Value Investing Guide

Save. It’s not how much you make, but how much you keep.
Your household is a business, and as its CFO, you should run as such. Create an income statement and a balance sheet.
Know your minimum cost of living range.

Before getting into asset allocation, or Roth vs Traditional IRAs, taxes, inflation etc., the first question we should answer about our retirement is: HOW MUCH WILL I NEED?
Much of the literature out there suggests we need 80% of our pre-retirement income.  I recommend starting with an estimate of our required minimum. It’ll seem less daunting. Ultimately, we first want to know we’ll have some basic allotment to live. Wanting...

Imagine what it would be like if every publicly traded company kept their books with different sets of guidelines? It would be a mess!
The CFO would say, “well we note assets like this because we feel strongly to do it that way, and we don’t record liabilities because we don’t believe in it.” Even if they were forced to disclose that, it would be extremely difficult and time consuming...

Asset allocation is about managing risk.  After all, it’s a highly risky world. So much can happen, right? And when we think of long-term investing, we are typically trying to overcome what’s called longevity risk: the notion that we will live a long...