Being wealthy doesn't mean having all the money in the world, just not having to worry about it.

Dollar Cost Averaging vs. Lump Sum

Question: I’ve been a dollar-cost averager for many years; however, I’ve read recently a Vanguard study which shows lump-sum investing [has] outperform[ed] DCA [dollar-cost averaging] around two-thirds of the time throughout history. Wanted to get your thoughts on which one is better long term. Thanks. Answer: My opinion is that you should invest the money when you Read more »

Liability Insurance

Question: Our nightly local news is mostly funded by ambulance-chasing lawyer ads looking for clients who want to get rich by claiming an injury from fender benders to serious collisions. It would seem at first glance that having lots of liability insurance and umbrella policies would be a wise decision for anyone with significant assets. (Full Read more »