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ROI of Brand Name Colleges? It’s What You Study In College That Matters, Not Where You Go

Soon high school seniors will start receiving their college acceptance letters. This week's issue of The Economist has an article discussing the results of a PayScale study of the relationship between the financial return on investment (ROI) of a … [Read the rest]

Benjamin Franklin and Compound Interest: “Money makes money. And the money that money makes, makes money”

We've all heard of the power of compound interest. We've all heard of Benjamin Franklin. But have you heard of the story where Ben Franklin let his money compound quietly for 200 years? Here's an excerpt from the book The Elements of … [Read the rest]

Best Frugal Cast Iron Skillet Pan – America’s Test Kitchen

Back in 2007, I wrote about cast iron skillets as the ultimate frugal cookware? To this day, I still think they can play a regular role in the home kitchen. America's Test Kitchen (ATK) has recently released to free e-mail newsletter subscribers … [Read the rest]

Schwab Intelligent Portfolios: Sample Asset Allocations and ETF Holdings

Schwab just sent me an e-mail with the subject "The wait is over. The future of investing is here." That boast means their new automated portfolio advisory platform called Schwab Intelligent Portfolios (SIP) is now opening accounts, meeting their … [Read the rest]

Barron’s Best Online Stock Brokerage Rankings 2015

Weekly business newspaper Barron's just released their 2015 annual broker survey rankings. Here's a snippet that helps explain their perspective and readership (emphasis mine): To pinpoint 2015’s top brokers, we analyzed not just their security, … [Read the rest]

Vanguard Target Retirement Fund Changes 2015

I always keep track of the Vanguard Target Retirement 20XX Funds because: They are a low-cost, broadly-diversified, "all-in-one" fund that I think are a good starting point for both beginning investors and those desiring simplicity. I have … [Read the rest]

The Position of F- You and Financial Independence

In the recent movie The Gambler, a loanshark named Frank explains the Position of F- You to gambler Jim Bennett. (Played by actor John Goodman.) Warning: Lots of explicit language ahead! https://www.youtube.com/watch?v=Q1qFqsQZXfo (Embedded … [Read the rest]

Best 529 with FDIC-Insured High Yield Savings: Interest Rates Up to 2.25% APY

Many people want to take advantage of the tax benefits of 529 college savings accounts, but don't want to deal with the volatility of stocks or bonds. Perhaps the beneficiary will need the funds soon, or you want the security of FDIC insurance. … [Read the rest]

Discover it® Miles – Unlimited 1.5x Rewards Card Review: 3% Cash Back During First 12 Months

Discover started with one credit card. Over the years, they expanded to a bunch of different cards. Back in 2013, they nuked all of them and started fresh again with the Discover it. But you know that simplicity never suits large … [Read the rest]

Costco Switches to Citi and Visa in April 2016

Follow-up on Costco dropping American Express. Costco has announced that it will only accept Visa credit cards at its stores starting April 1, 2016. American Express credit cards will no longer be accepted on that date. Customers can still use … [Read the rest]

Berkshire Hathaway 2014 Buffett Letter: Buy Businesses, Not Currency

Berkshire Hathaway has released their 2014 Letter to Shareholders [pdf]. To commemorate the 50th anniversary of Warren Buffett taking over the company (1965-2015), both Warren Buffett and Charlie Munger wrote separate letters discussing both the … [Read the rest]

Voya Corporate Leaders Trust Fund: Replicating a Buy & Hold Fund From 1935

Imagine that it is 1935, and the US has just survived the Great Depression. You think to yourself - if a company can survive this, it's got to be pretty solid. So you buy equal amounts of stock from 30 of the largest US companies, and hold them... … [Read the rest]