Essays & Videos
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Financial Freedom After Graduation
Essential Money Advice for New Graduates Parents and grandparents: Share this with your graduate—these early financial decisions can be worth hundreds of thousands of dollars over their lifetime. Congratulations, graduate! [...]
Letter to My Daughters: On Financial Health and Wellness
Financial Health and Wellness have a LOT in common with Physical Health and Wellness; especially in the sense that everyone knows it’s important, and they even know how to do [...]
WEALTH vs. INCOME: They are not the same thing.
Income is the money you earn. It can come from your job, a business, rental property, or even investments. It’s what comes in each week, month, or year — like [...]
Thoughts On: Uses of Cash in the Portfolio
Should we go to cash? Why cash? Periodically, clients ask if we should “go to cash” with their portfolios. They never ask this question while stock prices are going up, [...]
Navigating Today’s Market Realities
Investors face a complex landscape: cash and short-term bonds offer modest returns that, after taxes and inflation, do not currently keep pace with rising living costs. For example, a 4.2% [...]
Memorandum #154
Jeff and Ron Muhlenkamp discuss the first quarter of 2025, which saw stable economic indicators like CPI. But significant government policy shifts, particularly in tariffs and regulatory restructuring, have created [...]