I’m diligent about reading credit card bills. Once per month, I’ll review the statement and confirm the charges. While checking credit card bills seems obvious, when was the last time you looked at your phone bill? Or your cable bill? How about your monthly subscriptions?
Many baby boomers plan on leaving a lot of money to their children. On the other hand, many millennials will receive a lot less than they think when their baby boomer parents die. It sounds like we have a communication problem.
The latest flavor of New Normal is the Magnificent Seven stocks: Nvidia, Microsoft, Apple, Amazon, Google, Meta, and Tesla. The performance of just seven companies has dominated headlines, driven U.S. stock market returns in recent months, and left investors wondering, “Should I be investing in the Magnificent Seven? Is this a New Normal?”
Daniel Kahneman died on March 27th. Professor Kahneman was a “pioneer of what became known as behavioral economics.” If you’ve never heard of him, you may be surprised to learn the portfolio you own was partially inspired by his research and writings.
Stephen Kreider Yoder and his wife, Karen Kreider Yoder, write a very enlightening column for the Wall Street Journal titled Retirement Rookies. On a recent biking trip through Kansas, they had a near-death experience that made them wonder - do we need a Plan B?
If you or a family member have never been the victim of credit card fraud, pat yourself on the back. But don’t get too confident; your day is probably coming. Kiplinger’s cites an industry survey that says 65% of debit and credit card holders have had at least one fraudulent charge on their account. To say credit card fraud is rampant is an understatement.
While the names of only a few movies make a lasting impression, The Bucket List has enjoyed a long run. The film (2007) was about two men (Morgan Freeman and Jack Nicholson) who ‘escaped’ from a cancer ward and engaged in activities they wanted to accomplish before they ‘kicked the bucket.’
While this scam was easier to detect than some others, you should view every unsolicited email, every random phone call, every text message, and every pop-up with increasing suspicion - because they won't always be this obvious.
We’re not sure there are any more ways to write that market timing doesn’t work, despite the market timing success of your (feel free to fill in the blank with brother-in-law, co-worker, neighbor, or daughter-in-law). As this is an election year, however, you may be convinced that knowing who will win in November will give you a leg-up in the competition (e.g., other investors).
A friend recently told me he was thinking about purchasing a new car. He said the six-year-old car he drives is fine, but he wants another car. He wants a new car. His words: “I’m 76, how many more new cars will I get a chance to buy?” Piggybacking on his thoughts, and amid a bathroom remodel, I asked a variation of the same question: “How many more new toilets will I get a chance to buy?”