I went mountain bike riding this morning with a group of guys, good guys, and I got dropped like a hot potato. I could not keep up. Their bikes were dual-suspension, and a couple rode e-bikes while mine was a lowly hard-tail, equipped only with pedal power. It was a humbling experience, but I...
Goodbye, 2022, and good riddance. Don't let the door hit you on the way out. What a brutal year for investors, as most asset classes lost money. In hindsight, I should have buried my money in the backyard or stuffed it under my mattress.
The S&P 500 is having its worst year since 2008. and long...
Winter is cold, wet, and dreary. Overcast skies, low temperatures, and icy roads are the norm in parts of the world, and some people don't like this season. I get it. I lived in Connecticut for a few years after growing up in sunny Southern California. My first winter was depressing; I sometimes...
As the end of the year approaches, you may have thoughts about quitting your job and starting fresh next year. January is ideal for changing careers, returning to school, or starting a business, and it appears several people on my LinkedIn feed have already made a change. Moving to a new company or...
The Phoenix, a Greek mythical character, is considered an immortal bird that rises from the ashes of its predecessor.[1] Of course, it is a myth, but the image of one rising from the ashes to get a new lease on life is powerful. We all want a second shot or do-over, especially with investing.
I...
The Social Security Administration is chockfull of data, and its website is a valuable planning tool. Below is some useful information.
- Sixty-six million Americans are receiving a Social Security benefit totaling one trillion dollars. As a comparison, the US GDP is $25.7 Trillion.
- Sources for...
Are you struggling to find the perfect gift for your loved ones? Are you having trouble buying something for the person who has everything? Do your loved ones need another pair of socks, matching pajamas, or decorative hand towels? It can be challenging to buy gifts for others, so here are a few...
It is the eating season – Thanksgiving, Christmas, and New Year's, when there will be plenty of food and leftovers. I love the day after Thanksgiving because I can make a huge turkey sandwich on sourdough bread with guacamole. As we approach the end of the year, you might have corporate leftovers...
My wife is wicked smart. She earned her Ph.D. in Gerontology and Public Policy from the University of Southern California. She is a ferocious reader who tackles projects passionately and researches them intensely. Each night we take long walks to discuss various topics and try to solve the world's...
The market turmoil and volatility are causing heartache for investors, and rightfully so, especially those in retirement. Losing a paycheck after a lifetime of employment is terrifying, but not having a steady paycheck in a down market is even worse. However, we can't control the market, but we can...
Cryptocurrency exchange FTX is imploding and needs to raise money, and it has halted customer withdrawals as it explores its options.[1] FTX sponsors the Miami Heat Arena and Major League Baseball, endorsed by Tom Brady, Gisele Bundchen, Steph Curry, and Shohei Ohtani. Its bright light attracted...
Stay the course is boring financial advice, and people hate it, especially when stocks fall. Doing nothing is challenging; it's hard, and it feels like a cop-out. When stocks fall, clients want action; they want to rearrange the deck chairs and take control of the situation, but it could do more...