DR 063: The Four Hidden Fees of Mutual Funds (This Could Save You 33%!)

Dodge   Cox Stock  DODGX  Fund Tax Analysis

I recently read an article by John Bogle, the founder of Vanguard. The article, The Arithmetic of “All-In” Investment Expenses, is a very detailed piece about investing costs over and above what’s reflected in the expense ratio of a fund or ETF. There are four “hidden” mutual fund fees that aren’t captured in the expense […]

Published or Updated: May 9, 2014

DR 062: 3 Questions to Ask Before You Hire a Financial Advisor

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I‘ve received several emails recently about the topic of hiring an investment advisor. This is a very important question, and I suspect many wrestleg with this issue. Whether you’re just starting out and trying to figure out how to invest, or you’re nearing retirement with a decent nest egg, you may be thinking about this […]

Published or Updated: May 7, 2014

DR 061: 6 Ways to Harness the Power of Hedonic Adaptation

hedonic adaptation

Why does the excitement of a pay raise wear off in just a few months? Why does the “shine” of your new gadget or gorgeous new home wear off so quickly? The answer is hedonic adaptation. Some people also call it the hedonic treadmill. It sounds philosophical, but it’s really relevant to how we make […]

Published or Updated: May 6, 2014

DR 060: The Basics of Dividends, Stock Splits, and Buybacks

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What are dividends, buybacks, and stock splits? Are they good or bad for investors. These things have a big impact on investors, but many investors don’t really understand them. So we’re going to talk about what these three things are in the context of a popular, well-known company – Apple. Recently, Apple announced its second […]

Published or Updated: May 2, 2014

DR 059: Should You Rent a Home or Buy One?

Rent vs. Buy  Which is Cheaper for You    Trulia Trends

Is renting or buying a home better? How do you determine which is right for you? Is there a basic rule of thumb you can use to make this decision? A reader named Joe recently wrote in asking if it’s better for him to rent or buy. This is a timely question, and it’s one […]

Published or Updated: May 1, 2014

DR 058: 6 Reasons Gold is a Terrible Investment

A reader named Aaron sent me an email recently asking about gold and silver. He wanted to know if they should be a part of a diversified portfolio. He writes: Hi, Rob. I enjoy reading your tips, and I’ve put a lot of them in place for our retirement savings. My question is: what is […]

Published or Updated: April 29, 2014

Reader Tip: Pay Your Credit Card Bills Before They’re Due

Pay off credit card early

Some folks have trouble paying their credit cards on time. Paying them early seems completely out of the question. Yet we got this great money tip from a reader named Steve who does just that: I have a money tip for credit cards. Let me know what you think. About six months ago, I started […]

Published or Updated: April 28, 2014

DR 057: 9 Things to Know About the myRA

The New myRA Retirement Accounts

In the most recent State of the Union Address, President Obama unveiled the myRA – My Retirement Account. Another retirement savings option? Yes. In addition to 401k, 403b, IRA, Roth IRA and a host of other types of retirement accounts, later this year we can add the myRA to the list. In this article we’ll […]

Published or Updated: April 23, 2014

5 Tax Moves to Make Now (Yes, After Tax Day)

5 Tax Moves After April 15

With April 15th behind us, taxes are probably the last thing on your mind. They shouldn’t be. If you only think about taxes at the beginning of April, you’re missing out. Making the right tax moves now – even after tax day – will help improve your tax situation next year. At a minimum, planning […]

Published or Updated: April 22, 2014