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Archive for February, 2008

Home Bias

Friday, February 29th, 2008, by

This term carries a dual connotation. It could, of course, refer to the bubble in residential real estate. We are incredibly overhoused as a nation, and housing is not an investment in increasing productivity. It is, ultimately, a gaudy display of ego and a consumption expenditure. Just as loose and easy money helped to inflate […]

A Taxing Exercise

Thursday, February 28th, 2008, by

Forget all the fanciful proposals now being touted to supposedly reform the tax code. That will all be decided by a new President and a new Congress next year. Or not. What we have facing us now is the urgent and unpleasant task of putting 2007 to rest….and so some pointers are in order…

Mama, don’t let your babies grow up to be….lawyers

Wednesday, February 27th, 2008, by

Let’s journey back in time, four years. My youngest daughter was a graduating senior at ESU (Enormous State University), and I was invited to attend the awards ceremony at the Liberal Arts Honors Program, as she was tapped for Phi Beta Kappa. A very proud day for all of us. There were quite a few […]

Good advice. Bad advice.

Tuesday, February 26th, 2008, by

I may have inadvertently thrown out the baby with the bathwater. In my earlier post on “talking heads” I lumped all the business cable infotainment personalities together, and guided you to print and Internet media instead. But there are at least two worth watching and listening to.

Talking Heads

Monday, February 25th, 2008, by

My wife and I love to watch movies at home, especially the classics. So we made the switch to Satellite TV, and now we are bombarded with over 100 HD selections to choose from. No more schlepping over to the multiplex, being forced to watch commercials before the movie. No more $8 popcorn. No more […]

Hunkering Down

Saturday, February 23rd, 2008, by

I have this mental construct that comes in handy when the economic news is all doom and gloom. Maybe it will work for you too. If you live in the constant and corrosive fear of losing what you have, you simply need to focus on the worst outcome that you can imagine, and then methodically […]

Picking Up the Pieces

Friday, February 22nd, 2008, by

Now that it looks like a full fledged credit meltdown is underway, we need to put on our contrarian hat and see if there is any way to profit from this carnage. The banks have had their wings clipped. They are bloated with loans they can no longer pass on to others at the same […]

Posted on Carnival of Financial Planning – February 21 Edition

Thursday, February 21st, 2008, by

The 2/9/2008 post on Getting Real About Investment Real Estate is listed in the Carnival of Financial Planning, the February 21 Edition. Stop by the carnival and check out the other articles. There is information about budgeting, investing, managing debt, and retirement planning.