Inertia is a powerful force, and I'm not talking about "ball rolling down a hill" kind. No, I'm talking about the kind that keeps us stuck-in-a-rut, maintaining bad habits and preventing us from starting good ones. When it comes to money, we call this "Financial Inertia,"...
There was an article at Bloomberg this week with the title, "A $300,000 Salary Feels Like $100,000 in The Priciest US Cities," and I would like to say two things about that: 1) I bet these sorts of articles are reliably the most clicked articles,...
When I was younger, my friends and I used to enjoy competing in endurance races like the 24 Hours of Adrenalin race in Conyers, Georgia. It was basically a mountain bike event that involved completing as many laps as possible of the mountain bike course...
Three weeks ago today, Silicon Valley Bank (SVB) was put into receivership by the Federal Deposit Insurance Corporation (FDIC) after experiencing outflows of more than $40B the day before. Since then, most of the conversation has focused on how the FDIC balances their own insurance...
Almost exactly two years ago I wrote a blog entitled NFTs, SPACs, WSB, and the Problem of Boredom. The purpose of the blog was to point to the absurd excesses represented by non-fungible tokens (NFTs), special purposes acquisition companies (SPACs), and crypto projects of various sorts....
It's a reasonable question to ask. One that is most often asked during times of stock market volatility like we experienced during last year's bear market. The answers to the question in that context are often centered around portfolio diversification (don't put all your eggs...
If the goal is to save for college, there isn't a better vehicle than the 529 plan. Because of their unique combination of tax benefits, which vary by state, they can offer a greater after-tax return than a normal brokerage account. How much greater depends...
I do not officially have a financial advisor (cobbler's children's shoes and all that, plus I am surrounded by great ones here who humor me), but if I did, I suppose the questions that I'd be asking her would tend toward these: How can...
Wesley and I are weeks away from meeting the newest member of our family, and if someone could tell me the exact timing of when our baby boy might arrive, I would really appreciate that. As many of you can relate to, it’s hard to...
Do you have a favorite season? Would you choose winter, spring, summer or fall? Or perhaps the holiday season, beach season or football season? Whatever your choice, I suspect that tax season is near the bottom of your list. Like it or not, on Monday,...
