I advocate investing in low-cost index funds as opposed to trying to find actively managed funds that outperform the market. Many studies have shown that, over time, this will almost surely give you the best results. So how did this method work in 2014? The January/February issue of Money Magazine had some interesting statistics. The…
One of the most important financial decisions you will make is how to invest the money you are putting in your 401(k). Target date funds are the default option for most retirement plans, but in a prior post I showed that target date funds aren’t the best option for most people. If target date funds…
Stock markets have had a rough couple of weeks to start the New Year. They recovered a bit Friday but they are still down considerably since January 1. Although the year is young the Dow has already suffered several triple-digit losses, sometimes on consecutive days. When this happens people become restless and wonder what they…
William of Occam was a Franciscan friar, theologian, and philosopher who lived in England from 1287 to 1347. He is known to us today mostly from the problem solving principle he formulated known as Occam’s razor. Although he never said it this clearly Occam’s razor can be summarized as follows: The best solution to a problem…
Surveys show that the most common New Year’s resolutions are physical and financial. I have certainly made my share of both of these types of resolutions over the years but I have had a lot more success in keeping my financial resolutions than my physical ones. Why is that? Is it just my personality or…
Here are links to my top 10 posts for 2014. If you are a regular reader, thanks for your support and I hope I was able to help you improve your personal financial situation in 2014. If you are not a regular reader, take a look at what you missed and join us for 2015. There…
