Beware of Good Yields

This essay, written in April 1993, was published as investors had just come through a period when many of the...
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Social Security by the Numbers

As with all government programs, the numbers are much more understandable when viewed on a per-person or per-family basis.  The...
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Mom: The Squeeze On Your Income Will Continue

Mom: since November 1990, you’ve seen the interest rate paid on one-year bank CDs fall. Many of your friends are...
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Basic Financial Maxims I Want My Kids to Know

“There is No Free Lunch.”—Milton Friedman…There’s no free income either….The essentials of life are cheap. Only the luxuries are expensive….A...
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Wake Up America – Houses Don’t Make You Money!

In the 1970s (when inflation rates were higher than mortgage rates), one of the best investment strategies was to borrow...
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