Asset Protection: Password Manager In my office's slack channel this week: My credit card is hacked. Have to spend some time with [bank] to straighten it out long term installment loans direct lenders. $999 on Apple store purchase and a bunch of other sh*t. And my netflix account has been hacked. I consider Bernard to be both the smartest and most …
Plan 8: Dave’s Wife Died
Dave is 44 years old. He has two kids, age 11 and 13. He's just received a substantial life insurance payment. His wife died last month. Plan 8: Dave's Wife Died Background Dave's wife died last month, leaving him a life insurance inheritance of $900,000 with two dependent children. Spending Before his wife became ill, …
I Told You So – Technical Analysis – Part 2
In Technical Analysis Part 1, I used carefully tested methods to predict where the S&P 500 would be in three weeks. And now it's been three weeks. Let me show you how well technical analysis works if you just trust the model (and ignore all the failed predictions). Also, we'll answer the question: What is …
Continue reading "I Told You So – Technical Analysis – Part 2"
Finance Friday August-10-2018
Finance Friday, August 10th, 2018 This week I share articles about college hustle, life insurance strategies, an interactive retirement calculator, and free lunch. Happy Friday! 1. How to Build a Life Insurance Ladder I've talked a fair bit about life and death, and I've got my personal emergency fund in a CD ladder. Dr Linus shows …
How To: Track Your Progress
Track Your Progress If you want to change it, track it. (If you just want to get tracking already, click here to skip ahead.) This simple mantra works everywhere. Your diet? Children's bedtime? Car's fuel efficiency? Golf handicap? But most importantly for today: Your Finances. To change your financial picture, track your progress. Below, I give …
Goals and Progress – Update 2
My Goals and Progress - August 1, 2018 Almost the moment I published my first progress report I was eager to update a new version. I'm a sucker for data and tracking and goals. Now that two more months have transpired, I think it's finally worthwhile to check in on the site's progress. Site Goal #1: …
Should I Switch to a Three Fund Portfolio
When I recommended an investment plan for Stacey, I suggested she setup a three fund portfolio. It's a simple, straightforward target that will accomplish the investment goals of a vast majority of people. In fact, it's my default recommendation to anyone who asks for allocation advice. And this question has been nagging at me ever …
Continue reading "Should I Switch to a Three Fund Portfolio"
In Defense of a Progressive Tax
A Thought Experiment: Progressive Tax A progressive tax imposes a lower tax rate on lower earners and a higher tax rate on higher earners. I believe a progressive tax code is an important pillar of a healthy society. But as individuals earn more money and thus pay more taxes at a higher rate, they often …
Technical Analysis – Part 1
Financial Blogger Makes Uncanny Prediction About Market: You Won't Believe What Happens Next! Get ready for amazing returns with no risk.† I'm going to tell you exactly where the S&P 500 will be trading three weeks from now, at the end of the trading day on August 15th, 2018.† I'm going to show you something literally …
Plan 7: Stacey
Stacey is a dental hygienist making about $66,000 per year after taxes. She is 27 years old, and single. She emailed me to ask about making a plan for her money. Background Spending Stacey does not have a budget. I asked her to write down every single thing she spent money on in the past …