The Dow Jones Industrial Average (DJIA) isn't a very useful index. The S&P 500 is a better way to track big US companies and better for most purposes is to use a total market index which includes another 3500 other US public companies. Okay, now that we resolved that issue, I ran across a fascinating [...]
There have been some big developments recently on trying to make financial professional more accountable to their clients. Matt Yglesias does a great job explaining this: "While concerns about improper actions by investment advisors should certainly be addressed, an overly broad proposal could price professional financial advice beyond the reach of many modest income families." I [...]
A friend recently sought some counsel regarding a house purchase. I wrote up a few thoughts. Perhaps they are interesting to people beyond their initial recepient. For your reading pleasure: Compare real estate investment to other investments. It's typically unwise to buy if renting a comparable place is cheaper and you plan to move again within [...]
Today the CFPB launched a tool to help us all compare mortgage rates available in our areas. If you are shopping for a mortgage you should definitely check it out!
I recently ran across a great tool from the NYT The 1% More Savings Calculator. Play with it. It really helps show how much small changes in saving today can make an enormous difference down the road. Let me know what you think. http://www.nytimes.com/interactive/2010/03/24/your-money/one-pct-more-calculator.html