What I like about the insurance money management framework is that it takes seriously the idea that how you save and where you save is all about what you want out of life — your goals, your desires, your values, your lifestyle.
Learn the difference between secured and unsecured debt — a lesson that Irish taxpayers could use as they face the prospect of footing the bill for the bailout of state-owned Anglo Irish Bank.
"If all the money that's ever been invested in hedge funds had been put in Treasury bills instead, the results would have been twice as good," says Simon Lack. Oops.
On our local NPR station, WFYI, a guest Saturday morning on Marketplace Money recommended an investment advice book to a young caller. We can't recall the title of the book. Know which one we mean? Thanks in advance, Tom, Indianapolis, IN
Before you start to invest, we at Marketplace Money always tell you to assess your "risk tolerance." Now there's an algorithm that can help you quantify how much risk you are willing to take on.
The uncertainty is unavoidable, but you can come to a more reasoned savings decision by starting from a different place than market history and investing insight. Forget about investing and asset allocation. Think about your job and your career instead. Are you a stock or a bond?
