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.
The Best Interest » Archives for Jesse Cramer »
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
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.
Debunked: The Later You Retire, The Earlier You Die?!
I am writing this post for one reason – to debunk a terrible, bullsh** study which concludes that: “The later you retire, the earlier you die.”
The Numbers Behind Tax-Gain Harvesting
Let’s spell out an example of how tax-gain harvesting actually works in practice.
No Joke – Just Make It An Infinite Mortgage
In the purest mathematical way, mortgages eventually hit an asymptote. Long-duration mortgages become identical to infinite mortgages.