I was listening to a podcast recently with Ray Dalio, founder of Bridgewater Associates, one of the largest and most successful hedge funds in the world. A theme Dalio returned to several times was the… Read More
New Tax Bill: Will the Tax Code Changes Save You Money?
If you’ve followed the news about the new tax bill, you may have noticed that in an attempt to answer the question “Will it save me money?” writers are resorting to offering a varied group… Read More
The Most Important Thing: A Great Investing Book for the Holidays
If you study something intently enough, your views will evolve and investing is no exception. After college, I read a number of books on investing from authors like Peter Lynch, Joel Greenblatt and Burton Malkiel…. Read More
Tax Loss Harvesting – Another Free Lunch?
Had Harry Markowitz thought about it, he probably would have considered tax loss harvesting a free lunch. Markowitz was a seminal figure in the academic study of investing, and he famously called diversification the only… Read More
Looking After Elderly Parents: A Checklist to Help Organize Their Finances
A few weeks ago, I wrote a post detailing a framework you can use if you are looking after elderly parents and need to help them stay on top of their financial situation. For this… Read More
Caring for Aging Parents: When Your Parent is Reluctant to Accept Help
An aged man is but a paltry thing, A tattered coat upon a stick, unless Soul clap its hands and sing, and louder sing For every tatter in its mortal dress – WB Yeats, Sailing… Read More
Year End Financial Checklist for Better Financial Health
About 10 years ago, I put together a year end checklist. I did so because I wanted to see how much financial progress we had made during the year and because I didn’t want to… Read More
Cognitive Biases: Why Thinking Fast Isn’t Good for Investors
When it comes to examining how our psychology (or cognitive biases) impacts how we approach financial issues, no area has received more attention than investing. That isn’t really surprising, because results from investing lend themselves… Read More
Mental Stumbling Blocks to Watch Out for When Putting a Plan into Action
In last week’s post, I explored some of the challenges in setting financial goals. The goals are the core of a financial plan, and with those in place, a plan can be built and implemented…. Read More
Setting Financial Goals: Stumbling Toward Happiness
One of the under-appreciated issues in constructing and implementing a financial plan is the role of how we think. Whether the issue is investments, goal-setting or plan implementation, it can be easy to get in… Read More