DR 041: A Rare Glimpse into Warren Buffett’s Asset Allocation Plan (including the mutual fund he would pick)

Warren Buffett and Charlie Munger

Podcast: Play in new window | Download | EmbedExcerpts from Warren Buffett’s letter to Berkshire Hathaway investors have been released. In the latest excerpt, Buffett talks about investing in mutual funds, of all things. Specifically, in his will he leaves money to his wife in trust. He has provided guidance on how he thinks the […]

Published or Updated: February 26, 2014

Barclaycard Arrival World MasterCard Review ($400 Bonus)

Barclaycard World Arrival MasterCard

Update: The spend required to receive the 40,000 bonus miles has gone up from $1,000 to $3,000 in the first 90 days. Even so, this card still ranks as one of the most rewarding and exclusive travel cards you’ll find anywhere. When I think of a top travel rewards card, the likes of Capital One, […]

Published or Updated: February 23, 2014

DR 040: How Best to Use a Backdoor Roth IRA

Key Retirement Assumptions

Podcast: Play in new window | Download | EmbedEven if you exceed the income limits for contribution to a Roth IRA, you may still be able to take advantage of this excellent additional retirement account option. You can work through what’s called a “backdoor Roth,” which basically means that you convert traditional IRA contributions into […]

Published or Updated: March 30, 2014

DR 039: Mutual Funds vs. ETFs–Does it Really Matter?

how to invest in mutual funds

Podcast: Play in new window | Download | EmbedFollowing the conclusion of my 31-Day Money Challenge, I’ve had several people email me about the difference between mutual funds and ETFs (exchange traded funds). A quick review of opinions online may lead some to think ETFs are better than mutual funds. There is a lot of […]

Published or Updated: February 21, 2014

Person to Person Lending Challenge

Borrow or Lend Online

A quick Google search reveals that person to person (p2p) lending and borrowing is all the rage. From the Wall Street Journal to the Huffington Post, the media dissects the p2p industry. The two giants in the field are LendingClub and Prosper, as this chart from the above WSJ article aptly demonstrates: I’ve invested in […]

Published or Updated: April 3, 2014

Can you contribute to a 401k and IRA?

question mark twn

During the 31-Day Money Challenge, readers sent in a lot of great questions. One question from a reader named David is one I’ve received many times. Here it is: My 401k is maxed out for the year at 17,500 + 5,500. Can I also contribute a total of 6,500 to a conventional IRA with after-tax […]

Published or Updated: February 3, 2014

Me vs. the S&P 500–2013 Edition

Investment Performance - February 2012

With the 31-Day Money Challenge having come to an end, I’m without excuses. Did I or did I not beat the S&P 500 index in 2013 with my stock picks? I’m a big believer in low cost, passive index mutual funds. Most of our investments are in Vanguard and Fidelity index funds that cost between […]

Published or Updated: April 9, 2014

DR 038: The Dough Roller Podcast Listener Q&A Edition

Dough Roller Podcast--Veterans Day

Podcast: Play in new window | Download | EmbedThis is the last day in our 31-Day Money Challenge. Over the past 31 days, I’ve published 31 podcasts, each designed to help you move closer to financial freedom. Yesterday was talked about retirement accounts. In today’s podcast, we wrap up the series with a number of […]

Published or Updated: February 8, 2014

DR 037: 5 Steps to a Perfect Retirement Savings Plan

401K

Podcast: Play in new window | Download | EmbedThis is the thirtieth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday was all about mortgages. In today’s podcast, we cover the basics of retirement accounts (401k, IRA, and Roth accounts). […]

Published or Updated: February 19, 2014