Select Page

Articles

House of Cards

House of Cards

There’s not a whole lot of disagreement that another bubble is going to burst soon. The only debate is what “soon” means. The catalyst that brings on the next round of financial calamity may turn out to be a close relative of the catalyst that brought on the last...

read more
The High Cost of Bank CDs

The High Cost of Bank CDs

I recently built this chart for a series of speaking engagements I was asked to deliver. I used it to make a variety of different points – many of which I’ll share with you in the coming weeks. But for starters, I wanted to highlight some thoughts about investing fees...

read more
Illusions of the 401k Kind

Illusions of the 401k Kind

Chances are – you’ve looked at your 401k (or similar) statement lately and noticed that it has gone up in value.  Congratulations!  But on further inspection, is that growth a result of your wise investing decisions - or is something else going on? Before you conclude...

read more
Another Reason Fees Matter

Another Reason Fees Matter

Okay – so I tend to rail on the cost of Wall Street fees and commissions.  But I do so for two important reasons.  First, it matters – a great deal.  Second, most of us just don’t pay enough attention to fees.  If we discovered termites eating away at our home, we...

read more
The Power of Zero

The Power of Zero

David McKnight’s book – The Power of Zero, asks a very interesting question: “What tax bracket do you want to be in when you retire?” Most of would us never ask ourselves such a question because we don’t think we have much influence over it.  But that thinking can...

read more
Why are Home Prices So Slow to Recover?

Why are Home Prices So Slow to Recover?

I committed the cardinal sin of arguing with a client recently over what happened in the housing bubble of 2008.  He owns a number of rental properties, and insists that greedy banks caused the mortgage collapse by writing bad loans.  My take is a bit different – okay...

read more
The Thing about Losing Money….

The Thing about Losing Money….

Let’s face it – we’re not sooth-sayers and neither are our financial advisors.  So from time to time – a market or an investment is going to stick us with a loss.  No big deal.  Get back on the up elevator and it will soon be a distant memory. But the truth is, losses...

read more

Tuition Free College, Anyone?

Here’s a novel idea for college bound students and their families that looks like it’s about to be tested for real in – of all places – Michigan. The idea is that students would be able to go to college tuition-free for the duration of their studies.  In exchange, the...

read more
60 Minutes: “The Stock Market is Rigged”

60 Minutes: “The Stock Market is Rigged”

60 Minutes recent declaration that the stock market is rigged (based on Michael Lewis' new book Flash Boys) isn’t much of a revelation.  My book - Rigged, Unlearning Mainstream Financial Propaganda and Building Your Personal Fortune - has been out for over a year and...

read more
Lessons from the Old West

Lessons from the Old West

When horse-drawn wagons journeyed their way up mountains in the old west, cowboys would put a “wheel-chock” behind the wagon wheels when they stopped to rest.  Without brakes as we know them – that wheel chock - usually just a rock or a chunk of wood – could save a...

read more
Price Check – Aisle 9

Price Check – Aisle 9

While everything around us gets more expensive, one thing is getting cheaper – life insurance.  That’s because we’re living longer – which means insurance companies push their payment obligation farther into the future and collect premiums for a longer period of...

read more
Zero Gravity Wealth

Zero Gravity Wealth

A recent NASA report shows that astronauts who spend 6 months in space grow by 3% - or about 2-inches.  The reason?  Gravity does not restrict the body’s natural inclination to grow. So what would happen if our money wasn’t subject to the gravitational pull of taxes,...

read more
The Whacky World of the ACA (Obamacare)

The Whacky World of the ACA (Obamacare)

To summarize the chaos in the health insurance arena would take more column-inches than I devote to this space.  But let me touch on two lesser known consequences of the Affordable Care Act (Obamacare) that - regardless of your politics - will have you shaking your...

read more