Finance

Non-financial Financial Literacy

Posted on
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

Posted on
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?

Posted on
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

Posted on
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

Posted on

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 […]