A friend called me a few weeks ago wondering if I had time for a personal finance question. I was watching “Shark Tank,” so I was primed for a talk about money! He’s upgrading to a bigger house and needed … Read more
People don’t often share their investment mistakes. Can you recall the last time a friend or colleague mentioned how inept they are at managing their investments? First, most polite people have been raised not to openly discuss their finances. Second, … Read more
Graduation season is upon us, and you, like me, may be pondering what to get our loved ones. Thinking back, I remember four letters that meant a lot to me when I was graduating: C-A-S-H! But that’s too boring. This … Read more
In sixth grade, I’d take my allowance to Phil’s Pizza, exchange the bills for quarters, and feed a week’s worth of funds into the Pac-Man machine. Within 15 minutes, I was broke. To behavioral economists, I was a case study … Read more
At 39 years old, I was unprepared for breast cancer. With no family history of the disease, I had my first mammogram about a year ago. Two days later, I received a call suggesting that I return to the office … Read more
I started Vanguarding in 1997. Since then, I’ve developed better financial behaviors. I pay myself first, automatically directing cash from my paycheck to investment accounts before it can burn a hole in my pocket. I diversify widely, limiting my exposure … Read more
We’ve all come across the magazine and web quizzes. Answer five questions and you can find out what kind of exerciser, dieter, or driver you are.
I thought I’d have a little fun and apply this exercise to investors. I’ll … Read more