If You Want to Play The Investment Game…Know These 4 Rules

Photo: Pixabay This week I want to talk about the exciting world of investing. Not the boring, passive, safe way to the upper middle class that I recommend frequently, but the high conviction, high stakes kind of investing. This is for all of those people that pick stocks or think they can choose someone who…

The Scars of the Great Recession

Visualizing the Crisis Across America Despite the unemployment rate being at 4.8%, the stock market hitting record highs, and other positive economic indicators in recent weeks, I want to shine a light on those areas of the U.S. where the recovery hasn’t been fully realized. This is an important point to be made because there is…

The Fees Are Too Damn High

How Active Funds Have Cost Investors Over $250 Billion You read that right: The fees are too *** high and they have cost investors over $250 billion since the year 2000. I am talking about fees charged by actively managed mutual funds in comparison to their passive fund counterparts. To examine this, let’s begin with the…

Inequality and Justice For All

The Future of Economic Outcomes in the U.S. This week I want to discuss what I believe will be the most important economic issue in the coming decades: income and wealth inequality. However, before I dive into this, I want to emphasize that inequality by itself is not necessarily a bad thing. In the U.S. most…

The Poverty Myth

What I Learned From How Americans Spend Their Money Before I show you the data for this week’s post I want to talk about a myth I have seen in the personal finance industry that I used to agree with. The myth is that the poor are poor because they have bad money management skills and…

Where to Invest When You’re Investing

An Introduction to Asset Allocation Every single day I see a question like this online: “I just saved up $1,000 and want to invest. Where should I invest my money?” Besides investing in yourself, there is one way in particular that has the greatest chance of making you the most money for the least amount…

Don’t Follow Your Passion

Why Some Careers Are A Gamble Don’t follow your passion. Actually…it depends. If your passion is in an industry with a wide distribution of economic outcomes, then you might want to consider a different line of work. Let me explain. It seems obvious that certain occupations are less equally distributed in terms of financial outcomes than…

Why Manufacturing Jobs Aren’t Coming Back

One Chart Explains It All There has been a lot of talk lately in the media about bringing manufacturing jobs back to America. Regardless of the politics involved with this, both sides of the aisle tend to believe that we can revive employment in U.S. manufacturing. The problem is that the data tells a much different…

Average Net Worth by Age and Education Level

Are you saving enough? What is the state of your financial health? The best way to tell is through your net worth. Your total assets minus total liabilities. More simply: what you have minus what you owe. Despite the simplicity of this calculation, most of the net worth calculators and comparisons I have found online…