Buffett recently got rid of his 9 year old Cadillac. This is a car probably worth $5000 in trade-in value at your local dealer. But Buffett wasn't haggling at his local Omaha Caddy dealer, no, he sold it at auction for $122,000! His former Cadillac is pretty unspectacular, but
Time marches on and we can now say the darling index of the 90's, the NASDAQ, has recovered from its high of 5000 back in the year 2000. Although there's isn't much investment benefit in looking in the rearview mirror, the stats geek in me likes to do so anyway.
An interesting chart showing the top 20 metropolitan areas where startups are receiving first round funding from venture capital firms. It's not as concentrated as I would have thought. Source: Brookings via Ritholz
College savers have a little more flexibility inside their college savings plans thanks to a 529 rule change for 2015. The Achieving a Better Life Experience (Able) Act was signed into law by President Obama last year. It allows 529 account owners to change up their investment selections twice per
Trucks are back on top and total sales are nearing their pre-recession levels. What's driving sales? A stronger economy, more manufacturer backed special financing, and low gas prices. That last one is a hard for me to understand as I can't believe that we are in a new paradigm of
College savers were surprised to hear President Obama say during his State of the Union address that he wanted to tax the distributions from 529 plans. As he explained, the Middle Class are the biggest users of 529 college savings plans and he believed they could bear a tax on
How the person providing your investment advice is compensated could have a bigger impact on your financial plan's success than any other factor. Compensation drives the quality of advice and the amount of time an advisor spends working for you. In the investment business, there are three popular model firms
There were several high profile collector car sales last year. The ten on this list compiled by Classic Car, totaled $141mm. The nine highest were Ferraris with a Ferrari beating race car by Ford at number 10. Read the rest at Classic Car.
Oil prices continued to fall today with the WTI contract closing below $50 per barrel, a price not seen in five and a half years. 2015 hasn't started great for the equity markets either as the S&P 500 fell for the fourth day. I'm not crazy enough to