“Quite a few years ago I read a book by you in which you recommended Mutual Shares. I was finishing my MBA at the time. I began to invest in it and never stopped. I’m 42 now, earn $60K in salary and have never earned more. I am nearing millionaire net asset status and will […]
I know a guy who recently spent $1,200 on a scarf. (His rationale? “It was reduced from $3,000.” He actually said this.) Here’s what I recently got for $1,200:
One blue Fioravanti suit One gray Ungaro suit One brownish-gray Nino Cerutti suit One black Ungaro suit Two belts Free alterations Eleven hundred thirty-six frequent flier […]
Dave Allman: "I’m 46 with a $250,000 zero basis IRA and the Roth conversion numbers absolutely make sense, if I can meet the $100,000 AGI cutoff. My concern is the "tax risk" of assuming that today’s law will control in 20, 30 or 40 years. It wasn’t long ago that Social Security wasn’t taxable (okay, […]
I wish you a Merry Christmas, I wish you a Merry Christmas, I wish you a Merry Chrissssssssssst-mas — and a Happy New Year!
I would also point out that if you never quite get to itemize your deductions — or if you do itemize, but for barely more than the standard deduction would […]
And this just in from someone with a cryptic AOL address. Today being the first day of Chanukah, I thought it might bring a smile to faces Jewish and gentile alike. In these politically-correct times, I feel I should preface it by saying I am a trustee of the Shoah Foundation, and it didn’t offend […]
"Is money the root of all evil?" — Dawn M.
Hardly. Shaw had it right. Lack of money is the root of all evil. Once people get a lot of it, they turn into philanthropists, endow colleges, and send their sons off to be inspiring presidents of the United States.
Money itself — […]
From Siu: "I have seen a couple of cases so far this year that were related to my question. I will use the most recent one as an example. OmniHealth is being acquired by some company announced on 10/17/97 for $35/share cash. Why is Omni’s price still around $31? This puzzles me."
A: It’s […]
“Neither a borrower nor a lender be, for loan oft loses both itself and friend, and borrowing dulls the edge of husbandry.”
I’ve been kidding around about this for some time, but gosh, that’s good advice. Loan oft loses both itself and friend — we sure know that’s true! And borrowing dulls […]
A young investment banker I know went bankrupt. He had let his debts get the better of him and had gambled recklessly in the market. But he was of essentially good character and excellent financial prospects, so if only his creditors had borne with him until he got his bonus, everything would have been fine.
"Lately, I’ve been seeing infomercials that promise big profits from buying ‘government-backed’ tax lien certificates at auction. It smells pretty fishy, but what’s the real story on this?" — Geoff Wisner
I wonder if there’s something inherent in the economics of infomercials that makes all their products a disappointment. I’m not saying there is, […]
Quote of the Day
Years ago, in the Carter term, a stockbroker tried to explain what Schlumberger did. 'It goes to 100,' the broker said, exaggerating only a little bit. 'Then it splits three-for-two and goes back to 100 again.'~GRANT'S Interest Rate Observer
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