I am often asked the question ‘what funds are best for my Vanguard ROTH IRA?’ by all types of people, at all stages in their lives. As you might be able to guess, each answer is different. The primary driving factor when deciding your fund allocation is: ‘how many more years until retirement?’These days retirement […]
Archives for July 2013
Lessons from John Bogle’s Second Principle of Investing: Time is your Friend, Impulse is your Enemy
Time is your Friend, Impulse is your EnemyHere Bogle states that developing and maintaining an Investment Strategy over time will be much more beneficial for your portfolio development. And those impulsive decisions will cause harm to your wealth. Personally I feel that there is some truth to this sentiment, as often times impulsiveness regarding investment […]
Being Frugal is so uncool
It’s just not cool to be Frugal, everyone want to ‘live for the moment’ and have a great life. Saving is boring, not having the coolest products, flashiest car and biggest house is a sign of weakness in today’s society. Frugal people are boring, and what’s worse they probably have some sort of disease that […]
Capital Loss Harvesting for the Index Investor
Investors in Index funds are typically following a low cost, long term strategy that is tax efficient by nature. Index funds are funds that track one of the Major Indices such the DJIA, S&P 500 etc… (the etc part is important, and will be the crux of this post). Index Fund investors who follow a […]
The Rules for Offsetting Casino Winnings for Tax Purposes for Non Professional Gamblers
Every now and then we pop down to Atlantic City for a weekend away, as we get access to a great range of comped rooms, dining and entertainment. This trip we were lucky enough to be staying in the Borgata’s Opus Suite, which at 1000 sqft is bigger than my Apartment in Brooklyn, and has […]