When we bought our home three years ago, I remember telling my wife that we would never again see mortgage rates this low. We had locked in a 30-year fixed mortgage at 3.65% with 10% down, no PMI. I remember telling her how lucky we were to be buying in this rate environment, despite the[…]
Last week, it was reported that billionaire investor and Miami Dolphins owner, Stephen Ross, planned to hold a fundraiser for Donald Trump at his Hamptons mansion. For $250,000, donors could attend a luncheon, take a photo and sit down for an intimate roundtable discussion with the president. Despite defending his decision to hold the fundraiser,[…]
Back in 2016, when Heather and I wrote The Millennial Money Fix, the student loan crisis was an afterthought to both Democratic and Republican presidential candidates. With the exception of Bernie Sanders, the issue failed to make it to the top of the priority list of those running. Instead, other important issues like healthcare, immigration[…]
You may think of memes as childish and trivial images found on the Internet, but memes are smarter than you think. The word “meme” was first created by Richard Dawkins in his 1976 book “The Selfish Gene”. Dawkin coined meme to explain how our cultural information spreads genetically. However, the concept of the Internet meme[…]
I remember my first lines. I was sitting on a beach in Puerto Rico when it came out. It was a Reuters article from 2013 titled, “Financial advisers hunt clients in the Ivory Tower.” I was asked about how I leveraged my time in business school to prospect for clients. I felt so cool showing[…]
Just a few months ago, my firm launched its first tactical portfolio. It’s a straightforward, rules-based market timing model a la Meb Faber’s Ivy Portfolio. While it’s not for all of our clients, it’s a great way to provide additional value in an increasingly commoditized area of financial services. I do believe traditional active management[…]
Last week, I received a notification telling me that it was my “9th Twitter Anniversary”. At that moment, I thought very little of it and carried on with my day. Who cares about how long I’ve had my Twitter account? But after having had a really fun week on the platform, I couldn’t help but[…]
In just a few weeks, my wife will return to work from maternity leave. I still remember the tentative and concerned look on her face the morning she reported back after having Hazel. It was heartbreaking. Despite having an extra month off this time around, I doubt her feelings will be much different. Like most[…]
My favorite game show growing up was Press Your Luck. You might know it as the one where contestants scream, “BIG MONEY! NO WHAMMY! STOP!” as tiles randomly light up the parameter of a giant prize board aptly called, the “Big Board”. Contestants would both literally and symbolically *press their luck* by pushing a handheld[…]