Finance

One Year Does Not a Market Make

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2018 stock market

2018 was a challenging year if you have money in the stock market. The S&P 500 was down 6.2% and the DOW industrial average lost 5.6%. If that alone isn’t enough to set nerves on edge consider this: the most market volatility since the financial crisis; the psychological effects of recency bias (the tendency to […]

Finance

Timeshares Are Hard Sells

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The receptionist checking us in to the Wyndham was pleasant and helpful. We mentioned that we were guests of friends who are Vacation Club members (i.e. timeshare owners). She ran through all the routine stuff and then informed us that we qualified for a “premium gift” (the bait). Before we could gain entry to our […]

Finance

2 Phases to FIRE

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Many people are critical (Suze Orman said she hates it) or suspicious of FIRE (Financial Independence Retire Early) but I’m not one of them. I believe that it is possible as long you do a great job of planning and of execution. By the way, here’s how I define FIRE. FI means having enough money […]

Finance

Be Very Deliberative When Considering an Annuity

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Personally I’m Not into Annuities And I’m not alone. Dave Ramsey, personal finance author and radio show host, also isn’t a fan of annuities. There are plenty of reasons why. One of the main reasons is that annuities have significant expenses that reduce the growth of your investment. Annuities also have surrender charges on early withdrawals that can […]