JUMP!
Some jumps are so high – and potentially devastating – that insurance provides a true de-risking. Other jumps are so shallow that we can “insure” them using our emergency fund and monthly cash flow.
Jesse Cramer created The Best Interest to explain personal finance and investing in simple terms. His writing has been featured by CNBC, MSN, The Motley Fool, and other national publications. He resides in Rochester, NY with his wife and their dog, where he works in wealth management. Follow Jesse on Twitter: @BestInterest_JC
Some jumps are so high – and potentially devastating – that insurance provides a true de-risking. Other jumps are so shallow that we can “insure” them using our emergency fund and monthly cash flow.
We had a terrible start to our honeymoon. Bad luck and human incompetence torpedoed our first travel day. Naturally, I took it as an investing lesson.
Overheard at a party, “I don’t get how there can be so many blogs and books and podcasts. They’re all just re-hashing the same thing!”
Want financial success? Here’s the most important foundational rule – but it’s usually ignored.
“There are lots of social media videos where “experts” say life insurance is a superior investment to 401(k) and IRA accounts. Sounds weird to me, but you guys are the experts – what are your thoughts?”
It’s statistically “easy” to beat the market during a bear market. But here’s why we shouldn’t try to do it…