At one time, the Vanderbilt family was one of the richest families in the world. Today? Not so much. Cornelius Vanderbilt started it all back in the early 1800s. He was born into a poor family. Not a lick of luck and no “head starts” in life. But, he did manage to convince his mom […]
Avoiding the zombie investor apocalypse plague
If you own stocks without a hedge, it’s not rational… it’s like owning a house without insurance. — Nassim Taleb The late actuary Jeremy Gold. Mayhaps you have heard of him but… in all likelihood you have not unless you read pension news on a regular basis. He is the mathematician who discovered there was […]
Drunken fist kung-fu savings
Back when I was a tweenager, I started taking Karate lessons. I never got that good at it until I met this guy Jim, who helped me figure out how to defend myself as a 130lb weakling. Anyway, at the time, there were a bunch of bigger guys in the dojo, all of whom could […]
Why you should never do business with this scamster
Some poor shlub who was having a bad day decided to troll one of my YouTube videos: *** “Whole life is a scam and anyone selling it is a scamster” *** Translation: “I have no rational argument against whole life insurance. I’m just really, really, mad.” I love receiving such comments because it means I’ve […]
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 […]