Today I purchased a couple of asset classes that I found very attractive; REIT’s and Treasury strips (via ticker: ZROZ). Lately bonds have been selling off along with all interest rate sensitive sectors. I couldn’t resist jumping into Real Estate Investment Trusts (or REIT’s as they’re called). These are way down in price so […]Read More Bought REIT’s and Bonds today….
“It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of stock exchanges.” – John Maynard Keynes On Friday evening my wife drove to a casino in Oklahoma to attend the Rascal Flatts concert (which was very good by the way!), enjoyed dinner and […]Read More Is Wall Street a Casino? part II
My wife walked up to a machine an hour ago, inserted a $100. bill and by the 3rd spin she hit pay dirt (a whopping $146, ha ha)! She loathes Wall Street, says it’s gambling yet she likes the “penny” slots. Go figure… so is Wall Street anything more than a big casino? More to […]Read More Is Wall Street a Casino?
Financial author William Bernstein offers this very enlightening graph of equity allocation and risk tolerance in his much recommended book, “The Four Pillars of Investing.” I’ve recently written in a previous blog posting found here: “Most financial advisors use an investor’s AGE as a basis for asset allocations (younger investors hold more stocks, older investors […]Read More Equity Allocations & Risk
I would be doing a disservice as a financial blogger (FIRE blogger at that!) if I neglected to write about debt. As a 51-year old pre-retiree its within my best interest to retire debt as soon as possible while building up (and Preserving) the nest egg. While in my early thirties, like a lot of […]Read More Debt…
(Note: the featured pie chart is the asset allocation of the Yale University Endowment Fund, managed by David Swenson) I’ve recently been writing about asset allocations based on risk tolerance. Today I decided to divulge my own personal asset allocation. As a disclaimer, this is based on my own personal risk tolerance as well as […]Read More Allocate…. part III
Asset Allocation Above is a link to the World’s simplest asset allocation calculator. More detailed calculators are found online, which involve asking a series of risk tolerance-based questions. The best, most-detailed I’ve seen is located at Schwab Intelligent Portfolios. You’ll need to create an account (not necessarily fund it, simply register to use the tool […]Read More Allocate…Part II