Money Can Buy Happiness…

June 26, 2009   

Researchers have concluded that you can buy happiness after all – when you spend money on others.

Can I Open a Section 529 Account in Anticipation of My Future Grandchild?

June 26, 2009   

No…but yes.  If you're about to be a grandparent (or parent), check out this article on opening an Section 529 account to fund the child’s college education

How a Little Self-Deception Makes the World Go Round

June 26, 2009   

Rationality tells us we need to be completely realistic.  But psychological research tells us that holding a few unrealistic views about the world and our place in it can make us healthier, wealthier and happier.

Treasury Bills Risk-free? Think Again...

June 11, 2009   

In a seven-minute video, David Booth, the chairman of Dimensional Fund Advisors, explains why inflation makes US Treasury bills riskier for the long-term investor than stocks.

Study Shows that 75% of Stocks Have a Negative Return Over the Past 29 Years.

June 10, 2009   

Tempted to pick stocks?  Lots of people are.  Had bad luck in it?  Lots of people have.  Would you be surprised to learn that, statistically, 75% of stocks have a negative return?  (A great article from a client...thank you!)

Tax Employer Healthcare Benefits

June 9, 2009   

Taxes can encourage people to make spending or investment decisions for tax reasons instead of economic reasons.  Sometimes this is intentional.  To illustrate, the excise tax on cigarettes is partly intended to discourage smoking, and it does have that effect.  But many taxes have unintended economic effects.  For example, while income from an employer is subject to income tax, most employer healthcare benefits are not.  This may encourage employers to give raises in the form of healthcare benefits.  One solution:  tax employer healthcare benefits.  I’m not a big fan of taxes, but this is one that would make sense.

The Geography of Recession

June 3, 2009   

With the increasing national deficit, the possibility of very expensive national healthcare, and the huge expenditures by the Federal Reserve Bank, it’s easy to imagine that the United States economy is inevitably on the decline.  It isn’t that simple, though.  As Peter Zeihan of Stratfor® argues, the U.S. economy is far more stable, durable and flexible than most other global economies – in part due to, of all things, the country’s geography.  The Stratfor writer offers an unusual perspective on long-term economics that
I believe you will find fascinating.