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How Much is “Rich?” Income Vs. Net Worth

How much money does it take to be wealthy? As I’ve pointed out in previous columns, this is basically an unanswerable question. It depends on too many variables, such as social norms, personal circumstances, accounting methods, lifestyle, and financial...

Can You Have Your Investing Cake and Eat It Too?

Watch this video on YouTube “You can’t have your cake and eat it too.” As sensible adults, we understand cognitively the truth of this old adage. If there’s a piece of cake on my plate, and I eat it all today, I won’t have any cake left...

Pot Pie Portfolio a Tasty Investment Recipe

Watch this video on YouTube I have a complaint. The pot pie at one of my favorite restaurants doesn’t taste like a pot roast. I keep complaining, but nothing changes. I am thinking I may need to find a new restaurant because their cooking skills are just not living up...

What I Didn’t Know Then About Investing

Watch this video on YouTube Fifty years ago I scraped together $100 that I earned moving lawns and invested in my first stocks. I had heard a person could make a lot of money owning stocks. The ones I bought were all very small regional companies that I selected with...

Portfolio Performance More Than Beating the Market

Watch this video on YouTube Are your investment returns beating the market? That question isn’t as simple to answer as you might think. First of all, “the market” isn’t easy to define. You can compare your investment returns to the Dow Jones...