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Lay Down the Law

John Lim  |  September 20, 2018

I DON’T KNOW about you, but there are things I wish I had learned when I was young—say, at the ripe old age of three or four. I wish I had learned another language. I wish I had started the violin. I wish someone had taught me math and not just how to count to 10.
I believe we can learn all these things and more at a very early age. Why? Because we are human sponges when we’re children.

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Twelve Rules

Phil Dawson  |  September 19, 2018

JORDAN PETERSON, a Canadian clinical psychologist and professor at the University of Toronto, has thundered onto the cultural scene, thanks in large part to his book 12 Rules for Life: An Antidote to Chaos. I began reading with healthy skepticism, but quickly became a fan.
Not that the doctor and I agree on all points. But the book immediately confronted my intellectual laziness in a careful but unavoidable way.

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Harder Than It Looks

Jonathan Clements  |  September 18, 2018

PICKING WINNING stocks seems so easy—and yet most investors fail miserably. Why? Partly, it’s the nature of the stock market, with its fierce competition, unavoidable trading costs and gains skewed toward a minority of shares. But partly, it’s the emotional pitfalls that trip up all too many investors. I pull together these various threads in my latest article for Creative Planning—and offer eight reasons the apparently easy money so often proves elusive.
Follow Jonathan on Twitter @ClementsMoney and on Facebook.

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Viva Las Vegas

Richard Quinn  |  September 18, 2018

I AM NOT an investment expert. I am befuddled by such things as puts and calls. Who is putting what where?
I do know the difference between stocks and bonds. I know that bond prices go up when interest rates go down, and vice versa, and I eventually figured out why. I also know stock markets are used to raise capital and that shareholders are actually owners of a company, but with little power or influence,

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Just Like Warren?

Adam M. Grossman  |  September 16, 2018

THE NOTED PHYSICIST Lord Kelvin reportedly declared in 1900, “There is nothing new to be discovered in physics now.” In the annals of inaccurate proclamations, this one stands out. Just a few years later, Einstein published his Theory of Relativity and, in the following years, proceeded to upend many of the scientific world’s longest standing and most deeply held beliefs.
The world of personal finance witnessed a similarly inaccurate prediction 76 years later. When the newly formed Vanguard Group launched its first index fund,

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Newsletter No. 32

Jonathan Clements  |  September 15, 2018

WHAT WILL IT TAKE to achieve a better financial life? It all starts with asking the right questions, as I explain in HumbleDollar’s latest newsletter. Some examples: If money were no object, what would you change about your life? If you were out of work, how long could you cover expenses before having to take drastic financial steps? In late 2008 and early 2009, did you buy stocks, sell or sit tight?
In all,

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Archie Is Scum

Jonathan Clements  |  September 14, 2018

A FINANCIAL PLANNER called Archie Nickel is stealing entire articles from HumbleDollar and posting them to his own site—without permission. In the online world, it’s fine to link to interesting articles elsewhere on the web. But it’s a no-no to swipe entire articles. I’ve endeavored to contact the nefarious Nickel, by posting comments on his site and via Twitter, but he’s ignored my requests to stop purloining this site’s blogs and and to remove the blogs he’s previously stolen.

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Lucky One

Dennis Friedman  |  September 14, 2018

I OFTEN WONDER: How did I manage to retire early, at age 58? I wasn’t born with a silver spoon in my mouth. I never earned a large salary. I wasn’t a very good investor. I didn’t start saving for retirement until I was in my late 20s.
My future did not look bright. I graduated from college at age 23 with a degree in history. There were not many job openings for a history major.

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Running in Place

Richard Quinn  |  September 13, 2018

THE FEDERAL GOVERNMENT today released an inflation measure that’s closely watched—for no good reason.
At issue is CPI-W, the Consumer Price Index for Urban Wage Earners and Clerical Workers. In July, it stood at 246.155. August’s level, which was released this morning, was 246.336. July and August’s levels are two of the three months used to calculate the annual cost-of-living increase for Social Security retirement benefits. The CPI-W for September will be the final factor in determining 2019’s benefits increase.

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No Touching

Julian Block  |  September 12, 2018

RECENTLY, I STARTED advising three entrepreneurial brothers who are the controlling shareholders of three companies with several hundred employees. All of their companies are presently short of operating cash and unable to borrow from banks or other conventional sources. Without quick infusions of funds, they’ll likely go under.
They won’t be able to pay skittish suppliers who refuse to extend additional credit, even if the brothers guarantee payment. Nor will they be able to meet payroll for employees.

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Tortoises Needed

Richard Quinn  |  September 11, 2018

I HAVE A FRIVOLOUS routine. I buy $40 in lottery tickets on the first day of each month. Many years ago, this was part of my retirement plan—the years when I was young and foolish, or maybe just foolish.
For as long as I can recall, I’ve had a premonition of receiving $14 million, either from a long-lost relative or from the lottery. Time is running out, however. That relative appears to have forgotten about me.

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Any Alternative?

Adam M. Grossman  |  September 9, 2018

THE STOCK MARKET recently hit yet another all-time high. But instead of unalloyed glee, many investors are struggling with mixed emotions. They’re thrilled at their gains. But at the same time, they’re hesitant to put more money into a market that has already gained so much.
Result: Folks have been asking, “Isn’t there anything else I can buy?” Often, this leads to questions about alternative investments. Below is an introduction to the topic,

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Striking a Chord

Jonathan Clements  |  September 8, 2018

WE CAN GATHER financial facts and research issues. But what we learn will always be tainted by what we’ve experienced.
As I mentioned in last week’s newsletter, anecdotal evidence often proves more powerful than statistics. I’m talking here about the same phenomenon—but writ larger. What we read in articles and books is scant competition for the informational scraps we collect throughout our lives: the comments our parents made, the milieu we grew up in,

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Starting Over

Dennis E. Quillen  |  September 6, 2018

I WILL NEVER forget that New Year’s Day nearly two decades ago. My life changed forever in a matter of minutes. I received in lightning bolt fashion the devastating news that my wife of nearly 40 years was filing for divorce. Looking back, I should have seen it coming. But at the time, I was totally unprepared. I didn’t know it then, but I was part of the initial wave of “gray divorces.”
No football bowl games that New Year’s Day.

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That’s Rich

Richard Quinn  |  September 5, 2018

I FEEL WEALTHY. I spent the morning in an upscale shopping mall where, as you stroll along, you can see Bentleys on display. Even the store clerks are a bit snooty. Once I was shopping for a gift and the clerk asked if I could afford the handbag I was considering. I guess, on that occasion, I didn’t look wealthy enough.
When I go shopping with my wife, I don’t feel wealthy. Instead, all I see are items we shouldn’t buy.

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