Here’s a question you’ve never seen or heard before: “Should you buy whole life insurance or buy term and invest the difference?” Wait. What’s that? You say you HAVE heard this question before? And you say you’re still not 100% sure about which is which and what you should do? I can relate. When I […]
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 […]
Think you can beat the insurance company at its own game? Good luck
One of my favorite scenes in The Dark Knight is when Coleman Reese (a lawyer) finds out Bruce Wayne is Batman. He approaches Lucious Fox to try and blackmail him for his silence: *** Lucius Fox: Let me get this straight, you think that your client, one of the wealthiest and most powerful men in […]
Why you should never take sides in the war between term and whole life insurance
A Flakebook friend of mine is up in arms about Amazon shutting down some user accounts and denying access to ebooks those users purchased. I’m no legal expert but I think the user agreement for that stuff includes limited access rights to ebooks which can be revoked at any time so… it’s not like buying […]