Does Unemployment Affect Your Investing Decisions?

“The singer-songwriter has always played music that was stylistically rooted in the ’30s and the Great Depression and the Dust Bowl. But the fact of the matter is that none of us remember the Depression firsthand.” –Steve Earle My grandparents grew up in the Great Depression. Both of them lived in agricultural areas that weren’t […]

In 2013, Were You Better Off Hiring Someone to Manage Your Money for You?

“History repeats itself, first as tragedy, second as farce.” –Karl Marx Look up the phrase “this time it’s different” on Google, and you can find a panoply of situations where the headline writer has pounded his keyboard, imprecating that the situation about which he writes is truly different. Just in the first two pages of […]

Are You Allured by That Active Fund Manager’s Great Performance Last Year?

“Almost everyone’s instinct is to be overconfident and read way too much into a hot or cold streak.” –Nate Silver When I was at West Point, the powers-that-be decided that it was a good idea to offer all of the juniors a $14,000 loan at a low interest rate. It was called the cow loan, […]

Are We Too Conservative in Our Investments When We Are Young?

“Caution is the confidential agent of selfishness.” –Woodrow Wilson Nobody wants to run out of money when they’re retired. They don’t want to eat cat food. They don’t want to dive in dumpsters. They don’t want to be the bag lady. Those images are the ones that fuel us whenever we think of retirement planning. […]

Do You Need to Save Money in Your Twenties? Part 2

“The trick is to stop thinking of it as ‘your’ money.” – IRS auditor Previously, we were looking at the answer to the question of whether or not saving money in your 20s really mattered. After all, you’re young, and you have decades of earning potential ahead of you. You should live it up, right? […]

Do You Need to Save Money in Your Twenties?

“Old men are always advising young men to save money. That is bad advice. Don’t save every nickel. Invest in yourself. I never saved a dollar until I was forty years old.” –Henry Ford When I was in my early twenties, I was pretty carefree and footloose. Actually, I was simply fooling myself into thinking […]