Inadequate Advice for Saving

It’s as if the financial press WANTS people to be poorly prepared for a happy retirement. This chart from CNBC – dubiously thought of as a business channel – suggests the amount of savings people should have at different ages before retirement. A friend sent it to me a while ago and I think it’s simply terrible. First, the chart starts with the frequent financial … Continue reading Inadequate Advice for Saving

Fight Those Vampire Fees!

With Halloween in the air this month, perhaps it’s fitting that regular reader and disciplined dividend investor, Klaus Wentzel, sent me this outstanding case study in fighting ‘Vampire Fees’. You know, those hidden fees and billing changes that companies increasingly tack onto our routine bills? Klaus has had extraordinary success in getting into the details of his monthly bills and uncovering hundreds of dollars in … Continue reading Fight Those Vampire Fees!

Sudden Savings Surprise

Anyone that has tried to make a major purchase recently – a home, remodel, new vehicle, or electronic purchase – knows how tight supply is for everything after the pandemic. At the same time, investors are wringing their hands over rising inflation. With that in mind, I was surprised to see this JP Morgan chart on the US personal savings rate. People are doing a … Continue reading Sudden Savings Surprise