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Showing posts from June, 2020

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Millennial Debt This Week: June 26

on June 26, 2020

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A Historical View of the Ray Dalio All Weather Fund

on June 24, 2020

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Student Loans: A New Proposal

on June 15, 2020

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4 Traits of a Low Risk Rental Property: Ensuring Your First Rental Property Keeps You in Business

on June 08, 2020

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Why a Financial Planner Isn't for Me

For my friends who are financial planners and financial advisors, this is not meant to be a critique of you or your profession. I often still contemplate working towards my own CFP certification . This article is simply my expression of why I've always felt a disconnect from the standard advice of most financial planners and how I've realized that my goals are different than the vast majority seeking financial help. When looking at a financial planner, let's first start with a basic understanding of what a financial planner actually does. Generally, financial planners help clients understand their current financial situation, and help them navigate and differentiate the various investment options that can help them on their path to their financial goals. There are a several setups that financial planners generally use and they are compensated based on a few different structures: commissions, fee-based/hourly, assets under management. Commissions : The financial advisor rec

Billionaire Hedge Fund Manager, Stanley Druckenmiller Long Bitcoin

Many investors have speculated that bitcoin may develop into a "Gold 2.0," and have touted it's strengths as a long-term store of value, but there are also many billionaires and academics who don't see bitcoin as having any value. The truth has yet to play out, but in a recent conversation on CNBC, Stanley Druckenmiller, billionaire hedge fund manager and prior critic of bitcoin, stated that bitcoin could be an asset class and that he actually owns a small amount himself. And it certainly didn't go unnoticed. The significance of the worlds greatest and most respected money manager - Stan Druckenmiller saying just now that he is long bitcoin can not be overstated. That has removed every obstacle for any hedge fund or endowment to invest... #Bitcoin — Raoul Pal (@RaoulGMI) November 9, 2020 Billionaire Stan Druckenmiller casually mentions on CNBC that he has warmed up to #Bitcoin and now owns it. — Preston Pysh (@PrestonPysh) November 9, 2020 Bitcoin Bulls

Biden Says No Student Loan Payments Until October

As I've written before, I believed that Joe Biden always had some plan in place to delay student loan repayments and extend the 0% interest and 0 payment forbearance period . The biggest surprise is that student loan payments don't start up again until October. That means, a borrower with only federal student loans will not have had to make a payment for 19 months. That's insane and borderline irresponsible by the Biden administration, which is why I'm predicting he has more announcements ahead. I fully expected student loan forbearance to be extended through the winter and into the spring of 2021, then possibly extended again depending on the status of the coronavirus pandemic, but jumping all the way to October hints at more widespread changes to the student loan landscape. Creator: Alex Wong | Credit: Getty Images Copyright: 2021 Getty Images First, it buys the Biden administration time to develop their own plan around student loans. I fully expect the Biden admi

The Best Student Loan Tool Out There

I rarely get this excited about student loan repayment tools. First, let's face it, they aren't that exciting. Second, most of them have an obvious flaw or area where they break down. If there is a point where the VIN Foundation Student Debt Center's loan repayment simulator breaks down, I wasn't able to find it. The simulator just does so many things well that other simulators can't. From the very first line, where you can enter the year you graduated! Such an intuitive feature, yet it isn't included in the vast majority of student loan calculators. You're forced to assume that you graduated today and are starting all over. From the very beginning, VIN does it right. And from there, it tackles all the basics (income, raises, family size), and then some. The second part that VIN nails is the family information. I've never seen a student loan calculator with this many options in the family section. It gets all the low hanging fruit, like spouse's

Shopping for a Car: Lease, New, or Used?

If you've ever shopped for a car, you've probably debated how to find the best deal, and how to make sure you're getting the most car for your money. How does the math work out? What's the best use of your money when looking for a vehicle? Is it more cost effective to lease and have a lower monthly payment, buy a new car that will last for many years, or look for something used to avoid the instant depreciation from driving a new car off the lot? I'll dig into each option below with some examples to help explain the best use of your money. Let's take a look at an example for a 2020 Ford Escape SE 4 wheel drive (4WD). My wife and I have been debating getting a larger vehicle so we can haul more stuff around so that's why I chose an SUV for the example, but the principle is the same across all vehicles. I'll assume a timeline of 6 years for the total cost. That will amount to 2 leases, 5 years of new car payments, and 3 years of used car payments with bot

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I am not a lawyer, financial adviser, or accountant. All content is purely for entertainment only.