I highly recommend this article from the New York Times about making more decisions in our 401K plans.  I especially like the thought of being able to add low cost index funds to our plans.  I also agree that allowing investment amateurs to potentially ruin their retirement plans is a concern. 

I watched the movie Wall Street last night. I hadn't seen it in awhile so I really enjoyed it.

 

Of course, one of the most famous parts of the movie is when Gordon Gekko makes the argument that greed is good. Is greed good? Gordon Gekko answers his own question with a strong yes. He says that greed is what leads people to make things, build companies, strive to do and get…

Continue

CNBC has partnered with One & Only Resorts to add a sweepstakes to their Call The Close game.



Each day you make a guess at where the Dow Jones will end up, you get an entry into the end of the year sweepstakes. Four winners will be drawn at the end of the year for vacations at One & Only Resorts.



I'm not exactly sure what the daily winners get other than a mention on air. There is a leaderboard on the CNBC website so you can track your progress in making the right… Continue

I was reading a story in USA Today about the different ways investors are reacting to the past two years of stock crashes and rebounds.



I was happy to read that I fell into the most favored of the three categories. The agressive investor who bought more stocks as the market bottomed out and then enjoying the near record rebound.



For a lot of investors, the market volatility scared them out of the market. Some got completely out of investing and some are only investing in… Continue

In an article in the New York Times, Burton G. Malkiel, a professor of economics at Princeton University, argues that everyone (including the wealthy) have the best chance of investing success with index funds.

He says that the wealthy sometimes think they need to get more agressive with hedge funds,…

Continue