Why? They theorize that drivers try to evade police by lowering their phones when texting, which increases the risk by taking their eyes even further from the road and for a longer time.
Why do I bring this up? Because the unintended consequences of every action should be taken into consideration.
A good think to remember when we’re talking about economic policies–monetary or fiscal.
CLICK FOR FULL ARTICLE – CRASH INTO ME
This is a quarter you’re going to hear about Quantitative Easing.
I hate it.
From the banks’ point of view, it makes perfect sense. For you and me, not so good.
How did QE work in Japan and the UK? Not well at all.
What can we learn from him today? How about from his biggest mistake?
CLICK FOR FULL ARTICLE – WARREN BUFFETT’S WORST TRADE & BIGGEST MISTAKE
Is the pain of losing money greater than the joy of making money?
The problem is that most people NEED to take some risk to realize their retirement goals because the rate of return needed is greater than the risk free return.
With inflation, there’s opportunity cost as well.
One of the things I do for clients is work with them to balance these competing desires of growth and principal protection. Call me if you’d like to discuss this in your situation.
Click on the link for a discussion of which is worse–Losing Money or Not Making Enough.
Just because a mutual fund costs more doesn’t mean it’s better, but then just because it’s cheaper doesn’t mean it’s better either.
Click for a further discussion