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3 Things: Being Smart About Charitable Giving
Being smart about charitable giving 1. As Barry Ritholz notes in this oldie but goodie -- “giving to charity is personally fulfilling and it helps those in need, but some charities are better than others in channeling donations to where they are most needed.” Find out how to do your homework before you give. Be Smart About Charity (Bloomberg View, 12/4/2014) + GiveWell is a nonprofit dedicated to finding outstanding giving opportunities through in-depth analysis. Thousands of hours...
Dimensional Fund Advisors: Catchphrase Investing
NOVEMBER 2017 Catchphrase Investing The financial media is drawn to catchphrases, acronyms, and buzzwords that can be sold as the new thing. FAANG (Facebook, Apple, Amazon, Netflix, and Google) is the latest of these. But does this constitute an investment strategy? Read this week's Dimensional Article. ...
3 Things: The Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act of 2017 Senate Republicans passed their tax reform bill in the wee hours last Saturday morning. Senate Majority Leader Mitch McConnell told reporters that the GOP tax bill would pay for itself. Independent analysis rejects this notion. Next step: turning two bills into one. When chambers pass different versions of a bill, conferees appointed from both the House and Senate meet to reconcile the bills they...
3 Things: Small Changes Add Up
Small Changes Add Up Small changes, beginning today, can materially affect our future wealth; they can also dramatically impact our future selves. This article by Nick Maggiulli includes a powerful visualization of the cumulative effect on future wealth of saving 5% to 15% of our income each year. (Example assumed $50,000 in annual income with a 5% annual return.) Consider also how creating a habit that may not cost us...
3 Things: The Republican Tax Plan
At SAGEbroadview we are very busy this holiday season and I expect our readers are too. So, for the rest of the year, barring an emergency that I would need to address (another credit agency security breach, for example), we will keep things short and sweet. I will share three articles each week with one or two sentences about each article. The articles may all be on the same topic,...
Dimensional Fund Advisors: The Uncommon Average
OCTOBER 2017 The Uncommon Average “I have found that the importance of having an investment philosophy—one that is robust and that you can stick with— cannot be overstated.” —David Booth The US stock market has delivered an average annual return of around 10% since 1926.[1] But short-term results may vary, and in any given period stock returns can be positive, negative, or flat. When setting expectations, it’s helpful to see the range of...
What Sheri’s Reading: Election Day Edition
November 8, 2017
in Financial Life Planning, Health Savings Account, Investing, SAGE Reads, Tax Management
If you lived in a place with an election yesterday I hope you exercised your right to vote. Here's why.
Tax Nerd Stuff:
On Monday, November 2nd, 2017 the House Republican leaders released the “Tax Cuts & Jobs Act” tax bill. We at SAGEbroadview are reviewing the proposal with all its many complexities, monitoring the debate this week and the inevitable subsequent revisions, and trying to determine how it may or may...
Dimensional Fund Advisors: Lessons for the Next Crisis
SEPTEMBER 2017 Lessons for the Next Crisis We recently experienced the 10-year anniversary of when, in early October 2007, the S&P 500 Index hit what was its highest point before losing more than half its value over the next year and a half during the global financial crisis. Over the coming weeks and months, as other anniversaries of major crisis-related events pass (for example, 10 years since the bank run on Northern Rock...