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Posts under ‘Retirement’

US Economy Scrapes on By

I know I’ve been stuck on the economy of late, even more so by the latest announcement concerning our GDP: “The Commerce Department reported Thursday that gross domestic product increased at a feeble 0.6 percent annual rate in the October-to-December quarter. The reading — unchanged from a previous estimate a month ago — provided stark […]

Back in Black!

It appears that my discretionary portfolio has managed to stage a precarious turnaround for the year. This past week it managed to pull out a year to date return of 1.14%. This doesn’t really sound all that great, until you put it up against the market’s return. The S&P500 is currently down 9.46% Year to […]

Investment Risks: I Just Picked up BAC

In my discretionary brokerage account, I recently picked up a new holding that is definitely my riskiest play to date. If you’ve ever followed my thinkings on investing and income, I tend to be a “for the long haul” kinda guy. I don’t like making trades, I like making investments, and much of the time […]

Millionaire at 11$ an Hour? Possible.

I’m always fascinated to hear stories of people who never made much money but still came out rich. Much of this is due to to the immediate cynicism people have at the prospect. If I even mention becoming a millionaire to someone who makes around the median income for the US, I am shot down […]

What you Really Need to Retire Wealthy

Time. There, I said it, the key to the universe of wealth and a lifetime of money is time. If you’re over the hill of course, this doesn’t mean you are counted out either, but it is going to be tougher for you since you have less time to take advantage of compounding. How much […]