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Exploring Uruguay, Part 2

Montevideo-Uruguay-beach

Uruguay has beaches, but is it really like Iowa?

This is an excerpt from the February 2008 issue of Global Asset Strategist.

Montevideo’s focus is naturally on the beach. While it’s convenient to walk many places from the water, some attractions like the old city were too far away.  I never bothered to learn the bus system when cabs are so cheap by U.S. standards. Also, they have a unique radio taxi service that will automatically dispatch a car to the address associated with the number you call from, like your hotel, and will give you an approximate arrival time. Continue reading Exploring Uruguay, Part 2

Retirement Pitfalls

Seniors-back-to-work

Pension defaults have pushed seniors back to work.

This is an excerpt from the February 2010 issue of Global Asset Strategist.

In the US, most workers no longer have a pension, so they are herded into company sponsored retirement arrangements. These usually consist of a few, equally terrible options. The majority of workers can choose between a couple of different stock funds, or maybe a bond option. Plans that offer both are considered “diversified,” as if these are the only two asset classes.

These arrangements are “one-size-fits all,” which means they fit most workers poorly. Ideally, consumers would consult a competent financial advisor who could tailor an individual retirement plan. Unfortunately, it can be difficult to get this level of personal service unless you have a large amount of money to invest. Continue reading Retirement Pitfalls

Lasso Your Budget

Most families spend too much on necessities.

This is an excerpt from the March 2010 issue of Global Asset Strategist.

Over the years, I have read a lot of books on finances. Most of them are vague, complicated, or simply wrong.

I found All Your Worth: The Ultimate Lifetime Money Plan, by [...]

7 Debt Survival Tips

This is an excerpt from the July 2009 issue of Global Asset Strategist.

1. Beware of debt relief companies – Government programs are free, so don’t pay for any counseling related to this assistance. You can also negotiate a settlement with your creditors yourself. If you desire some help with the hassle, [...]