Month: July 2017

Subprime Auto Loans Reach New Highs

Remember the billions of dollars of poorly-vetted mortgage-backed securities (MBS) that helped destroy Lehman Brothers and numerous banks (not to mention the world economy) in 2008? This time it’s auto loan-backed securities (ABS) that are setting records.  According to Bloomberg Businessweek, $26 billion in subprime ABS bonds were sold in 2016, surpassing the peak reached…
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How To Worry Less About Your Investments

I don’t suppose worrying is ever a good idea.  If there’s something in your life that you are concerned about, and you have the ability to change it, then you can (and should) do so.  If you have no control over it, worrying about it won’t improve anything and might even negatively impact your health. …
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What Does It Take To Be Happy In Retirement?

It goes without saying that eliminating worries about money is a key component of retirement peace of mind.  But while financial security may be necessary for retirement happiness, it is not sufficient.  I frequently encounter many new retirees who are having difficulty making the transition from spending forty hours (or more) a week at the…
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