Put Down the Brick…

The summer of 2020 may be receding, but it now feels like the beginning of another summer, 1914, when a Serbian nationalist assassinated the heir to the Austro-Hungarian empire, Archduke Franz Ferdinand. What could have been an isolated tragedy escalated because of rigid alliances, heavy arms buildups, and stubborn pride.  World War I ultimately killed …

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What Are Wall Street’s Typical Returns (and a Mea Culpa)

If you read columns by financial advisors or listen to their radio shows or podcasts, you will find no shortage of bullish prognosticators who will tell you that if you patiently leave your money in the stock market for many years, you can expect a rate of return of 10%, 12%, even 18%. Dave Ramsey, …

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Local Investment Strategy #4: Pay Your Mortgage Faster

(This blog is part of a 12-part series on emerging opportunities for local investment that are especially important in the post-COVID era.  It’s drawn from my new book, Put Your Money Where Your Life Is.) —– In my last blog, I argued that if you have any significant savings to invest (say $50,000 or more), …

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The 10 Dumbest Phrases Used By Economic Developers

ED.  Everyone’s got it, and no one wants to talk about it.  I’m referring, of course, to the wonderfully loopy world of economic development.  While no blue pill can cure it, you might be able to help. Below are ten common phrases used by economic developers that suggest they are on the wrong track. If …

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7 Ways to Grow Your Economy Now

A tidal wave of red ink, precipitated by COVID-19 shutdowns, is now drowning towns, cities, and counties across America. Massive cuts in services loom ahead, as do huge tax hikes.  Localities face unprecedented challenges in rebooting their economies. Where I live, in Montgomery County, Maryland, the County Executive recently empaneled about twenty businesspeople and economic-development …

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Three Free Events in the Next Two Weeks

If you are going stir-crazy spending your summer indoors, I can help. Here are three events, dear friends, I hope you will consider attending. All local-economy related. All free. All filling up fast! First, I will participate with my dear friend Judy Wicks this Thursday, July 9, at 2 pm EDT in a conversation sponsored …

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Local Investment Strategy #2: The People You Love

(This blog is part two of a 12-part series on emerging opportunities for local investment that are especially important in the post-COVID era.  It’s drawn from my new book, Put Your Money Where Your Life Is.) Last week I talked about how investing in yourself by paying off your credit cards was the single best …

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Local Investment Strategy #1: Invest in Yourself

(This blog is the first in a 12-part series on emerging opportunities for local investment that are especially important in the post-COVID era.  It’s drawn from my new book, Put Your Money Where Your Life Is.) One of my favorite Gary Larson cartoons is of a crisis clinic on fire, floating down a river, about …

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When I’m 64…

If I’d been out till quarter to three Would you lock the door Will you still need me, will you still feed me When I’m sixty-four. – The Beatles If ever there were an inauspicious week for the release of my latest book, PUT YOUR MONEY WHERE YOUR LIFE IS, this is it.  Okay, maybe …

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