How about robots that can repair themselves? According to this WSJ article, the future may not be too far away. Fanuc, a Japanese company and maker of robots has purchased a 6% stake in Preferred Networks, a start-up focused on artificial intelligence. I have owned Fanuc in the past although we do not currently own any shares. Personally, I had first-hand … Read More
The Biggest Threat To Your Portfolio
The Biggest Threat To Your Portfolio is a well-written piece by Josh Brown at The Reformed Broker who highlights that all of the current noise going around in the financial markets such as Greece, China, or the Federal Reserve is not the biggest enemy of your portfolio. The biggest threat to your portfolio is you. Brown notes in his article, … Read More
14-Day Plan to Radically Improve Your Finances
According to a survey by the National Foundation for Credit Counseling, less than half of Americans keep close track of their spending, and nearly 30% aren’t saving for retirement. I wouldn’t call the 14-day plan below necessarily radical. I would call it a very straightforward approach that radically changes your life. As with many things in life just taking that … Read More
A Dozen Things I have Learned From…..
Two financial and investment bloggers that I follow on a regular basis are Barry Ritholtz and Ben Carlson. Another blogger whose content that I also read is Tren Griffin. Griffin runs 25IQ, a blog about business models, investing, technology, and other aspects of life that he finds interesting. He works for Microsoft; Previously he was a partner at Eagle River, a … Read More
Most investing is simple, but we complicate it
I am a big believer of simplification, especially when it comes to investing where there is still a significant amount of luck involved with investment returns. There is up to a certain point where a high IQ helps you before it starts to hurt you in the investment world. Morgan Housel of the WSJ touched on this in his article in which he zones in on … Read More
The Millionaire Next Door
According to research by Thomas Corley author of “Rich Habits: The Daily Success Habits of Wealthy Individuals,” and “Rich Kids: How To Raise Our Kids To Be Happy And Successful In Life.” it takes the average self-made millionaire 38 years for 52% and 42 years for 21% to mint their first million dollars. Only a handful, 4%, became wealthy in less than 27 years. … Read More
Social Security Strategies
I received an email recently to remind me to check my annual Social Security Statement. Typically these statements would be mailed to you every year but the agency did away with that practice for most people a few years ago in order to cut costs. Setting up an online account is easy and you get to see more options compared … Read More
What You Can Do to Get Your Best Return on Your College Education Investment
As startling as these college stats are below, it reminds me of a phrase that I often use with clients who plan to help put a child through college, “you can always get a loan for college but you can’t get a loan for retirement.” However, some people I believe potentially miss my point. There has to be a conversation … Read More
