This piece first appeared on The Rich Investor. I’ll be blunt: I hate AT&T. But before you chime in with an enthusiastic “me too,” I’m not referring to AT&T’s mobile phone service or home internet service (both of which I dumped years ago for being overpriced). I’m talking about AT&T stock (T). Though to be fair,...Read More
This piece first appeared on The Rich Investor. You know the rule: Stocks “always” return 8% to 10% per year over the long term, right? This is the assumption most financial planners make, and it’s practically considered holy writ in 401(k) promotional literature. I’m not going to tell you that this received wisdom is wrong, per...Read More
This piece originally appeared on The Rich Investor. The Individual Retirement Account, or IRA, is the backbone of most middle-class Americans’ retirement plans. Creating the tax-deferred savings vehicle back in 1974 was one of the few unequivocally good decisions Congress has made over the past half century. Don’t give Congress too much credit though. An infinite...Read More
I wrote a few weeks ago that the economics of writing options (i.e. selling options that you intend to let expire or buy back at a lower price) are a lot like those of an insurance company. Yes, there are risks, and insurance companies do take losses from time to time. But those risks can be...Read More
I joined Peggy Tuck today on Straight Talk Money, and at the top of the agenda was Elon Musk and Tesla (TSLA). Tesla reported its worst loss in history, yet shares rallied hard as a more conciliatory Musk promised profits in the quarters ahead. Musk, by the way, was the inspiration for Robert Downey Jr.’s Iron...Read More
