It’s Quarantine Day 10, and thank goodness I’ve been staying in, because yesterday I learned that I have a 102.3 degree fever.
I don’t know if it’s Covid-19 or if it’s a fever with extraordinarily bad timing.
Rob Berger started writing about personal finance in 2007, just months before the Great Recession hit. His retirement planning strategy through the crash was almost comically simple: keep contributing to his 401(k), don’t sell anything, and otherwise do nothing. Nearly 20 years later, the list of worries looks different. AI is upending which skills and…
“You have this golden opportunity during these low-income years.” That’s what I told a listener who’s heading into a one-to-two-year career break with $80,000 in cash and a paid-off home. Is that enough? It depends on the one number she didn’t give us: how much she plans to spend. So Joe and I walk through…
In New York City, a 24-unit apartment building is listed for sale at $1.3 million, which works out to about $54,000 per apartment. Kenny Burgos represents the owners of buildings like that one, and his advice is simple: don’t buy it. The reason comes down to rent stabilization. Kenny grew up in the Bronx, raised…
“Sometimes you might make the ‘right’ decision for the wrong reason.” That’s what I told Nieves, a listener who’s deciding whether to sell rental property she bought back in 2021, a St. Louis duplex that’s gotten a lot harder to manage since she moved to Madrid for her MBA. Her tenants have started paying late….
Marisa Franco built her career studying friendship and belonging. Her latest research pulled her somewhere unexpected: the connection between self-worth and net worth. In her data, people with high self-worth and high SAT scores earned close to double the income of people with low SAT scores. People with low self-worth showed no such pattern —…
Your S&P 500 index fund looks diversified — but Alec Litowitz says its concentration in AI stocks makes it one giant bet in disguise. Alec Litowitz joined a hedge fund with $100 million in assets and six employees. He had never made a trade in his life. That fund was Citadel, in its earliest days,…