Michael on June 1st, 2010
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Mariusz Skonieczny is the founder and president of Classic Value Investors, LLC, an investment management company. He is also the author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market.
I recently [...]

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One of the best parts of the weekly personal finance carnivals, including this week’s carnival hosted by WiseBread, it the wide variety of personal finance topics covered.  In addition, I always take the time to enjoy an article or two that I’ve been meaning to write myself but just haven’t gotten to.  This week was [...]

Continue reading about What do extra loan payments, toilet paper, and Monopoly have in common?

A headline on page one of today’s Wall Street Journal reads “Rally Sends U.S. Stocks Into Black For the Year.”  If that sounds unlikely, that’s because it seemed impossible just a few weeks ago.  But, as I mentioned last week, you should always expect the unexpected.
In recent months, I’ve seen several articles claiming the end [...]

Continue reading about Yet another reason why you shouldn’t even try to time the market

Michael on April 27th, 2009
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You might already know that I’m a pretty big Red Sox fan.  This weekend’s series with the NY Yankees was filled with a lot of unexpected events including a 2 run bottom of the ninth comeback, a 16-11 game (during which the Red Sox once trailed 6-0) and in my mind the craziest: Jacoby Ellsbury’s [...]

Continue reading about Expect the Unexpected: The Jacoby Elllsbury Edition

This is a guest post from Grant Baldwin, the author of Reality Check, a book about helping students transition into the real world.  His new website, BrokePiggy.com, answers questions from teenagers about personal finance, savings, and all things money.
This series “12 Things Every Teenager Needs To Know About Money (And How To Teach Them)” is [...]

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Michael on March 30th, 2009
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Market timing is dangerous.
You: You’ve said so before.
Indeed, it’s one of the key themes of my chapter about investing in Beyond Paycheck to Paycheck.  I bring the topic up again now for two reasons. First, because there are many people these days who, due to the yucky markets –
You: Yucky?
Yes, yucky.  Yucky is an increasingly [...]

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Michael on March 4th, 2009
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I recently recorded a second series of podcasts with the Quicken team.  Topics included:

Emergency Funds and Large Purchases
How to pay off and manage debt
Investment Advice

You can also listen to them on itunes by searching for Quicken. Or download them and listen to them later, like when you’re not supposed to be working.
Always welcome your feedback [...]

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Michael on January 23rd, 2009
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It’s Friday, so it’s time for this week’s reader-submitted Q & A. If you’d like to submit a question, click here for more information or simply email a question.
My wife and I are going to receive a hefty income tax refund.  We didn’t adjust our W-4’s properly until September ‘08 (after we read Beyond [...]

Continue reading about Investing in 2009 – What are your financial priorities?

Michael on January 16th, 2009
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That a US Airways plane landed safely in the Hudson River saving all 155 people on board is beyond simple explanation.  A headline describing a plane losing both engines is supposed to be followed by an article featuring words like “tragedy” and “death,” and phrases like “much too soon” and “unfortunate victims.”  I doubt anyone [...]

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Continuing on my year-end theme, I blogged yesterday about using your FSA funds before losing them.  Previously, I discussed the importance of maximizing your match in December.  Today’s tip, and one of the most commonly discussed, is those capital losses.
You: What are capital losses?
When the DC hockey team plays the Bruins.
You: What?
Forget it. Inside joke.
You: [...]

Continue reading about Year-End Financial Planning Tip #3: Oh, those losses on capital (and some obtuse sports jokes)