As we begin preparing for our move we’ve been poking thru our various boxes and bins looking for stuff we don’t want to pay to move. Which, for me, is just about everything. I love getting rid of stuff. In one of those plastic bins (the oversized version) is my daughter’s collection of Beanie Babies. … [Continue Reading]
Index Investing, A Brief History of Vanguard, and the Case for Average Returns
Over on the post Magic Beans reader Mark had this to say in the comments: “Being a Boglehead myself, I read the ERE article to see what he had to say. I had to sigh when I got to this: “Index investing is basically equivalent to a buy and hold strategy with very low turnover of a… [Continue Reading]
Magic Beans
For supposedly rational creatures we humans seem irrationally drawn to Magic Beans. Being a geezer I’ve been around long enough to see quite a few flavors come and go. What they all have in common is that by the time you start reading about them everywhere, the end is near. Let’s see… I remember Growth… [Continue Reading]
Dividend Growth Investing
Update by JL’s Team Fact check time: If you’re considering single stock dividend investing (against JL’s advice, of course) versus index investing, in 10 years which will provide a better return? JL first published this post in December of 2011, and we wanted to see if his advice passed the test of time. JL references… [Continue Reading]
The. Worst. Used. Car. Ever.
Spitfire Back in 1977 I was renting a little studio up in Rogers Park, a neighborhood on the far north side of Chicago. I was young, single, employed, carefree and making some bucks. I needed a toy. A sports car. That’s the ticket. I lived in the city. I didn’t own a car. Didn’t need… [Continue Reading]
What we own and why we own it
Note: This 2011 post was updated in 2018… What we own and why we own it: 2018 In the simple path to wealth I created for my young daughter nine basics guidelines. Readers noticed that the plan called for only one investment: VTSAX — Vanguard Total Stock Market Index Fund. Here’s why: 1. VTSAX is an Index Fund at… [Continue Reading]
How I Failed My Daughter and a Simple Path to Wealth
Literally since the day she was born people have been complimenting my daughter. Her looks, her brains, her charm (she takes after her mother) and her behavior. For that last one I sometimes get credit. Not that I deserve it. Mostly I’ve stood by and simply watched in awe and tried not to get in… [Continue Reading]
Why you need F-you money
Shortly after 9/11 my company kicked me to the curb. Six months earlier our division president had taken me to a congratulations lunch for a record breaking year. We were explosively growing and embarrassingly profitable. Over a bottle of fine wine we discussed my very bright future. It was the best job I’ve ever had. … [Continue Reading]
Why I Can’t Pick Winning Stocks, and You Can’t Either
Don’t feel bad. Most pros can’t either. Indexing vs. active management is always a fascinating debate, at least for us stock geeks with nothing better to do. Over the decades I’ve been on both sides of it at various times. For a very long time I laughed—ha, ha, ha, ha—at the indexers. I made all… [Continue Reading]
The Monk and the Minister
OK, let’s get this blog off and running. Here’s one of my favorite parables to get us started: Two close boyhood friends grow up and go their separate ways. One becomes a humble monk, the other a rich and powerful minister to the king. Years later they meet. As they catch up, the minister (in… [Continue Reading]
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