Don’t Get Ponzied

By Larry Kahaner   When experts offer ways to avoid being taken in by Ponzi schemes, the suggestions often go to due diligence and checking out the person who wants to invest your money. They also suggest looking up the person’s criminal or civil sanctions from the Securities and Exchange Commission (SEC).             These are fine…

US Students in Middle of Financial Literacy Pack

By Larry Kahaner               A recent study of 15-year old students worldwide showed that U.S. teens have more to learn about finances compared to their counterparts in 17 other countries. The students ranked about in the middle of the pack with Chinese students in Shanghai ranking highest followed by Belgium, Estonia, Australia, New Zealand,…

Boomerang Kids Don’t Get It

By Larry Kahaner Sunday’s New York Times Magazine story about boomerang kids – young people who have left their parents’ homes and returned – noted that one in five people in their 20s and early 30s is currently living with his or her parents. In addition, “60 percent of all young adults receive financial support…

Recent Financial Study Scares the $#^&% Out of Me.

A recent study from Country Financial has me worried. It’s not only because the study reveals that 1 in 4 Americans across all age groups have a retirement nest egg of zero. It’s no surprise that people age 18 to 29 save the least because young people rarely think about saving for their golden years.…

TV Stock Gurus Can Make You Broke

  By Larry Kahaner   In an attempt to make money in the stock market, many investors – especially novices – follow experts on TV. They buy what they buy and sell what they sell.  Maybe not every stock they mention, but it’s easy to be swayed by experts who seem so sure and confident.  But don’t…

The New myRAs are a Good Start But I Have a Better Idea

By Larry Kahaner   With so few Americans saving for retirement – seventy-five percent of Americans nearing retirement age in 2010 had less than $30,000 in their retirement accounts – I applaud the new initiative known as the myRA, a takeoff on IRA or Individual Retirement Account, (Here’s a good primer) but it falls short for…

How I Beat Warren Buffett in the Stock Market

  By Larry Kahaner   For the past 49 years, Warren Buffett has been one of the world’s most successful investors. However, over the last four of five years, I’ve bested his record. Even Buffett admits that he would have done better with a plain, old index fund. That’s what I did. For those of…

That’s My Mutual Fund. At Least I Think So.

By Larry Kahaner   One of the questions I like to ask at my presentations is: “Which mutual funds do people own?” The hands go up and the shouting begins. “Fidelity,” says someone up front. “Vanguard,” says another. “TIAA-CREF,” shouts a teacher in the back. When I follow up and say that these are ‘fund…

But What if the Market Goes Down?

By Larry Kahaner After one of my recent presentations a student came up to me and asked how to invest in the stock market a just-received $1,000 windfall considering that the market is at all time high. He said: “What if I put my money in now, and the market goes down like many are…