Does Having Multiple Bank Accounts Encourage Overspending? by Matthew Amster-Burton at MintLife
Matthew and his wife have 15 checking and savings accounts, not counting CDs, retirement accounts, or college savings plans. I have 14. That’s after I closed 2 accounts in the last two months. Banks offer the best deals these days. For example where else do you get 5% return with no risk for 3 years? If that means having another 3 accounts with a bank, so be it.
How many bank accounts do you have?
How commodities can help a portfolio by Larry Swedroe at CBS MoneyWatch
Commodities didn’t do well lately. After climbing out of a low in 2009, commodities had poor returns in 2011, 2012 and so far in 2013 while the stock market keeps reaching new highs. If you invested in commodities, is the poor performance testing your conviction? If you didn’t invest in commodities, maybe now it’s time to add commodities?
The adoption of a great idea by Joe Davis and Andy Clarke at Vanguard Blog
They are talking about low cost indexing as a revolutionary great idea as electricity and refrigeration. I think it’s great.
Are Bond Funds Unusually Risky Right Now? by Mike Piper at Oblivious Investor
Unusually risky? Probably not. Usually risky is risky enough if you can get the same or better return without the risk.
A Reason To Own Bonds by Rick Ferri at RickFerri.com
Despite the title, it’s actually a reason to own fixed income, not just bonds.
Few Boomers Catch Up on 401(k) Saving at Squared Away Blog
I’m not surprised. People must have other plans for their money.
Yes or no on the May 23 10-year TIPS reissue? by David Enna at TIPS Watch
David bought the 10-year TIPS. I didn’t. Buying $25k per year in I Bonds is enough for me ($10k per person plus $5k from tax refund).
Ask A Banker: Capital, Capital! by Matt Levine at NPR Planet Money
A great article about how banks work. Also check out the previous articles in the Ask A Banker series.
Lifetime Economic Acceleration Process (LEAP) – A Review at The White Coat Investor
It turns out LEAP just means “All Roads Lead To Whole Life.” Pretty funny.
Adaptive Asset Allocation by Mike at Long-Term Returns
Mike isn’t so hot on Adaptive Asset Allocation. He probably meant something else than Adaptive Asset Allocation Policies by Nobel laureate William Sharpe.
HSAs: The pros and cons of health savings accounts by Brent Hunsberger at The Oregonian
The biggest con is that you must use a high deductible plan. At some employers the premium savings is very minimal. Also read Brent’s other article HSAs: For your financial health, examine your health savings account.
Dow Jones To Hit 20,000 by Mike at Long-Term Returns
Yay! I will retire when it hits 36,000.
Stock market bubble: Red flag warning by Allan Roth at CBS MoneyWatch
Uh oh. Scratch that. I can’t retire just yet.