Picking Your Pockets
Stealing a page from Elliott Management, the $27 billion hedge fund founded by Paul E. Singer, who successfully sued Argentina for payment of defaulted bond issues, other hedge fund managers have been buying distressed Puerto Rican debt hoping for a similar payout. The strategy works like this: Puerto Rico is known to be in dire […]
Warren Buffett’s $1 Million Bet
Warren Buffett is the man. The Oracle of Omaha just seems to make the right move almost all of the time. One of my favorite Buffett moves has been 8 years in the making…so far. About 8 years ago Warren made a $1 million bet with a hedge fund company that a simple S&P Index […]
If You Invest Following the Headlines, You’ll Soon be Delivering the Paper
Stole that headline from Twitter. Originated with someone named Allen Kuhn. I don’t know Allen but that is a catchy snippet. One hundred and forty characters doesn’t tell much of a story so I will just guess what Allen was thinking. These were all on Yahoo finance today. This could send gold tumbling below $1,000 […]
Your Monthly Budget Is Already Garbage
Throw away your useless May 2016 monthly budget and just start over. Seriously, 99% of us have not stuck completely to the plan, and that’s expected. But that doesn’t mean you should go and spend as you please, it just means it’s time to start over. Reconstructing your budget around the middle of the month is […]
Why Is It So Hard To Save??
savingNo matter how much we need to save, no matter how badly we want to break out of the paycheck to paycheck life, saving money is hard. It’s hard because we get an immediate reward for spending money. I give you $5 you give me a Mocha Latte. Saving on the other hand forces us […]
Your Home is a Nice Place to Live
Too many times I see folks counting on the appreciation of the home to help with their retirement goals. A big part of the problem with the real estate bubble of 2007-08 is that people used their homes like a piggy bank with HELOC loans they could not afford when real estate prices headed south. […]
Cheap vs. Frugal
As a financial advisor, I often talk about being aware of where you are spending your money, because I believe awareness triggers restraint and restraint leads to better savings habits. While saving money is a good thing, buying something that is cheap is often expensive. If you are planning a purchase look for value, don’t […]
Should You Buy Gold?
I do not like gold as an investment. I think it is just speculation. But if you are bitten by the gold bug and can’t be cured, please at least buy your gold coins directly from the US Mint. You won’t pay outrageous spreads when you purchase the coins, you won’t be called and pressured into buying […]
Waiting for Perfect
How many opportunities are lost as we wait for the perfect time to start? You do know there is no perfect time, or perfect place, or perfect way. You do the best you can with what you have now. Don’t wait for the perfect stock, or the lowest price, or the perfect job, or the […]
The Problem With The Stock Market
Wow! Can you believe it? What in the world is going on now? No one understands this, it just makes no sense. Has the world gone mad? All of these sentences could be uttered every week if you have a conversation about the stock market. It never seems to change, there is always something nutty […]
