financial goals

July 25, 2012

When it comes to my money, the idea of trades has always been central for me. I guess it started when I was a kid and my father set me up with a paper route and told me I was responsible for buying what I needed other than the roof over my head and food. Well, it was harsh, but I sure learned quickly. I recognized that if I spent money on one thing, then that money wasn’t available for something else. It’s like if I buy the candy, I’d have traded away the new socks until a later time.


November 30, 2011

The game of long-term financial planning has changed. There are many reasons for this change: the inevitable impact of our government's massive debts, the high likelihood that the stock market will continue its ten-year-plus underperformance for at least another decade or more, also that the economy will be weaker than normal for a long time to come, that the current historically low interest rates cannot be maintained, and that the dollar will unavoidably become much weaker at some point have all combined to change the game.