Become a Patron! One of the most immediate consequences of the laziness of finance and economics reporters is that they're incapable of exerting themselves to understand any issue that doesn't affect them personally. Since journalists are also savers and investors, at least through their retirement plans, if a source says something about mutual funds or retirement accounts … [Read more...] about Understanding one (positive) nuance of the latest federal relief
Archives for December 2020
Become a Patron! When financial professionals talk about investing, the conversation invariably turns to the question of "risks." This is a term of art only vaguely related to its everyday meaning. Ordinary people don't talk about "upside risk," for example. That's the possibility that your investment will perform better than anticipated — not a problem for an ordinary … [Read more...] about How big a deal is reinvestment risk?
Become a Patron! Ever since I took my first job in college as a sandwich artist, I've been suspicious of the American reluctance to talk about money. The franchisee scumbag who hired me told me how much I'd be making, and told me not to tell any of the other employees. The message was clear: he was going to be paying the white, male, inexperienced college student more than … [Read more...] about Is investment behavior “coaching” possible?