Originally posted on August 2, 2022. Do you have $500,000 in savings? Is it working for you, or is it stuck in the summer doldrums taking up space in your house? Don’t let another day go by without seriously considering a conversation with Your Survival Guy about putting your lazy cash to work. Look, there’s […]
Investing
Your Survival Guy’s Investment Cave for the Winter
Much of your investment success comes from avoiding disasters like crypto exchange FTX. The Fear of Missing Out or FOMO is a huge pull, like gravity, on investors. Look, I’m Your Survival Guy, not Superman, but FOMO’s like kryptonite. It saps the power of self-control and “knowing better” right out of investors, and it comes […]
Your Survival Guy’s Take on IRS Potentially Changing RMD Rules
As you may know, Your Survival Guy has a history of spec ops and RMDs at Fidelity Investments. And this time of year was always a scramble to meet the end-of-year deadline for distributions. Falling on the wrong side of December 31 meant getting to know the IRS through letters. Not much fun. You may […]
If You’ve Been with Me, It’s Been a Good Year
If you’ve been with me, it’s been a good year, and the future looks just as good. As Your Survival Guy, I’m focused on you keeping what’s yours—what you’ve made during a lifetime of work and saving. If everyone could remember how hard it was to get to where they are and lock it in […]
“Let Me Tell You About Money Kid”
“How old are you?” he asked. “50,” I said. “Let me tell you about money, kid.” “I’m 74. Sold my business in ’99. Made out real well. But that’s not the point. The guys were arrogant, didn’t understand New Englanders, and they had to shut it down. They’re a big international player. They’re fine. But […]
How Your Survival Guy Feels about CDs
Investors in deep blue states can take pleasure in knowing interest income from Treasuries is tax free on a state and local level—but that’s not the case for CDs. Also, Treasuries are backed by the full faith credit pledge of the federal government. Again, not so for CDs. Action Line: This is a wonderful time […]
Your Survival Guy’s Great Year Picking Some Lessons Learned
Let’s get this out of the way. If you’ve been with me, it’s been a great year. As I’ve said before, slow and steady wins the race and, just as important, finishes it too. For those tangled up in crypto, FTX, et al. the game is over—there’s no more time on the clock. And the […]
Vanguard Remembers Its Fiduciary Duty, Steps Away from Environmental Group
Back in March of 2021, Vanguard joined what is known as the Net Zero Asset Managers (NZAM) initiative, which is part of the United Nations’ “Glasgow Financial Alliance for Net Zero” (aka GFANZ). GFANZ is “committed to accelerating the decarbonization of the economy.” Raising environmental concerns above best serving customers could violate Vanguard’s fiduciary duties. […]
A Year-End Surprise Your Portfolio Could Do Without
A year-end surprise you don’t want to receive is a tax bill from your mutual fund. Over the years, I’ve soured on mutual funds. One reason is the lack of control. You don’t control when the fund manager buys and sells positions. It can be particularly painful when you get a year-end capital gains tax […]
Your Survival Guy’s Guide to Your Lazy Cash
Don’t look now but with prices gone mad you can finally get something for nothing with your cash. Look at this yield curve. Lots to love. Get your lazy money off the couch. Get it earning some money. If you need help let’s talk.
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