Tag Archives: Personal Finance

What is a Reverse Mortgage?


Will the reverse mortgage surge in the coming years? We think so. Tyler Durden at Zero Hedge wrote yesterday, “Nearly eight years into an economic recovery, nearly half of Americans didn’t have enough cash available to cover a $400 emergency. Specifically, the survey found that, in line with what the Fed had disclosed in previous years. Forty-four percent of respondents

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What is VIX?

There’s been a lot of talk about the low level of VIX lately. Just this past week Zero Hedge commented on VIX saying, “As Nasdaq melts up faster than Bitcoin, perceived equity market risk has utterly collapsed. VIX just hit 9.92 as NASDAQ hit 6,100 (note the most recent low is 9.39 from 12/15/06 and all-time low at 8.89 on 12/27/93) What is

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7 Financial Decisions

7 financial decisions

By Mike Landfair When you get to be my dad’s age, it is easy to look back on a well-lived life and have some regrets regarding these 7 financial decisions. His biggest regret is embodied in the saying, “I earned lots of money when I was young and burned it all on wine, women, and song. The rest I just wasted.”

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Retirement Planning in 1 Minute

retirement planning in 1 minute

The best time to think about your retirement is always the present. Perhaps it’s only a few years away, but then again even if you’re young, don’t make the mistake of thinking it’s too early to prepare.   What if an accident forces you into early retirement and renders you unable to provide for your family? You surely get the

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Tangible and Intangible Assets Explained in 1 minute

tangible assets

As there name suggests, tangible assets, such as gold or real estate can actually be touched and this tends to gives people a more authentic sense of ownership.  Intangible assets tend to be perceived as more abstract, and can be 1) completely intangible, such as bitcoin or domain names or 2) claims to tangible assets such as a stock certificate,

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The History of Paper Money – Part 3: Barebones Economy

england bank note

In the last episode we got to the ad-hoc unofficial beginnings of paper money. This week, we’ll look at some of the rogues’ gallery that really created the intellectual argument for adopting paper money in some more official way. When we last left off in England in 1640, the first unofficial banknotes were starting to circulate, but in the early

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