The founder of a technology company in Germany was sick of missing out on family time because he was at the office too much so he came up with a radical idea — shorten the standard workday from 8 hours to 5 hours but leave employee salaries and...
One of the most significant downsides of private real estate deals (and other “alternative” investments) such as private funds and syndications is their illiquidity. While one of the goals in investing in these types of investments is to get paid for taking on that illiquidity, it makes it...
Imagine you’re a U.S. stock market investor at the end of 1989. Just a few short years ago you lived through the worst one-day stock market crash in history. Despite seeing stocks fall more than 20% in a single day and more than 30% in a week, you did...
Podcast #135 Show Notes: Estate Planning with Daniel Kesten Daniel Kesten, an estate planning attorney and a speaker at the WCICon 20 in Las Vegas next March, is our guest on this episode. We have a great discussion concerning everything you need to know about getting started with your...
<!-- --> Posted December 4, 2019 by Ben Carlson On this week’s Animal Spirits with Michael and Ben we discuss: The pros and cons of Netflix handing the keys over to creatives The Irishman The coming generational wealth transfer Celebrating some good news in the economy Why the fin...
There are three main types of financial advice models: Commission Commission and fee Fee-only More than 99.9% of financial advisors fit in one of these three models. There is wide consensus among the White Coat Investor community that fee-only is the best, least-conflicted model for receiving financial advice. There is a fourth, lesser-known...
Your personality has a lot to do with the kind of investor you are. Some people are predisposed to follow trends and fads. Others are constantly looking to buy a dollar for fifty cents. The latter group has had a much tougher go at it during the current...
One of the most useful techniques we used as we worked to become wealthy was to delay purchases. We didn’t outright DENY ourselves the purchase. We simply delayed it. Sometimes that meant we changed our minds about it and never bought it at all, but most of the...
<!-- --> Posted December 2, 2019 by Ben Carlson Today’s Animal Spirits: Talk Your Book is presented by GraniteShares: Go to GraniteShares to learn more. We discuss: The new GraniteShare ETF (XOUT) and where the idea came from Why it’s so difficult to pick the biggest winners in the...
Asset location is determining which of your assets to place into tax-free (Roth), triple tax-free (HSA), tax-deferred, and taxable accounts. It has been estimated that doing this properly can boost returns by as much as 0.75% per year. 0.75% a year can make a big difference over many...