“Don’t just do something, sit there!” -John Bogle Most available economic data suggests things are going quite well. The unemployment rate is 3.7%, which is the lowest in 49 years. Third quarter GDP came in at 3.5%, which solidified the best back-to-back quarters in four years. US wage growth has had its largest annual gain… Read More The Economy is Good, So Why Are Stocks Falling?
Tracking your monthly expenses will not always result in saving money, but it will give you a good understanding of where the money is going, and if there are areas you can cut back on. A few years back my wife and I became interested in how much we were spending per month on going… Read More Tracking Your Budget
“Beware of false prophets, which come to you in sheep’s clothing, but inwardly they are ravening wolves.” Matthew 7:15 Victor Lustig sold the Eiffel Tower in 1925 for scrap metal. You read that correctly. Lustig invited a small group of scrap metal dealers to a secret meeting, where he identified himself as the Deputy Director… Read More Wolves Dressed as Sheep
Conventional wisdom is that your choice between a traditional pre-tax retirement account and an after-tax Roth is irrelevant as long as your tax rate never changes. As a reminder, both a traditional IRA and Roth IRA are tax-deferred retirement accounts, and could expose you to early withdrawal penalties if distributions are taken before age 59.5. The… Read More The Roth IRA Advantage
The purpose of fake news is not to change the mind of the audience, but rather reinforce the beliefs which the audience already has. Today, when we hear the term “fake news” we think of politics, but fake news is also very rampant in finance. Clients have been asking me for some time now “isn’t… Read More Fake News (Finance Edition)