Treating Medicare’s ills — and yours Robert Powell – MarketWatch
100 Words That Can Change Your Credit History – DailyFinance
Most American’s have too many US equities. Most Germans have too many German equities. Etc., Etc., Etc. Make sure your portfolio if risk-appropriate and globally diversified.
Investors tend to overweight their equity portfolios with stocks from their home country market. Ken French says that, while home bias is still the norm, investors have significantly increased their allocation to foreign markets over the last 30 years. He explains that investors might overweight their home market for economic reasons, perhaps to hedge consumption risk or to offset tax disadvantages they suffer in some foreign markets. Home bias can also be driven by behavioral factors. For example, investors may overweight their home country because of their uncertainty (the unknown unknowns) about foreign markets, or because they are overconfident about picking stocks in their home market. Ken says the best approach is to start with a global market portfolio, then make adjustments based on personal preference.
By KARA MCGUIRE – Star Tribune (Minneapolis)
MINNEAPOLIS — Mike Hennessy crouched behind a large beach ball to deflect a deluge of rubber balls delivered by his 5-year-old grandson, Braeden. Playing daily rounds of a made-up game his grandson named “Dude Brother Russell” wasn’t how Hennessy, 58, imagined spending his retirement days.
But when his daughter didn’t have thousands of dollars to pay for day care, Mike and his wife, Joan, willingly stepped in.
Grandparents helping their children and grandchildren is nothing new; that’s what family is for. But the extent of the support – whether it’s providing a place to live, caring for young grandkids, covering back-to-school shopping or paying college tuition – has increased with the fragile economy.
An interesting article –
“It is said that only a fool learns from his own mistakes, a wise man from the mistakes of others.” – Otto von Bismarck (1815-1898) Prussian German statesman and aristocrat.
“From the errors of others a wise man corrects his own.” -Publilius Syrus (1st Centry BC-?) Roman writer and poet.
“Experience: that most brutal of teachers. But you learn, my God do you learn.” – C.S. Lewis quotes
“Experience is the name we give to our past mistakes” – Oscar Wilde quotes
“Good judgment comes from experience. Experience comes from bad judgment.” – Unknown
Below are some investment and financial mistakes we’ve seen people make. Let’s be wise and learn from others’ mistakes!
Everybody has messed up at some point. These folks share their biggest goofs, but are now on the right path.