Should I Stay or Should I Go?

“Every dreamer knows that it is entirely possible to be homesick for a place you’ve never been to, perhaps more homesick than for familiar ground.” –Judith Thurman “There are things you just can’t do in life. You can’t beat the phone company, you can’t make a waiter see you until he’s ready to see you, […]

Where’s Waldo? My Recent Appearances

Occasionally, others ask me to share some insight with their audiences on a variety of personal finance topics. I’m always grateful to them for sharing the opportunity. Here are a few of my recent appearances for (what I hope is) your reading pleasure: MarketWatch | How to Save $1 Million in Your 401(k) How to […]

Is Asset Allocation Just a Form of Market Timing?

“Only liars manage to always be out during bad times and in during good times.” –Bernard Baruch I recently had a reader ask me a question via e-mail: I’m writing regarding the research by Dr. Wade Pfau that suggests that retirees are significantly better off holding only 20% in equities during the first five years […]

Why Do We Rarely Buy Disability Insurance?

“The only thing wrong with immortality is that it tends to go on forever.” –Herb Caen I remember getting the call from my wife. She was back in Charlottesville spending a week at her home office while I stayed in Texas. She’d started getting a slight tremor – a tic like she was shaking her […]

Once You’ve Won, Stop Playing the Game!

“All Steve [Schwartzman, Blackstone’s CEO] kept saying throughout breakfast,” my friend told me, “is ‘how the F* is Larry Page worth $15 billion and I’m only worth $3 billion’.” –via James Altucher (source) When people think about how money relates to their personal life goals, they usually go through four stages, which are different from […]

Employee Stock Purchase Plans and Stock Options – Your Investing Archimedes’ Lever?

“Δός μοι πᾷ στῶ καὶ τὰν γᾶν κινήσω “ (translated) “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” –Archimedes In the last article, “Investments Where You Can Influence the Outcome” we talked about investments where, rather than doing your research beforehand, investing your […]