Earlier this morning I received an email from TD Ameritrade saying that my account had a negative balance. My face got numb and stomach tightened. No! No! It had been a few weeks since I last logged on. What happened? Quickly, I logged in and saw that both of my Ameritrade accounts had the balances [...]
Posts under ‘Finance’
Tony Robbins on the Current Financial Situation
Last week Tony Robbins posted a 24 minute warning on the current financial situation. He covers credit, consumer spending, investor psychology and most importantly demographics. If you want to know my core financial thoughts, watch this video. He nailed it. h/t HousingTimeBomb (a great concise blog)
My 401k Advice to the Unemployed
I’ve probably said something similar in the past, but I want to be clear about how I would invest my 401k if I recently lost my job. My strategy is based off hedging risk. The primary risks an unemployed worker with a retirement account faces is that they won’t get a job and that the [...]
Vindication
In 2005 I watched the real estate craze from a front row seat in San Diego. My home value rocketed up to insane levels. Those with homes were drunk with excitement on how much money their home was worth. I got suspicious, just like I got suspicious during the craze of the dot-com days. After [...]
The Fitness Finance Analogy Updated
Over the past 15 years I’ve been known to say something like this: Weight training is like a 401k. You don’t see the results right away, but over time they add up. Cardio is like a weekly paycheck. When the week is over, you no longer continue to accumulate benefits. Given that I know more [...]
