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

Hedging Against Volatility

Question: 1) Does it make sense to split the global equities allocation between the Minimum Volatility Fund and whole-world allocation (e.g., Vanguard’s Total World Fund [VTWSX]) to increase long-term return in exchange for a little more volatility? 2) Can your current recommendation for 10% in cash equivalents serve as your previous 2-3 years’ reserve against Read more »

Lesson 18 – Relax, You’re Going to Die

Over the long term, the survival of the entire global economy almost certainly depends on the continued profitability of the companies which provide the world’s goods and services. Without that, the tax base on which governments rely virtually disappears, lenders to those businesses don’t get repaid, and even that hedge against global disaster, gold, won’t Read more »