Investing often entails long periods of boredom interrupted by occasional panic. These moments are rare but their significance is enormous. The stock market rises over time. This does not stop it from temporarily declining 14% annually, on average, and roughly double that every five years or so. These numbers do not represent anything out of the…
It’s Monday Again…..When Is My Retirement?
Patriots and Eagles fans need to make a plan for retirement. So do the people who hate both teams. Enjoy this week’s retirement links. Just what we need, more insurance companies selling indexed annuities. InvestmentNews Skiing could threaten your retirement. MarketWatch Retirement can be like your second childhood. HumbleDollar Some companies can’t compete with Vanguard…
Great Super Bowl Commercials, Awful Products
Many Super Bowl commercials are not what they seem. Sunday, we will watch idealistic scenes of people living out their retirement dreams. Beach houses, horse farms, weddings and high priced colleges are often the main characters in these vignettes. The whole charade is usually narrated by an actor with a James Earl Jones-like voice. Don’t…
Become A #FinHero
Finding water in the desert is no easy thing. Throughout our nation, students attend 12-16 years of school and leave with zero knowledge about how to manage their own money; a barren financial wasteland with no oasis to be found. Then this happened. My friend, Tim Ranzetta, a former tech entrepreneur from California decided to…
Compound Knowledge-Our New Monthly College Links
While the media focuses on “the retirement crisis”, trouble is brewing elsewhere. The cost of college rose at double the rate of inflation over the last few decades. Some parents are staring at $300,000 in bills for prestigious private institutions. This vicious cycle has led to less retirement savings and more debt. Student loans recently…
Wash Your Hands Before Investing
Sometimes being rich can be a disadvantage. It’s easier to exploit people when big egos are involved. This is true in both medicine and investing. For most of recorded history, doctors and surgeons did not wash their hands before treating patients. In 1847, a Hungarian physician named Ignaz Semmelweis was widely ridiculed for trying to…
It’s Monday Again…..When Is My Retirement
This week’s retirement links are out. Stop working for the clampdown and start enjoying your life. It’s worth it to spend your retirement money on these things. Financial Samaurai Most financial commercials are a bunch of crap. Forbes Read this before you purchase an annuity. Braganca Law Long-term care may be an illusion. CNBC This…
Investment Mistakes Are the Portals of Discovery
Fancy Wall Street types often use the term “price discovery” when they are trying too hard to impress the impressionable. “Price discovery is the mechanism by which competing buyers and sellers determine the price of a security or an asset,” according to Simon Constable. For this process to work, certain things must happen. “I see…
A Goon Squad Of Charlatans, False Prophets and Mercenaries
ONLY 6.6% of financial advisors practice true wealth management. What in God’s name do the other 93.4% do? This is according to a study conducted by CEG Worldwide. (No relation to Prestige Worldwide, though many people have portfolios that could have been created by the Step Brothers.) Who is steering your financial boat? It turns, more…
It’s Monday Again…..When Is My Retirement?
Our weekly retirement links are out. Remember knowledge is not power unless you apply what you have learned. 401(k) lawsuits may be working. InvestmentNews Is Long Term Care Insurance a scam? The Wall Street Journal Banks need to do more to stop financial abuse against older Americans. Bloomberg Caregivers may be jeopardizing their own retirements. CNBC…
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