Bad behavior ruins many things. This is especially true regarding investing. Stacy Rapacon wrote this neat article for grow.acorns.com on the index card I created about market crashes. “It’s not just with finance. When you make decisions based on emotions instead of facts and data, it’s not usually going to turn out well,” Isola says….
Three Ways to Fail Slow
Investors fear violent market crashes; those that would vaporize years of wealth accumulation in a matter of days or weeks. Many pay too little attention to slow failure. Risk aversion is a stealth assassin. This silent threat has none of the drama of plummeting markets. The carnage left behind is worse. Justin Sibears wrote an…
It’s Monday Again…..When Is My Retirement?
Dreaming of not having to go to work on cold, rainy Mondays? Make this a reality by educating yourself on retirement planning. Start by reading today’s links. Having too much company stock is a problem. New York Times Many state pensions are in big trouble. Yahoo Finance Tread very carefully if you have access to…
Stealing the Golden Years
My Dad, Anthony Grasso – 1991 We sat on the other side of the doctor’s desk. My father was wedged between my mother and me, just in case he tried to make a break for it. It turns out, I was the one who wanted to run. The doctor started off in a light,…
Boring Money is Beautiful
Dina here … I have a bird’s-eye view into the many ways investors have been misdirected by their financial salespeople; but this past week I encountered a perplexing situation – which is rare, as I’ve seen a lot. In the past, the usual “suspect-behavior” has been selling investors expensive mutual funds and annuities when better,…
Rule Breakers
Break the rules to learn about money. Dina and I, along with Anora Gaudiano of MarketWatch, visited one of New York City’s most prestigious and ultra-competitive schools – Stuyvesant High School. Kudos to them for taking a much-needed step in educating their student body about personal finance. Financial literacy courses are greatly lacking across the board; even in high caliber…
It’s Monday Again…..When Is My Retirement?
Working in a family business can be a tension convention. Here’s an idea, How about not working at all? Start by reading this week’s retirement links. Getting “suitable” advice is a horrific idea regarding retirement planning. Bob Veres Most financial questions don’t have an answer that’s right for everyone. Humble Dollar Get ready for more…
Compound Knowledge-Our Monthly College Planning Links
Most people have little knowledge of how to save properly for retirement. College planning is not part of their vocabulary. Don’t be one of those people. Start your adult college planning education by reading our monthly links. Watch Out! For-Profit Colleges have a new life. MarketWatch The government WILL collect upon your student loans. Bloomberg…
If They Cry, They Buy
When and why did the sales profession become such as powerful force in America? The answer explains why most of the financial services sector focuses on this model. The Big Change by Frederick Lewis Allen answers this and many other questions concerning American culture. “The 1920’s saw the canonization of the salesman as the brightest hope…
Less Money, More Problems
It’s expensive to be poor. Financial institutions like banks and insurance companies consider poor people the ultimate “risk asset.” The poor seldom obtain the financial services most of us take for granted. If they do, the markups are off the charts; they are trapped in an endless loop of financial misery almost impossible to escape. The…
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