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Advice from my Future Self

Advice from my Future Self

At this time of year, it’s common for predictions to emerge about the economy. While they are interesting, I don’t think they provide us with much useful information.   Why? Because experts really don’t know anything more than the average investor. They just spend more time analyzing and reporting on available data.   But it […]

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The Reality of Models

The Reality of Models

Checking the weather? Looking at a map of the world to plan your next vacation? Guess what—you’re using a model. While models can be useful for gaining insights that can help us make good decisions, they are simplifications of reality.   One example of a model is a weather forecast. Using data on current and […]

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Holiday How-To: Talking Money with Family

Holiday How-To: Talking Money with Family

Getting together with family over the Holidays presents a unique—albeit delicate—opportunity to discuss finances with your aging parents. We live in a society where asking people about their money is considered rude. Many families are secretive about their savings.   Despite the discomfort, consider how caring for your parents financially might impact your own future […]

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