Blog Posts
Is Fair Value Obsolete?
The Fair Value concept holds that stocks, and the market in aggregate, have a value based on past, current, and future estimates of earnings. To oversimplify, when you buy a stock, you buy a piece of a business. The questions to ask when buying a stock are what has...
Forced Retirement Savings Coming to Connecticut
Connecticut is becoming the second state in the country to mandate retirement savings. The controversial bill will force most employers (not currently offering a retirement plan) to offer automatic enrollment for employees in a state sponsored plan. Details and...
Emergency Funds should be Replaced with an Emergency Strategy
Here is the old way of looking at Emergency Funds: Keep 3 months of take home pay set aside if you are single, a renter and have a steady paycheck. Keep 6 months of take home pay set aside if you are married, have kids, and have a mortgage Keep 9-12 months of take...
The “Emergency Fund” Rule of Thumb is Broken
I have a problem with how we view the “emergency fund” and I believe that there is a better way to think about emergency savings. Recently, Forbes ran an article discussing how much should be in your emergency fund – the money set aside to cover unexpected expenses...
Should I Pay Off My Loan Or Invest In The Market?
“Should I pay off my loan or invest in the market?” is a question we’re commonly asked. There are a lot of ways to approach this issue. The following article does a great job of breaking the decision points down. Link to article
Today is Tax Freedom Day!
As of today, the taxpayers of the United States have collectively earned enough money to pay the Federal government’s tax bill for the year. Bad news, it doesn’t include State Tax Freedom Day, which for Connecticut is May 21st (The latest of all 50 states). Interested...
5 Theories Why Americans Don’t Save More
The Atlantic recently published an article in which they outline five compelling theories why Americans don’t save more for the future: Americans stopped saving when their incomes stopped growing The poor and middle class went into debt to buy houses U.S. policies...
2015, Just The Numbers
Earnings for the 500 largest U.S. companies; the S&P 500 are reported in two ways. First is reported or GAAP (Generally Accepted Accounting Principles) earnings. This number is what is reported to the SEC. The second is operating or non-GAAP earnings. Companies...
Negative Interest Rates: A Grand Experiment
Frustrated by the fact that your savings account isn’t paying you any interest? It could be worse. Imagine putting $10,000 into your savings account, getting no interest and you have to pay the bank $60 per year in addition to any bank fees. No longer does the bank...
The One-Page Financial Plan: A Book Review
I recently read Carl Richard's “The One-Page Financial Plan” and was impressed with Richard’s approach to working through some complex financial issues. In particular, he focused almost exclusively on the emotional issues that investors face. What does money mean to...
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