Proverbial Living

When we are born. our parents take care of us. As our parents age, we need to help take care of them. Senior scams are rampant. Check out this article on scams targeting older adults and have a conversation with the older people in your life, whether it be a parent, friend, or someone in your … More The Circle of Life

Interesting article about saving for retirement. It suggests that the nation’s poor should not be coaxed into retirement savings accounts. Not sure I agree without further analysis, but it does raise important questions about the priorities we all face in managing our personal finances. I’d like to address one point not specifically mentioned in the … More Retirement Savings Accounts. Who needs them, and from where?

I like the advice from Kobe Bryant in this article. Reminds me of the the proverbial “Give them a fish, feed them for a day. Teach them to fish, feed them for a lifetime.

Invest when you have the money, sell when you need the money. Invest consistent with your goals, both timeframe and risk tolerance. And diversify. Picking a winner is hard. And today’s winner may be tomorrow’s loser. Diversify instead.

Unless you are an experienced investor and/or have a sizable net worth, you should probably stay away from cannabis stocks, along with bitcoin and other newfangled products. But if you do invest, limit it to your “funny” money. By that I mean you should limit it to an amount that is similar to what you … More 13 mistakes cannabis investors should avoid

Despite working in the institutional real estate industry for 20 years, I tend to agree with this article that stocks are better long term investments than real estate for most individuals. But to support their thesis, the author references Case Shiller Index and FHFA statistics on home price appreciation. These are predominantly single family indices, … More Real Estate vs. Stocks?

Many articles compare the two main types of IRA’s, Traditional and Roth, trying to decipher which is better. I think the answer is they are both good, and you don’t need to choose between the two. You can invest in both types concurrently or you can switch back and forth for maximum benefit as your … More IRA: Roth or Traditional? Or Both!

When I first read this article, I thought the financial math was too good to be true. So I made my own spreadsheet to check it. The answer is amazing and should be a wake up call to all millennials and recent college grads as they begin their careers in the workplace. The takeaway? Start … More Too good to be true? Maybe not!