Tag: financial planning
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Interest rates: Variable rate or fix rate?
in Real EstateSeveral years ago, I bought a condo. Interest rates were at record lows. The variable rate was 2.25%, and the fixed rate was 3.25%. Which one would you have chosen? The fixed rate guarantees the same rate for five years, providing peace of mind that the interest rate won’t rise above 3.25%. The variable rate,…
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The Case Against Gold in My Portfolio
in Stock MarketI refuse to invest in gold. I know two people who invest in gold. They believe that one day our financial system will collapse, anarchy will follow, and somehow their gold investments will be converted into shiny gold coins delivered to their homes and If that happens, they they’ll be among the privileged few who…
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Are You Insured, Uninsured, Or Self-Insured? Which One Works Best for You?
In a previous blog post, I shared how the movie The Godfather influenced my life. Another film that shaped my thinking is Wall Street (1987) with Michael Douglas. Two lines from the movie are particularly memorable: “There is no nobility in poverty dad, one day you are going to be proud of me.” “The point…