Are you worried that a person, government or company is going to ruin the economy as we know it? Well, here is a nice video that may persuade you otherwise. The original essay was written by Leonard Read in 1958, titled I, Pencil: My Family Tree, still holds true to today’s markets. One of my favorite economists, Milton … Read more
The S&P 500 hit a low of 666 on March 6, 2009 and was up 213%, excluding dividends, through November 4, 2016. You know we’re big fans of dividends, which actually account for more than half the total returns in this index over the long-term. Since then, the S&P 500 is up another 4.6%, and … Read more
Consider these hard truths: unlucky timing can be very bad for your financial health; bad assumptions lead to bad outcomes; mistakes become far more costly later in life. Let’s look at a case study to see if the timing of retirement is important and whether the risk can be mitigated. The chart below shows two … Read more
Do you have longevity in your family tree? Some say that the person who will live to be 150 years has already been born. I say, you’d better be making calculated decisions if you plan to retire in your 60’s as people are already living longer and inflation is the enemy. Since we’re on the topic, please go … Read more
If life throws you a curveball, an emergency fund can help you preserve your retirement savings and avoid taking on debt. Starting an emergency savings fund this very second can have a big payoff down the road—it can help you get by in case of an unexpected repair or tax bill, for example. A good … Read more
Imagine you’re a PGA golf professional, but were also assigned the position of money manager, how would you do? Let’s say the job title is actually money manager for You Incorporated and you need to manage money for yourself better than at the facility you work for. Would you fire you, or keep the job? … Read more