Old Economy Steve: The Official Meme For Embittered Millennials by Jordan Weissmann at The Atlantic
Have you seen Old Economy Steven? They are quite interesting. However, I wouldn’t dwell on how the previous generation got it easy. You only win a world war and dominate the world once. Now you have to compete with the world. So step up.
Don’t Squander The Power of Adaptation by Jonathan Ping at My Money Blog
I completely agree. People adapt. Just ask any immigrant.
Competition Has Eliminated Brokerage Commissions by Scott Burns at AssetBuilder
Well not really, at least not everywhere, but paying a small commission is not a big deal either, especially after they pay you to hold your money.
Washington ‘Spends’ More on Tax Breaks Than on Medicare, Defense, or Social Security by Derek Thompson at The Atlantic
I agree tax spending isn’t very effective. It rewards things most people would otherwise do anyway. The amount of money spent on influencing the marginal behavior is too high.
A Calculator to Compare Closing Cost Options by Ann Carrns at New York Times Bucks Blog
It’s a little too late as mortgage rates shot up quite a bit in the last few weeks. If the rates ever come down again, it’ll be a good tool to have. I linked to two calculators I use in my previous post Mortgage Refinance: Tradeoff Between Rate and Closing Cost.
Where are the benefits of international diversification? by Larry Swedroe at CBS MoneyWatch
I have them.
Are We Still Using the LifeStrategy Growth Fund? by Mike Piper at Oblivious Investor
LifeStrategy funds are great one-stop shops.
30-Year TIPS Real Yield Near 0.9% by Mike at Long-Term Returns
It practically doubled in a month. Keep going at this rate and TIPS will be a good deal again!
Could There Be A “Good” VUL Policy? by Jim at The White Coat Investor
Yes there could. One that offers a fixed account with a guaranteed minimum 4% interest rate and no surrender charge.