I’ve become very attached to the “Five Year Rule,” which is my consistent rule-of-thumb answer to the question: Should I invest in stocks? Five Year Rule How does the Five Year Rule work? I answer the “should I invest question” with a question of my own. Will you need the money in less than five [&hellip

Gerd Gigerenzer wrote Risk Savvy: How To Make Good Decisions in the spirit of Nate Silver’s The Signal and The Noise, and Innumeracy by John Allen Paulos. These latter books propose a “How To Think” while also proposing that people should be taught to think differently, and stop making epistemological errors. Distinct from The Signal [&hellip

I downloaded a fin-tech app called Acorns a few weeks ago. I recommend you drop this blog post now, text your favorite twenty-something, and make sure they’ve downloaded this thing already. I am now an evangelizing convert. Here’s a short list of problems many people have in getting started investing and building wealth. No money [&hellip

Greg Jefferson and I chat about my recent post, urging everyone to put 100% retirement money into risky assets (like stocks) rather than the traditional 60/40 split that every investment advisor says you should do. In this conversation I admit to my cynical view of the investment advisory business. Additionally I engage in a rant you [&hellip

In my imagination, traditional banking used to be the best business. You’d get to close up shop at 3pm on a Friday. This, despite the fact that bank customers get paychecks on Fridays. Sorry folks, we’re closed because we have to have our people inside the vault, counting all that sweet, sweet, money. Lately, however, [&hellip