That’s an easy one, right? I got my mortgage from Fred’s bank downtown. They hold my mortgage. I know. I filled out my paperwork there and that’s where I send my payment (we’ll get back to this is a sec). And to a large degree, most of us don’t really care. We probably did a […]
Who Owns My Home Mortgage? Read More »
I’m on a news diet. I have a flipboard feed that I look at a few times a day and I’m sticking to stories on new technology or classic cars. Did you know a 1967 Corvette just sold for over $3 million??? That’s news. That’s nice! You can read the details at hotcars if you’d
We’re Doing What In Massachusetts??? Read More »
This morning, I read 2 very informative articles on clark.com. For those who haven’t followed closely, Clark Howard is my favorite cheapskate. I was first introduced to Clark on my favorite podcast. He talked about a few ways to save money. The one I remember most was his advice to use a shaving razor blade
Stealing From Clark. Some Interesting Stats on Stocks and Market Returns Read More »
Today we’ll be picking on me. Most of the time, I’m smart (or lazy) enough to pick a diverse basket of companies and mutual funds in which to invest and then I go about my business. But sometimes, I feel the need to outsmart the market. Perhaps I can make a killing by reading the
Most Investors Are Terrible At Predicting The Future Read More »
Bonds are typically considered a safe asset. Today we’ll talk about the risks and look at some actual examples to demonstrate how, as an investor, we could lose money investing in a bond. What is a Bond? Simply put, a bond is a loan to a corporation or government entity. The bond buyer (us) provides
How To Lose Money On Bonds Read More »
Monday morning I spent some time at my local Apple store. My visit reminded me what a great company Apple is. And before we dive in, I like to differentiate great companies from great investments. To me, there is a difference. I think of a great company as a company that provides an oustanding product,
Apple Is A Great Company Read More »
Towards the end of each year, I do an annual portfolio review. I’ve written about this here and here. This year I had some help. Grok helped me plan a vacation and helped me come up with a tax minimization strategy using Roth conversions so I thought I’d have him check out my portfolio. Privacy
3 Keys to Navigating Uncertainty Read More »
How nice of him, Right? My wife and I are both retired and the winters are looong here in Massachusetts. We try and get away someplace warm every year. Last year we spent a week in Key Largo. The year prior, we had spent all of January down south. We drove so that our dog
Grok Planned My Winter Vacation Read More »
I was not totally surprised to read this over the weekend at The Daily Upside. The article is a worthwhile 3 minute read, but if you don’t have time (and who does these days??), here’s the premise. Pensions The first important point for all of us to understand is that pensions have gone the way
Hello Gen X. Please Contribute to Your 401k. Let’s Talk About Why. Read More »
Many finance experts view extended warranties as a virus. Stay away! I’m not convinced and I’ll tell you why. Full disclosure. I worked for 6 months as a part-time used car salesman. I know. Pretty glamorous, huh? Most of us car sales folks get paid when you purchase an extended warranty. Which is unfortunate, because
Why You May Want To Consider An Extended Vehicle Warranty Read More »