Some time ago, I discovered—very much to my surprise—that my broker at Raymond James was “no longer with the company.” “What does that mean?” I asked. “He’s just not with us anymore.” “So why wasn’t I told?” “We were just about to notify you.” It miffed me a bit that they didn’t contact me right […]
I am not a spendthrift. But I’m not a cheapskate, either. I know people who are not happy in a deal unless they feel like they’ve beaten the other guy down to nothing. That approach to business is mean and inefficient. Most times, it will end up backfiring. Let me tell you why. You are […]
Many times, the things/experiences that give us the greatest joy are free. But oftentimes, money is involved. And when that’s the case, we have to weigh the cost of the thing/experience against the pleasure we will get from it. One example: owning a home… In my book Automatic Wealth, I argued that one of the […]
You are middle-aged. Your net worth is meager. Your income is barely sufficient to meet expenses… And those expenses are going up. The Great Recession is looming. Economists are predicting things will get worse. What can you do? Should you give up your dream of retiring comfortably one day? Should you accept a future of […]
Mark Ford "on the Record": Motivation in the Workplace
From Greg Wilson, chief analyst, the Legacy Portfolio: The holiday season is upon us. It’s a time of festivities, being with family, and giving gifts. And what better present to receive than the gift of knowledge… With that in mind, here are my top four books that would make a great gift for the budding […]
Never underestimate the sheer power of compounding… The chart below shows the paths of three stock investors: Chris, Bill, and Susan. Each of them invests $5,000 per year in the exact same hypothetical investments that yield the exact same rates of return. The only difference among the three investors is time. As you can see, […]