I was going through posts on my old blog and uncovered this financial book review. It was written in October 2004, which was a time when using leverage to flip condos was cool and saving money was boring. Boy have times changed. The Millionaire Next Door is by Thomas J. Stanley. From October 2004: I [...]
Posts Tagged ‘savings’
R-Score of 126
Nationwide Bank has an online test that calculates your R-Score. The R-Score is your retirement score. According to this mini-wizard, I’ll have 126% of what I need to maintain my current standard of living when I retire. What is 126% of my current lifestyle? Instead of a 1200 square foot apartment in Bellevue, does that [...]
Betting Against The Market
Back in December, I explained how one could bet against the market easily by using ProShares Ultra Inverses. This can be risky investing. You either win big or lose big. Timing is important and you really should pay attention to the market daily. Another option is to invest in a mutual fund that is betting [...]
The Savings Rate is Nonsense
Today the AP is bemoaning that the savings rate in the USA hasn’t been this low since 1933. Another jab at Americans for being irresponsible. Yet the truth is Americans put more money in their retirement funds than EVERY OTHER country on the planet. When it comes to planning and preparing for retirement, we are [...]
