Probably you have heard or read someone tell you something along the lines of: “If you put your money into the stock market for 30 years, you’ll average 12% returns.” My tl;dr response to this is: No… probably you won’t. There is a complicated mathematical reason for this, which is not very secksy and which […]
How to talk yourself out of financial security
Was reading a story about a medical doctor who is also a weightlifter and strength coach. He has been suffering some elbow pain and so decided to go to a sports medicine doc who was recommended to him by some of his colleagues. He went in wanting an x-ray to confirm a stress fracture. Anyway, […]
Who wins in a fight: risk vs risk-free
A long time ago, in a brokerage firm far, far, away, I was working days, nights, and somwtimes weekends for a large financial firm. Most of my clients were people about to retire. These were folks who had 401(k) plans or IRAs and wanted help “retire-i-fying” them. That is to say, they wanted safer investment […]