Growing up, my friends and I often attended the horse races. One afternoon, I hit an exacta and won $150 – a fortune for me at the time. I bought dinner for my friends with my windfall.
Financial windfalls can come from various sources like an acquisition, year-end bonus, tax-refund, or lottery...
Operation Varsity Blues is the FBI investigation used to charge 50 people “with being part of a long-running bribery scheme to get privileged kids with lackluster grades into big-name colleges and universities.”[1] The FBI sting netted two actresses: Felicity Huffman from Desperate Housewives and...
Free Solo is a remarkable movie about Alex Honnold’s ascent of El Capitain. It was a masterpiece of a movie and the voters agreed as it won an Academy Award® for best documentary feature. The New York Times said, “Alex Honnold’s Free Solo climb should be celebrated as one of the great athletic feats...
A watched pot never boils, or so I’m told. When I was much younger, I put this theory to test and, to my surprise, the water did boil as I kept my eyes glued to the pot.
Watching water boiling, grass growing, or paint drying is boring and a waste of time. Similarly, watching your investment...
Warren Buffet recently published his much-anticipated annual letter to shareholders. Per usual, it was chock-full of wisdom.
Mr. Buffett started investing 77 years ago with an investment of $114.75 in Cities Service Preferred Stock. Had he invested this amount in an unmanaged S&P 500 Index fund it...
Most investors have heard of Warren Buffett, Peter Lynch and Sir John Templeton, but what about Herbert Wertheim? Dr. Wertheim is worth $2.3 billion according to Forbes. In a recent Forbes Magazine article, he credits his substantial wealth to buying individual stocks and holding them forever. Dr....
To buy, or not to buy, that is the question.
A home can be both an asset and a liability. Over time, real estate is a solid investment, but in the short-term it can cause financial heartache.
My parents have lived in their home for more than 45 years and they have significant equity. They’ve used...
The person who dies with the most toys – loses!
John Bogle, the founder of Vanguard, recently passed away with a net worth of $80 million. By Wall Street standards $80 million is pocket change, especially for someone who founded one of the largest investment and asset management firms in the world....
Dr. Daniel Crosby is the author of The Behavioral Investor. In his book he highlights a story about Fidelity Investments and their attempt to identify their best performing retail accounts. They found that the individuals who owned these accounts had forgotten they existed, or the original account...
The Hallmark Channel has hit the motherlode with their romantic holiday themed movies. Women of all ages are attracted to their shows, especially women between the ages of 25 to 54. My wife is a huge fan of their movies, especially during the Christmas season. She says, “I love a good love story,...
Henry Ford is credited with revolutionizing the auto industry and was on the forefront of innovation by creating the assembly line. He paid his employees $5 per day so they could purchase the cars they were manufacturing. He once said, “If I had asked people what they wanted, they would have said...
What did the market do today? Was it up? Down? When people refer to the “the market” it’s usually the S&P 500® Index. But what is it? It’s a key benchmark money managers, mutual funds, and other professionals use to measure performance.
The S&P 500® Index is a collection of the 500 largest...