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…
It’s Monday Again…..When Is My Retirement?
It’s not easy to save $1 million in your 401(k) plan. It’s even harder if you’re not reading our weekly retirement links. The earlier you start saving, the less you need to worry about returns. A Wealth Of Common Sense You might be able to withdraw more from your retirement account than you think. MarketWatch…
Never Underweight Humility
Our sons have been playing in a summer basketball league and have entered the playoff season. The first opponent they faced was a team they had beaten easily during the regular season. “They don’t know how to play! We’re going to kill them!” my son said. “You played them at the beginning of the season,…
Shut Up And Wait
Compounding is rocket fuel for gardeners and investors. Growing plants or money takes time; lots of it. Unfortunately, get rich quick syndrome is a popular addiction. Mother Nature (and your portfolio) could care less about you being a cool kid. We moved into our home 17 years ago. Things were pretty barren. Compounding changed things. Investing…
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