Jason at Wheaties for Your Wallet brought up a 9-step plan for better personal finance from Scott Adams, creator of Dilbert: Make a will. Pay off your credit cards. Get term life insurance if you have a family to support. Fund your 401(k) to the maximum. Fund your IRA to the maximum. Buy a house if you […]
401(k), Roth IRA, then Back at 401(k)
Money magazine published a list of 25 Rules to Grow Rich By. A few rules are a little silly, for example, Rule #22: Resist the urge to buy the latest computer or other gadget as soon as it comes out. Wait three months and the price will be lower. Three months! Gosh, stop buying those crap […]
TIPS Pricing Is Complex
At the end of my previous post about TIPS, I wrote: There are many fine details on how TIPS really work. Just to give you a glance of how complex it really can be, Pat Morgan on the Morningstar discussion forum posted a link to the Appendix of a 400-page Federal Regulations, with these monster […]
Best Mutual Fund Company
This is part of the TFB Awards for Best In Class in Financial Services series. The Vanguard Group wins the award in the category of Best Mutual Fund Company. It is truley second to none in the mutual fund industry. Most other mutual fund companies are owned by private investors. They operate mutual funds for […]
Best Mutual Fund for Investing More Than $3,000
This is part of the TFB Awards for Best In Class in Financial Services series. The Vanguard LifeStrategy Moderate Growth Fund (VSMGX) wins the award in the category of Best Mutual Fund for Investing More Than $3,000. This fund (hereinafter LS Moderate) requires a minimum investment of $3,000. If you are investing $1,000 – $3,000, […]
TIPS: Inflation Linked Bonds
[An updated version of this article appears in my new web site Explore Bonds, together with many other articles on investing in bonds.] TIPS, or Treasury Inflation-Protected Securities, is a kind of bond issued by U.S. Treasury with principal and interest linked to inflation. Regular, or in bond-speak, “nominal” bond is an IOU. You lend […]
Best Mutual Fund for Investing Less Than $3,000
This is part of the TFB Awards for Best In Class in Financial Services series. The Vanguard STAR Fund (VGSTX) wins the award in the category of Best Mutual Fund for Investing Less Than $3,000. If you read a few books on my Recommended Reading List, you will know that you should invest through mutual […]
TFB Awards
[Last updated on April 3, 2008.] In the style of the Academy Awards, I present here TFB Awards for what I consider the Best In Class in Financial Services. Each award winner is linked to a blog post which explains why it wins the title. If there are other good choices close to call, I […]