Frakt on Medicaid and the Oregon Medicaid Study by Russ Roberts at EconTalk
What a surprise to hear my former co-blogger Austin Frakt interviewed on the popular economics podcast EconTalk. Well done, Austin!
What is Behavioral Economics? by Dan Ariely on Vimeo
Duke University behavioral economics professor Dan Ariely explains pluralistic ignorance. Be ready for a good laugh. I’m listening to Professor Ariely’s book The (Honest) Truth About Dishonesty on audiobook. It’s quite interesting.
The returns of stocks with less risk? by Larry Swedroe at CBS MoneyWatch
Investor advisor Larry Swedroe briefs us on research on low volatility stocks. Researchers and Wall Street are always looking for a better mousetrap. It’s uncertain whether low volatility is a distinct edge, a different manifestation of value, or just noise.
How They Do It Elsewhere by Steven Greenhouse at New York Times
That is how other countries structure their retirement plans. I’m for universal mandatory contributions to privately owned accounts.
What Do You Think of the Thrift Savings Plan? by Matthew Amster-Burton at MintLife
Such universal mandatory contributions to privately owned accounts can just go to the TSP. Matthew suggested a good test question for a financial advisor: ask for his or her opinion about investing in the TSP. Brilliant.
Public Pensions: Nice Deals If They Can Be Delivered by Scott Burns at AssetBuilder
I don’t know why public pension plans are still selling extra years of service (i.e. additional future benefits) at a vast discount. Great deal for the employees. Raw deal for the taxpayers. Classic agency problem. I’m outraged.
Portfolio Management vs. Financial Planning by Mike Piper at Oblivious Investor
Pay good money for the advice. Do the administrative chores yourself.
Staying the course by Steve Holman at Vanguard Blog
Steve points out that people spooked by the fiscal cliff missed a 10% up swing. Staying the course is good but I wouldn’t use the 10% up swing as evidence for anything. Had the market declined by 10% after the fiscal cliff talk, does it mean staying the course is bad then?
Next up: 10-year TIPS reissue will auction May 23, 2013 by David Enna at TIPS Watch
Not worth it. Buy I Bonds.
Mountain America Credit Union 5-Year CD by Kevin at Kevin On Investing
Kevin documents how to buy a CD at a credit union with money in an IRA at a different place. It’s much easier than most people think. Try it once and you will be an expert. Always remember it’s not all or nothing. You can have both bond funds and CDs.
Is Angie’s List Worth the Money? by Michael at Financial Ramblings
Michael gives a detailed account of finding a plumber on Angie’s List. I had good results with Yelp.