Nobody Talks About their Financial Failures
Let me tell you a “not-so” secret: I bought AAPL (Apple) in 2001 at $17. I had a feeling that the iTunes thing was going to be big. And I was right. Yippee for me! Having just come off the bursting of the dot-com bubble and the horror of 9/11, I made a great call.
The Market Is Not A Casino
It’s not our fault that we think of the stock market as a form of speculation. Pundits and consumers alike refer to investing as “playing the market,” as though we’re walking up to a blackjack table, slot machine or roulette wheel. And just like gambling, participating in the stock market comes with risk.
Losing The Conventional Wisdom Part 1:
Among the more pernicious myths of the 20th century is the notion that it’s good to defer taxes because, in retirement, we’ll all be in a lower tax bracket. This is treated as gospel by CPAs and mere mortals alike. We believe that, when the piper demands his due, we’ll be enjoying our financial freedom—retirement—at a discount.