Money and Behavior

Black Friday Sanity v. Consumer Craziness

An entire mini-industry has been constructed around Black Friday, our newest national... 

Is Consumer Stupidity Incurable?

I saw this headline and had to comment: Banks continue to rake in huge amounts in... 

Do Bored Economics Professors Deserve Tenure?

The U.S. has too many unprepared and unmotivated students attending too many lousy... 

Thank-You Tea Party for our Damaged Retirement Accounts

Mr. ToughMoneyLove is as fiscally conservative as most but I am also pragmatic. The... 

Money Advice for Parents of Kids who are Grad School Wannabees

Some baby boomers have completed the task of helping their kids through college.... 

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Economics

Obama Buying Votes instead of Prosecuting Fraud

A sinking President Obama is trying to buy votes from those who are already underwater.... 

Pushing MBA’s Out of the Driver’s Seat

Long-time readers know that Mr. ToughMoneyLove is not a fan of MBA programs and,... 

The Relative Decline of the Western Economies

Many of us have a sense and concern that China (and even India) are on a path to... 

Can You Hold Your Financial Breath for Two Days?

Today and tomorrow are set up to be quite tumultuous for the world of personal finance.... 

Deficit Panel Targets You

You may have forgotten that there is a federal “fiscal commission” working... 

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Investing

Visualizing a Lost Decade

Would you like to see an ugly picture of long term investing in the last decade? Read on. [Read more of this post]  Read More →

Is a Crash Coming?

I can’t add much to a recent article from the Wall Street Journal. It contains a list of ten reasons why the market may due for another a big drop. They are reasons based on logic, not hysteria. [Read more of this post]  Read More →

Re-thinking Asset Allocation and Correlation

A bedrock principle of asset allocation for the long term investor is asset correlation. The theory is that a properly allocated portfolio includes investments in different asset categories or classes that are non-correlated. This means that as general market and economic conditions change, the different asset classes won’t experience a lockstep... [Read more of this post]

Bank of America Withdrawal and Investment Simplification

Yesterday and today I continued the process of disengaging from our relationship with Bank of America.   [Read more of this post]  Read More →

Anticipating a Second Market Collapse

The doomsday investors and prognosticators are out in full force. They are predicting another collapse of the markets. I am concerned, of course, as I am in the retirement home stretch. There are plenty of theories for why we should expect more bad news. [Read more of this post]  Read More →

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