don’t understand property rights. External events emerge as the source of all misery. Epictetus stated; The more we value things outside our control,…
We Must Engage And Rearrange…..When Is My Retirement?
Some perspective on Black Friday sales, Everything is 100% off if you don’t buy it. How about reading our terrific links instead? Should you sell your home because its price has increased substantially? A Wealth Of Common Sense There are ways to combat inflation in retirement. Bloomberg Here are some great sites to make your…
Nobody Likes Free Riders
Closet Indexing and legacy admissions have something in common. They both suck. Nobody likes free-riders. Closet indexing occurs when active mutual fund managers mimic the holdings of a stock or bond index. The catch- they charge egregiously high fees for this “service.” Tails they win, heads investors lose. Asset manager American Century recently was accused…
That Music’s Lost Its Taste…..When Is My Retirement?
Here’s a solution for inflation. Stop buying crap you don’t need. Funding your retirement account is a better idea. Start by reading this week’s terrific links. How much stock should you have in your retirement portfolio? A Wealth Of Common Sense Beware of annuity salespeople. Rethinking65 Overweight generosity in your retirement plan. BIG THINK Putting…
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