When you've lived a few years, you come to appreciate the truth of statements like: "The house always wins." "In a gold rush, the only one guaranteed to get rich is the guy selling the shovels." And . . . "Any 'exclusive' investment advertised as a 'sure thing' probably isn't either one." If you were [...]
If you've been able to catch any of the Olympics over the past few weeks, you might have noticed how the TV coverage often features the stories of the various athletes. They're usually inspiring and always interesting. (Much like the girls and I while swimming!) It seems like each one who makes it to the [...]
According to Yahoo Finance, the number of Americans trading individual stocks has grown during the pandemic. A survey the finance site conducted last fall found that 33% of people holding stock indicate that they've been trading more since the pandemic began. And a similar number said they're trading individual stocks more, as opposed to ETFs and [...]
It's hard to think of a more all-American investor than Warren Buffett. His company, Berkshire-Hathaway, is located not on one of the coasts but in Omaha, Nebraska. The firm's wholly-owned subsidiaries include such heartland favorites as Kraft Heinz, Dairy Queen, and See's Candies. But more importantly, Buffett has embodied the American ideal of the modest [...]
In 1959, new coach Vince Lombardi in his first meeting with the Green Bay Packers, held up an oblong, inflated pigskin and said, "Gentlemen, this is a football." The story is most likely apocryphal, but it sounds like something Lombardi might have said. His dedication to the basics of football, including hard work, are what [...]
In talking about the way he handled his finances, comedian Steve Martin said, “I love money. I love everything about it. I bought some pretty good stuff. Got a $300 pair of socks. Got a fur sink. An electric dog polisher. A gasoline powered turtleneck sweater. And, of course, I bought some dumb stuff, too.” [...]
Day trading, in case you’re not familiar, is the practice of buying stocks or ETFs and then selling them the same day. The goal is to do so with the hopes of cashing in at a large profit. As you might imagine, day traders use a myriad of strategies to try to get the slightest [...]
The idea of somehow getting tomorrow's news today is an intriguing one. What would you do if you had this knowledge? In the 1944 movie It Happened Tomorrow, the protagonist, a journalist, is given a newspaper from one day in the future. He tries to use this information to scoop a big story, prevent a box [...]
On June 9, the U.S. Department of Labor’s Fiduciary Rule—the most famous and controversial set of investment regulations you’ve probably never heard of—is going to start taking effect. The rule promises better protection for investors who employ financial advisors to help manage their retirement accounts, including rollovers into an Individual Retirement Account. The Fiduciary Rule [...]
“Financial Mission - Major Life Events” Here's this week's Financial Mission, if you choose to accept it. Each week I'll send you a replay of my new podcast, "Your Financial Mission," where I discuss financial topics and share insight that impact your overall financial strategy. This week's Mission: Major Life Events If you choose to [...]