AT&T Activated Just 146,000 iPhones During First Two Days of Sales

AT&T reported that it activated just 146,000 iPhones during the first two days of sales. Analysts had estimated that AT&T would activate between 500,000 and 700,000 on the first weekend. Apple’s shares tumbled 6% during after-hours trading. Apparently, the 354,000 to 554,000 folks who didn’t buy an iPhone the first weekend it hit stores had […]

Impulse Buying–Letting Our Kids Learn About Money By Making Mistakes

This past weekend my son had to have a video game. All Sunday afternoon he kept clamoring for one of us to take him to EB Games. Eventually we gave in and off we went to the store with his hard earned money. As fate would have it, the game he wanted was not in […]

Beginner’s Guide to Asset Allocation: Actively Managed vs. Index Mutual Funds

Question: Which is better, actively managed mutual funds or passively managed index funds? Answer: Yes. Little else will heat up a discussion among mutual fund investors than the question of whether actively managed mutual funds or index mutual funds are best. This question is not strictly a matter of asset allocation, but it’s such a […]

Using a Rented Nikon Lens in Guatemala

We’re back from Guatemala! It was a wonderful trip. Before we left, I wrote about an $1,800 Nikon lens that I rented for the trip for $210. It turns out the lens (70-200 F2.8) is spectacular. Here is the lens, and as promised, here are some of the pictures I took using the lens. Let […]

The Myth of Zero-Down Real Estate Investing

“No Money Down!” You hear this all the time from infomercials and cheesy real estate books trying to convince us that we can make millions in real estate without making a down payment. To good to be true? Of course. I recently bought my fourth single family rental home. Here are the details about the […]

Using the Morningstar Mutual Fund Screener Tool

The Morningstar User’s Guide is a series of articles discussing how to make the best use of the tools, research and analysis available at There are literally thousands of mutual funds out there. Finding the funds that are right for you often seems like searching for a needle in a haystack. Fortunately, Morningstar has […]