Ben Carlson

What Happened to Interest Rates This Week?

“The more you think you know, the more closed-minded you’ll be.” – Ray Dalio Every week there seems to be at least one piece of news, economic data or important meeting that market participants think will determine the fate of the markets. This week the Fed met to decide what to do about their bond…

All the Financial Advice You’ll Ever Need (Notecard Edition)

“There seems to be some perverse human characteristic that likes to make easy things difficult.” – Warren Buffett This notecard comes from Harold Pollack, a professor at the University of Chicago. It was posted on Twitter (via @m_sendhil) a few weeks ago. I love the idea of being able to distill as much financial knowledge…

Financial Advice for Newlyweds

“It’s tough to stay married. My wife kisses the dog but won’t drink from my glass.” “I haven’t spoken to my wife in years. I didn’t want to interrupt her.” – Rodney Dangerfield While attending a recent wedding I was asked what financial advice I would offer to the newlyweds. Here’s what I came up…

Inflation: The Silent Killer of Your Finances

“I remember the $0.05 hamburger and a $0.40-per-hour minimum wage, so I’ve seen a tremendous amount of inflation in my lifetime. Did it ruin the investment climate? I think not.” – Charlie Munger You can’t see it, but it’s there. Over time it can be a huge unseen risk to your investment portfolio and other…

Of Course…But Maybe: Financial Advice From Louis CK

“Every day starts, my eyes open and I reload the program of misery. I open my eyes, remember who I am, what I’m like, and I just go, ‘Ugh.’” “I don’t stop eating when I’m full. The meal isn’t over when I’m full. It’s over when I hate myself.” – Louis CK Louis CK is…

Does Past Performance Matter?

“Hindsight, the ability to explain the past, gives us the illusion that the world is understandable.” – Daniel Kahneman “Those classes of investments considered ‘best’ change from period to period.  The pathetic fallacy is what are thought to be the best are in truth only the most popular – the most active, the most talked…

How Rising Interest Rates Affect Your Investments

“One of the most important things I’ve learnt over the years is to remember that if you don’t know what is going to happen, don’t structure your portfolio as through you do.” – James Montier According to a recent survey by Edward Jones, 63 % of Americans don’t know how rising interest rates will impact their…

Lessons From The Coffeehouse Investor

“The secret to building a successful common-stock portfolio isn’t to “beat the stock market” over the next two years, it is to capture its entire return over the next two decades.” – Bill Schulteis I’m always interested in finding simple ways to explain the complex topics that are involved in the world of finance. My…

Time to Prepare for the Coming Crash?

“Count the perma bears on the Forbes 400 list or the amount of pessimists who run companies in the Fortune 500.  You will find none.”    – Josh Brown “If you’re constructing a portfolio with an overweight against human ingenuity and progress then you’re likely to lose out over the long-term.” – Cullen Roche A…

The Real World Retirement Calculator

“To make reliable decisions you must always weigh how right you think you are against how sorry you will be if you turn out to be mistaken.” – Jason Zweig One of the most difficult financial planning questions to answer is: How much do I need to retire? According to BlackRock’s Annual Retirement Survey, 50% of…