Here at Saverocity, our glorious leader Matt and I have a difference in opinion, which is always more fun than agreement, so I thought I'd take a few minutes to give the strong form of our disagreement. I don't think either of us actually holds the strong form of these opinions, but the strong form illustrates the difference most dramatically. Anyone who has met Matt knows … [Read more...] about Accelerating payments versus making good decisions
The other day someone on Twitter linked to this very interesting essay by Marc Andreesen of Andreesen Horowitz, the prominent venture capital firm, which I highly recommend if, like me, you missed it when it was published in 2014. I think the essay crystalized for me two points in the cryptocurrency/blockchain discussion that are sometimes passed over or muddled. The … [Read more...] about Bitcoin seems fine, but there’s no reason to own any
Roth IRA's are interesting vehicles because, among other things, contributions can be withdrawn at any time penalty-free. Since contributions are capped annually but can be withdrawn at any time penalty-free, this leads to the following logic: make your maximum contribution each year whether or not you intend to invest it. After all, if you need the money later you can always … [Read more...] about How good are Roth IRA’s for emergency funds?
I've been meaning to write this post for a while, but this afternoon a podcast I was listening to finally inspired me to put digital pen to internet paper. The question is simple: what is a wealthy individual who despairs over the excesses of capitalism to do with their wealth? The traditional answer provided by capitalism, conveniently, has been to invest their wealth in order … [Read more...] about Investing your values, from easy to hard
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