by Jay Beattey | May 17, 2014 | Articles, Wall Street, Wealth Building
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...
by Jay Beattey | May 9, 2014 | Articles, Wall Street, Wealth Building
Most Wall Street types say retirees can safely draw about 4% of their account out each year as retirement income. So $1 million at retirement would mean about $40,000 a year in retirement income. They call it “the 4% rule” – although it’s really more a rule of...
by Jay Beattey | May 5, 2014 | Articles, Wall Street, Wealth Building
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...
by Jay Beattey | Apr 17, 2014 | Articles, Wall Street, Wealth Building
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...
by Jay Beattey | Apr 7, 2014 | Articles, Wall Street
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...
by Jay Beattey | Mar 20, 2014 | Articles, Personal Finance, Retirement, Uncategorized, Wall Street, Wealth Building
It seems to be a universal canine attribute that dogs just love to chase cars. But I wonder if the dog has ever considered what it would do if it were to catch the car? When we invest, our goal is to grow our money. But growing investments are a little like the dog...
