Finance

Drawn to FIRE

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FIRE

If you haven’t heard of FIRE (Financial Independence Retire Early) you’re not alone[1].   However, awareness of FIRE is growing as evidenced by the attention it’s receiving from the mainstream media. How to Retire in Your 30s with $1 Million in the Bank – New York Times Achieving Financial Independence at Any Age – Forbes […]

Finance

Non-financial Financial Literacy

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financial literacy

My wife and I are excited about an opportunity to help teach financial literacy to some university and high school students. Our first thought was how do we share our experience when it comes to the basics such as interest, compounding, taxes, credit, inflation and savings. Our second thought was that will probably bore them. […]

Finance

The Bucket Strategy

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the bucket stategy

The bucket strategy is an increasingly popular personal investment strategy especially with retirees. People like it because it is easy to comprehend and is intuitive. Watch my short presentation

Finance

Should You Carry an Umbrella?

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umbrella insurance

My wife recently took over the treasurer duties of her volunteer group. To complete the transition, she needed to meet with an outgoing board member at a near-by bank. Unfortunately, the outgoing board member did not show up as expected. Less than a block away she was in an accident where she allegedly hit a […]

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 […]