Tracking your expenses is the easiest way to get started on a financial plan. Try keeping track of all your income and all your outgo for a month. Get a small notebook and start writing down all of your expenditures, no matter how large or how small. Write down all of your income, too, including… [Read More]
Money Smart Week has come to an end. The goal is great: to get people handling their money more responsibly. After all, money represents hours of work, and you should use your time for things you want and need. The key to financial security is to live on less money than you make, then get… [Read More]
This semester, I’m teaching a class at UIC on business, finance, and American culture. It’s a lot of fun to teach, and (I think) the students get a lot out of it. The class has started making their final presentations, and the first batch was really good. Three of the books assigned are The Jungle,… [Read More]
I know about finance from several perspectives. I have a traditional academic background and teach traditional corporate finance (efficient markets, rational actors, time value of money). I worked for an investment company and two investment bank, so I have a real-world perspective (people are irrational, bubbles and crises are more common that you might think.)… [Read More]
Recently, a hole wore in the sole of one of my favorite pair of shoes. The shoes weren’t terribly expensive, and I almost threw them out. But then it occurred to me: the shoes were comfortable and they filled a need in my wardrobe (which is why they wore out). Even if a new pair… [Read More]
Hedge Funds for Dummies, 2e
My first book has been completely revised! Updated to reflect changing markets, accessible strategies through ETFs, and new potential due diligence pitfalls.
Day Trading for Dummies, 5e
With five revisions, countless interviews with successful traders, and lots of research, this is the definitive guide to getting started, managing risk, and staying in the game.