Ron Burgundy believed that diversity was old wooden ship, but diversity is also a great reason to invest in mutual funds. (kinda wish that they would have asked Brick Tamland for his opinion). I answered this question on Quora. To answer this question, I’ve explained mutual funds and also provided a tool you can use […]
“If you don’t know where you are going any road can take your there” That quote is attributed to Lewis Carroll from the book Alice in Wonderland, and that same quote applies to investors. If you’re searching for the best way to invest money, you need a plan. As Admiral Painter says in the movie […]
Authors’ note: Explaining personal finance can be pretty dull, but it’s a subject we all need to continually learn about. I’m trying to fix the problem by using a quirky (funny?) story to explain personal finance. In this story, two friends how bond mutual funds work. The stories are written in chapter order, so that there […]
Authors’ note: Explaining personal finance can be pretty dull, but it’s a subject we all need to continually learn about. I’m trying to fix the problem by using a quirky (funny?) story to explain personal finance. In this story, two friends discuss risk tolerance, asset mix and the concept of beta. The stories are […]
So, I saw something the other day that I’ve never seen before. I was coming out of a grocery store that was up a hill from a major street, and a truck was approaching the intersection. The truck was hauling a bulldozer on a flatbed trailer and, as the truck approached the intersection, it […]
I’m writing this during the holiday season, so I thought I’d use Frank Capra’s brilliant film, It’s A Wonderful Life, to explain a concept. If you’re not familiar with the film, IMDB (a great site for movie fans) provides a plot summary. George Bailey manages the Building and Loan started by his father. On Christmas […]
We all love predictability- just the word itself sounds great, doesn’t it? We want out cars to start on a cold winter morning. Travelers want that holiday flight to see the kids to arrive on time. All of us buy particular brands of food, because we know what we’re getting (I stick to Campbell’s Soup, […]
“Lemonade Stand 100 feet.” If you’re selling lemonade, put your stand 100 feet from a playground- smart marketing. Doing business comes with costs, obviously, and expenses that you must incur each year can sharply reduce your profit. The same is true of mutual fund fees and expenses that lower an investor’s rate of return. I’ve […]
$30 for Campari? I was muttering about the high cost of my cocktails when I turned and saw it- the beer pong impulse buy. You’re in the liquor section of the grocery store- why not sell people ping pong balls for beer pong- and put them on the door of the beer freezer? (They had […]
Planning for your personal tax return becomes more complicated each year. Townhall reports that the federal tax code (CCH Standard Federal Tax Register) is over 73,000 pages long. If you have an unexpected taxable event, the process of planning for your tax liability is even more complicated. A mutual fund may generate more taxable income […]