Inflation is a common economic term and a relatively simple concept. One straightforward definition at thebalance.com by financial journalist Kimberly Amadeo is, “Inflation is the increase in the prices of goods and services over time.” Yet applying the concept of inflation to our income and expenses in a practical way seems to be incredibly difficult.
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When it comes to investing, it’s a losing proposition to try and be anything better than average. I was recently reminded of this important investing precept when I attended a presentation by Ken French, a noted professor of finance at Dartmouth College. If there’s no point in trying to beat the market through “active” investing, […]
Is there anything more important than the overall rate of return you earn on your investment portfolio? Yes, there is. It’s the real rate of return. Over the past five years, even diversified portfolios have earned relatively low returns. Many investors are fearful that this has significantly reduced the income they can expect to receive […]
A Bankrate article by Bruce Fraser that was also published at Fox Business on December 12, 2013, points out the importance of not only building wealth, but also of protecting it. The piece focused on three wealth destroyers: taxes, inflation, and overspending. Rick is one of the advisors cited in the article, titled “3 Wealth […]