Ladder Investing
What’s the best way to invest inside of a fixed, long-term vehicle? I compare Buy-And-Hold, Life-cycle Funds, and a new approach that I call Ladder Investing.
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Why Rich People Are Broke
A significant proportion of high earners are living paycheck-to-paycheck. Why? In this post we explore some of the reasons for this strange phenomenon.
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Short Term Capital Mismanagement
The LTCM was experiment was a disaster. What can we learn from it? I outline 4 lessons learned from revisiting LTCM.
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Don’t Think About Personal Finance in Isolation
Personal finance is complex. This means that reductionism is dangerous – don’t think of personal finance components in isolation in time or space.
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Why Passive Investing Generates Alpha
Under traditional definitions, passive investors cannot generate alpha by definition. But under a new, more-relevant definition, they can.
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Financial Utopia Without Financial Advisers
In an ideal world, everyone would have a financial adviser. But in reality, that’s not possible. The good news is that most people don’t need one.
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I Solved the Passive Investing Debate
Passive investing is still hotly debated. It’s largely a god strategy – it’s quick and easy and it works…if certain conditions hold true. But it has problems.
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Putting Out a FIRE Part II: The Happiness Problem
FIRE is mathematically flawed but is also psychologically flawed. It involves sacrifices early years for some hypothetical tomorrow – there is a better way.
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Putting Out a FIRE Part I: The Numbers Don’t Add Up
Popular FIRE accumulation and withdrawal are too risky. Simulations tell you that following FIRE religiously can leave you exposed.
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Why I’m Against Optimisation
Optimisation is stupid. Trying to build the max-return portfolio, taking on debt, and building the “perfect” personal finance structure are foolish endeavours.
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