Your first adult job sprouts a new round of firsts: first couch that isn’t a futon, first bed that isn’t a futon, first kitchen table that isn’t a futon. And then, of course, there’s your first adult paycheck. Ideally, that paycheck will sprout your first investment account. Because while investing may not be top of … Continued
Many basic principles about saving and investing don’t change. But plenty of other things do, including the economy, tax law and employment trends. So we asked leading personal finance experts to share with us the best money advice they ever received, as well as what they would tell today’s new graduates. Here are their responses, … Continued
Superinvestor Seth Klarman has famously said that investments are assets that produce cash flow. If they don’t, they’re speculations. It’s a simple but astute observation that undercuts what many consumers consider investments — things like gold and handbags and baseball cards. So what’s the logic behind Klarman’s quote? Investments are assets that provide goods or … Continued