You may have noticed that I never offer any sort of stock market forecasts, or beginning of the year prognostications, or opinions on what will happen with inflation, or dire warnings about the bond market collapse in the next 6 months. Why? Because I will never be right (unless by total lucky coincidence), and…
I like to throw you a depressing blog about the stock market occasionally to remind you that dropping stock markets are normal, not to panic and sell, blah, blah, blah. Just when I was struggling to make this information fresh, I happened to listen to a podcast in the Choiceology series by Dr. Katy…
This blog is a repeat of the topic of a Back Door IRA. The reason I bring it up again is that Mega-Back Door Roth IRAs have been in the news a lot lately. I’ll discuss those next week but thought we should all be on the same page of what the Not-Mega (aka Regular)…
“Regret theory suggests investors who sell at the wrong time and miss out on gains experience regret that affects their judgment, leading to subsequent market-timing mistakes,” says Sarah Newcomb, behavioral economist for research firm Morningstar and author of the book “Loaded: Money, Psychology, and How to Get Ahead Without Leaving Your Values Behind.” Reading…
As a fair and balanced blog writer, this week I am following up a blog about why retirees should not worry about Roth conversions with three reasons why such a move could be a good idea. It’s a nice thing to do for your kids: Any IRA money inherited by your kids will need…
…invest in the latest fad, at least do it prudently. This is sort of like your mother saying, “If your friends jumped off a cliff, would you? Yes? Then, please pick a small cliff.” I know that my position in putting money in the latest social media darling investment is clear. But, just to…
To continue the theme – or maybe you call it a months’ long rant – about why Robinhood/Bitcoin/Reddit, etc. cloud the concepts of real, grown-up investing, I’d like to show an example of rates of return and life. Scenario: Joe is 40 years old and has $500,000 saved for retirement. Good job, Joe! Joe…
I’ll try to make this concise: This clamor for Bitcoin/Game Stop/SPAC returns and shunning of traditional investment portfolios is nothing new. See my 5 Famous Bubbles Blog for a reminder. What seems to get lost in all the clamor of investing for the biggest returns (damn the torpedoes, etc.), is WHY are those returns…
When is the best time to plan for a stock market dip? When the stock market is going up. No fancy language today! Just three easy reminders of what to do when you see your account balance take a big hit. Don’t Do Anything Buy More Stocks Call Your Advisor Repeat that 9-word…
Ultra-low interest rates present a dilemma: Great for borrowers (both companies and individuals), potentially great for the stock market, but terrible for people who need risk free savings for emergencies or retirement income. Unfortunately, if you need your money within 1-2 years to spend, there’s not much I can suggest. No growth is the…
Stay organized and prepared for retirement with my comprehensive checklist and timeline. Enter your name and email below to get instant access.
