We all know it, we’ve all heard it over and over and over: don’t put all your eggs in one basket. Well, don’t do it! Do you need a few reasons? Here are three: One: Diversification improves performance. This is so simple. Different asset classes perform differently at different times, so holding a mix of… [Read More]
Blog
Category: Financial Advice
Paying for High School: Scholarships for Chicagoans
This has proven to be one of the most popular posts on this blog, so it’s time for an update. The good news is that the update comes with more resources! Although the big bills are for college, the reality is that many students are not well served by their public high schools. We could… [Read More]
Miscellaneous items in my in-box, November 23, 2013
So much interesting news in this most-interesting economy, yes? Among the items that caught my attention: The Economic Policy Institute has a new analysis on Federal Reserve policy that favors low inflation. This is important because there’s a tradeoff between inflation and employment; in general, high inflation is associated with high levels of employment and… [Read More]
My thoughts on the holiday shopping season
I appeared on the November 17, 2013 edition of WLS-Chicago’s Newsviews program, talking about the holiday sales outlook. Part 1: Part 2:
Cash is still the king
I prefer to use cash as much as possible. It makes me mindful of my spending, and it is accepted everywhere. Yesterday, I had lunch with friends at their high-rise apartment. I parked in the building garage. When it was time to go, I realized that I left my wallet at home. Would they take… [Read More]
