If you're in the right mood, there's something a little bit depressing about the subject of investing: how boring it is. An easy way to think about this is that if you make the maximum contribution to a 401(k) and IRA every year, for 20 years, at the end of that 20 years, you'll be rich. How rich you'll be depends on a lot of factors, but the fact you'll be rich doesn't depend … [Read more...] about Differences between non-retirement investment options
Archives for July 2018
The rhetorical confusion between the administrative and regulatory states
On the occasion of a new Federalist Society nominee to the Supreme Court, I thought it'd be worth explaining a set of issues that are going to repeatedly come before the Court in the coming decades, and explain a confusing set of terms that arises from those issues. The "Administrative" Procedure Act is about regulation, not administration The Administrative Procedure Act … [Read more...] about The rhetorical confusion between the administrative and regulatory states
Thinking about Vanguard’s no-transaction-fee ETF announcement
The finance blogosphere has been ablaze the last week with Vanguard's announcement that they'll be eliminating trading fees on an enormous swathe of ETF's that currently cost $7 to buy and sell. Reducing transaction fees is an unalloyed good for investors, but I think there are some interesting additional consequences of the change to think about. What's happening On July 2, … [Read more...] about Thinking about Vanguard’s no-transaction-fee ETF announcement