Money Lessons Learned at 37




Riviera Jitters Bring Investors Shivers

One of my favorite vacations was a trip from the French Riviera, along the Spanish coast ending at the Italian Riviera. It is absolutely stunning and everybody seemed to live so well. They wouldn’t even let me enter the casino in Monaco without a James Bond type jacket. Now I know why…

The Financial Crisis: Sometimes The American Dream Can Turn Into a Nightmare

Homeownership has often been called the epitome of the American Dream. When I bought my first house at the ripe old age of…

The Next Decade: Reversion to the Mean or a Historical Winter?

A very difficult area of scientific prediction is that of fluid dynamics. Or, the science of predicting how a fluid (which could be liquid or a gas) will react to various forces. An example is the weather and weather prediction. There are a myriad of things that affect how the weather will be, what direction the wind will blow, how hard it will blow, how much moisture will be in the air, and if that amount of moisture will lead to precipitation and how much precipitation…

The Erasing of a Financial Crisis

To many, the mark of the beginning of the financial crisis was on March 16, 2008 when Bear Stearns was sold to Chase at a fire-sale price. The Dow Jones closed that day at 11,951.09 and continued to charge downward for the next year. As I write this…

US Slow Growth Economy: It Doesn’t Mean Your Growth Has to Be Sluggish Too

The Federal Reserve, along with an average assessment among economists, are publicly setting growth expectations lower than historical averages. Last month, Ben Bernanke said, “There is a reasonable chance, looking at the long run of history, that the U.S. will return to health growth somewhere in the 3% range.”

Hitting the Wall From 52 to 57

A marathon is 26.2 miles. I have run three of them and can say that the first half of the marathon is actually fun, almost a party atmosphere.

How to Figure Out the Net Yield on a CD (After Taxes and Inflation)

With investing, it’s always important to get an apples for apples comparison so that everything is on a levelized playing field. Most of the time…

How to Keep Yourself From Being Destroyed by an Asteroid

Recently there was a special on TV about the various meteors that NASA tracks. You may be relieved to know that all the…

The Shaking of the Rattlesnake’s Tail?

For years, analysts have been predicting the collapse of the 30 year bond rally. Since 1982, bond prices have generally been rising at a rate without near-term historical precedent. In early 2009, it was widely thought that it was the end of the bond price rally as Treasury rates were pushed to historical lows (yields and prices go in opposite directions).

Only Twice in US Financial History

Halley’s Comet visits earth every 76 years. For the average person, this is a once in a life time event. Right now there is an event in the financial world that hasn’t happened since 1861, that is, just over 150 years ago.

Intergenerational Real Estate and Dynasty Trusts

The equity in multi-family real estate can be used to preserve wealth by taking advantage of the gift tax exemption. Here’s how.

The Millionaire Mindset: What Is It?

What does it mean when we say that a person has a millionaire mindset? First, we need to examine the two words “millionaire” and “mindset.” The word “millionaire” means that a person’s net worth (the dollar value of all of his assets) exceeds one million dollars, or that his annual income exceeds one million dollars. The word “mindset” refers to the way a person thinks, his biases, his viewpoints on different issues and his attitudes about life in general. These things collectively define his mental position on everything. They literally make up the rules by which he lives and form his philosophy of life.

Tips and Information on Spread Betting Trades

In sports, which provides football and baseball, the spread is a superb equalizer. Nevertheless, the typical line in the sports betting arena can be the line of spread. The original action to wagering on games demands information relating to the line.

Putting Your Trust in a Trust

There are a number of questions that need to be addressed before establishing a trust. These include family and financial concerns. Finding the right fiduciaries that understand your entire objective is crucial.

How To Retire Rich In 4 Simple Steps

Perhaps it is something that crossed your mind, but you brushed it off believing that you do not have what it takes to pull it off. Or maybe you’ve taken years to decide whether it is really what you want. I am referring to the ultimate dream of retiring rich.

You May Also Like