I have a relative—let’s call her Jane. Last year, in the early days of the pandemic, Jane had the foresight to buy shares in vaccine maker Moderna. With the benefit of hindsight, it was a smart decision. But in Jane’s view, it was not a difficult decision. It was no secret that the company was [...]
The bucket system
A while back, I described the “4% rule.” This is a popular way to think about portfolio withdrawals in retirement—but it isn’t the only way. Another approach, called the “bucket” system, is also worth understanding. Below is some background on this alternative approach. What is the bucket [...]
Up? Or down?
The market today reminds me of Dickens’s famous line: “It was the best of times, it was the worst of times...” It’s the best of times, of course, because the stock market continues to hit new highs. From a low of 2,192 last March, the S&P 500 has now doubled, reaching 4,466 earlier today. Over [...]
The designated driver of your portfolio
A while back, a Tel Aviv woman named Anat decided to surprise her elderly mother with a gift. Noticing that she had been sleeping on the same worn out mattress for decades, Anat replaced it while her mother was out one day. She then took the old one out to the curb. It wasn't until the next [...]
Edward Lorenz
In 1972, an MIT professor named Edward Lorenz published a paper titled Predictability: Does the Flap of a Butterfly’s Wings in Brazil Set off a Tornado in Texas? It was a catchy title. Though Lorenz didn’t mean it literally, the basic idea was that events in the physical world are highly [...]
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