About That “Consider Firing Your Male Broker” Op-Ed

Tyler Linsten Investing, Personal Finance

Hopefully you’ve also fired your Mail Broker by now. Stamp prices are at record levels this week and he’s just sitting around doing nothing about it! This aggression cannot stand. In all seriousness, I’m actually referring to the controversial New York Times opinion piece penned by a financial advisor in New Orleans this month. To sum it up, she makes the case to fire your “male broker.” Wading into this topic is fraught with peril, but I’ll do it anyway because it’s my blog. Don’t mistake my maleness for generating my reaction. It’s my status as a fellow fiduciary fee-only advisor (and also a fellow CFA Charterholder!) that draws out my serious criticism here. Ms. DuQuesnay says she didn’t write …

Personal Finance 101 in a Single Picture

Tyler Linsten Investing, Personal Finance

Study up. You’re living the test. Spending the $1,000 results in an instant 100% loss in value, storing it in cash brings a 53% loss in value over 25 years, saving it brings a 22% loss in value over 25 years, but investing results in a 238% gain in value over 25 years. There are so many important bullet points to be extracted from the table above. These are lessons some people never learn and are more valuable the earlier you start: Spending money is not a great investing strategy, but prevents losses to inflation (this is sarcasm). Inflation is an absolute killer. It is the slow-churning, deadly assassin in your financial life. Even a 2% rate on cash in …

Stop Throwing Away Free Money, Emergency Savings Edition

Tyler Linsten Investing, Not Sarcasm, Personal Finance

Yeah, you. Knock it off.  If you have any kind of sizable amount of cash saved outside of your retirement accounts, and many people do, then you’re probably passing up a nice chunk of change by letting it sit idle, earning little-to-nothing in interest. It’s understandable. You just accumulated it in a checking or savings account at your favorite bank, and it’s annoying to open new accounts. Inflation has been pretty low so you’re not too worried about earning nothing. And pretty much everything is better than opening a bank account. But now you can be paid handsomely all year for a few minutes of your time today. Seemingly overnight, we’re back to a more “normal” interest rate environment. The …