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Keeping Some Distance From Your Money
Jeff Bezos is known for his long-term mindset. When once congratulated on Amazon’s great quarterly results, he said that those numbers were already baked in with decisions made years before. He is now making decisions…
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On Tariffs
Tariffs are bad. All sane economists know they are bad. Bad for the country that imposes them, bad for the country they are being imposed on, bad for global trade, they make the world poorer,…
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The 50/30/20 Budgeting Framework
I am not into budgeting as much, not because it does not help but because it is a chore. No one likes chores. And hence the many budgeting tools we find around us that help…
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Required Minimum Distributions
The money that you have been contributing to your 401(k) plans has not been taxed yet. You have deferred the taxes that were due for years but at some point, the government wants its share.…
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Why Rules-Based Stock Picking Systems Don’t Work
During the California Gold Rush, folks who sold picks and shovels to the gold miners made more money than the miners themselves. We have all heard of AI, that incessant talk about artificial intelligence and…
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Try Not To Borrow From Your 401(k)
Most 401(k) plans allow you to borrow up to half your vested balance or $50,000, whichever is lower for up to five years without triggering any taxes or penalties. But here are reasons you should…
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You Don’t Want A Bull Market Early In Your Career
There is no clear definition of a bull market except when the stock market seems to be uninterruptedly going up year in and year out and you sense a feeling of euphoria all around, that…
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Investing Metrics That Don’t Matter
Benjamin Graham is considered the father of value investing. In his seminal book The Intelligent Investor, he lays out approaches on how to pick stocks that are selling for less than their stated value. Graham‘s most famous student, Warren…
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Do You Need A Revocable Living Trust?
The short answer is no but before that, a bit about why everyone should have an estate plan. Imagine you have little kids and something bad happens to both of you and you don’t have…
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If You Don’t Know How Much To Save, You Won’t Save Enough
Let us use saving for retirement as an example. The first thing you would want to know is the amount you would spend in the first year of your retirement. You’d then want to inflation-adjust…