S Mar 7, 2014
Let’s call it the Better Monkey Solution. It will allow you to be your own portfolio manager.
I’m serious. Even if you think yourself permanently witless as an investor, you can do this. Two guardian angels, time and low expenses, will be on your side.
Many people are happy to declare their total incapacity when it comes to managing their own money. But they are dead wrong about their incompetence. You don’t have to be a card-carrying member of Mensa to take care of your finances. You don’t have to find your inner Whiz Kid. All you have to do is pursue low costs and simplicity. Do that and you’ll have a high probability of doing a better job than all those folks who use your money as their Mercedes payment. read more…
S Mar 5, 2014
Q. I will turn 50 in May. My investment portfolio is based around your Couch Potato recipes. It hit the half-million dollar mark in the last quarter of 2013. My work-sponsored 401(k) is valued around $600,000 and I have about $100,000 in cash reserves.
I have worked over 25-years in a stressful but well-paying career. I am now dreaming of scaling back. I want to take some time and enjoy life again. I bought a small condo several years ago in Las Vegas. It is paid for, no mortgage. I have a home in Ohio valued at about $275,000, with a remaining mortgage balance of $74,000. The note is a 5-year ARM at 2.79 percent, maturing in 2017. read more…
A Mar 3, 2014
Earlier this week, my wife Pele and I crouched beside a small fire, a handful of miles from the Chinese town of Yungshuo. Keeping us company was a school principal and an elementary teacher. The principal added charcoal to the wok-like pit as carbon monoxide rose from the flames.
We weren’t on a winter camping trip. Instead, we were in a Chinese school’s administrative building, which doubled as a teacher’s staff room. Pele and I were there as part of a service trip with 20 tenth grade students from Singapore American School. read more…