If you follow the world of financial advice at all, you know that professional financial advisors don't have much patience for the so-called advisors you find tucked away in the corner of bank branches or affiliated with brokerage houses. Unlike fee-only Registered Investment Advisors, such firms have substantial flexibility to give "advice" that operates in the best interests … [Read more...] about Things I learned from an actual big bank advisor portfolio
Archives for August 2017
Last week Noah at Money Metagame announced he and his wife were considering what he called a "gap year:" taking time off from the workforce to go on an "epic road trip across the country." I thought this was an excellent idea, and told him so on Twitter. Then I started riffing on gap years and realized the thing I liked least about it was the idea of limiting it to a … [Read more...] about If a gap year is good, a gap life is even better
Many people are saying, "sure, I love Independently Financed, but I'm upset there's no way I can express my support in tangible terms, like a monthly contribution." Other people are saying, "Independently Financed is literally the worst blog, but I don't have any way to express my disgust with its author's constant hectoring about entrepreneurship and economic … [Read more...] about Independently Financed has a Patreon page!
There is a question which I find fascinating but which everyone else seems to treat as utterly banal: why do people operate mutual funds, hedge funds, real estate investment trusts, and other investment vehicles for the benefit of other owners and shareholders? After all, if you really believed that a long/short market-neutral trading strategy will generate returns in excess … [Read more...] about Why do people operate investment vehicles?
Ben Sasse, the junior Republican Senator from Nebraska, has begun his campaign for what we used to call the highest office in the land, and he has begun it with a lie. The lie is found in the opening paragraphs of his recently published book, "The Vanishing American Adult, Our Coming-of-Age Crisis — and How to Rebuild a Culture of Self-Reliance," and for your benefit I will … [Read more...] about Ben Sasse is running for President and wants you to buy his book