How to Not Torture Your Retirement Numbers
“The nature of human psychology is such that you’ll torture reality so that it fits your models.” Let’s not do that.
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Jesse Cramer
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
I Hate You, cliff
Some parts of the financial planning world are sheer cliffs. Take one step over that cliff and it’s a long way down.
As Simple As That
We don’t need daily, weekly, monthly, or even annual market forecasts. When it comes to the stock market, you should care about decades.
Short-Term Pessimist, Long-Term Optimist
Retirement is a balance between short-term low-risk pessimism and long-term high-risk optimism. Sufficient returns, sufficient safety.
In Defense of Brenda’s Lottery Decision
A lotto winner chose $1000 per week over a $1M lump sum, and the critics howled. But I don’t think they’re right.
The Devil’s In the Details
This stuff can be complex. It has nuance. It deserves serious attention. Minor misunderstandings can compound.