There are many reasons why people listen to Warren Buffett. Besides being the second richest American (right after Bill Gates of Microsoft), Buffett is widely considered the most respected (i.e. best) investor there has ever been.
But there are other compelling reasons for listening to him; simply put, he speaks in a way that anyone can understand. It’s a Midwestern common sense, seasoned with well-earned and certainly, much deserved, confidence. He’s cheerful, loves what he does, and apparently cares very little about consumption. He is extremely grateful for the opportunity he has had in the United States and the …Read More
If you were strolling through the park and a clown wearing purple and yellow polka-dots wheeled past you on his unicycle, you’d probably notice him, right? If you were on a cell phone at the time, think again.
A study published in a recent issue of Applied Cognitive Psychology discovered that 75 percent of the cell phone users in the study suffered from “inattentional blindness.”(1) In other words, three quarters of them did not report seeing the clown. Now, imagine if you put these same people behind the wheel of an SUV.
Regardless what you think about cell phone …Read More
What’s the Difference?You’re probably wondering – what’s the difference between a broker and, for example, a fee-only… Read More
In a recent article, I briefly covered the topic of Recharacterization. The example that I gave was pretty simplistic – you converted an amount, and decided later to recharacterize that amount back to an IRA. What if it gets complicated?
There are some steps you can take in your conversion that will help you to recharacterize later, if the occasion should arise. These steps to structure the conversion are by no means required, they’d fit into a “simplifying your life” category, more than anything – or what I have heard referred to as a CYA* activity.