Years ago, Yours Gluteny worked for someone else. My employer offered me a 401(k) plan. I was 20 at the time, and didn’t really understand the value of retirement planning. I DID save money, just not for the long-term. Anywho, when dot com crash happened, I was convinced I had made the right move to […]
Why most people are not better than average investors
Back in high school, I was a singer. I was a really good singer. How do I know? Because I was judged, professionally, by professional singing judges who measured my singing ability against a known working pitch pipe. I also had developed the skill of assessing my own singing ability and had demonstrated my ability […]
The friends-with-benefits of index funds?
Recently a Facebook friend of mine brought up the “friends-with-benefits” he’s getting by investing in index funds. And, it seems the new “holy grail” of investment portfolios is the “Three Fund Portfolio” or “3FP” for short. If you’re familiar with index fund investing, you’ve likely heard of it before. It’s not actually new at all […]
Why most stocks are not investments
There’s something crazy about investing in stocks. I used to trade mining and other resource stocks many years ago. It’s a tough industry because those companies are like “burning matches.” You have to buy startups with the potential to be bought out by major oil and gas producers and… lots of startups fail so… you […]
The only people who think whole life insurance is a good idea are the ones selling it
There is a common misconception among random financial bloggers, quite a large number of professionals, and most amateur investors (and people trying to scrape together enough savings for their future) that the only people recommending life insurance are the ones selling (and presumably making money from) it. There are a couple of issues with a […]