Michael Flack

IN AN EARLIER ARTICLE, I detailed how Charter Communications wasn’t so much my internet provider as my extortionist. I thought I’d dealt with it all in an equitable manner. But then, exactly two years after our relationship began, Spectrum abruptly increased the price it charged for internet access by 67%, from $29.99 a month to $49.99. I guess we didn’t have a relationship so much as a contract.
While I didn’t take too kindly to that,

DEAR DAVID: LAST WEEK, you emailed me, “If you had $20,000, didn’t want to take risk and wanted the best return, how would you invest?” It’s a timeless issue, most likely first asked the day after money was invented.
You may be wondering why, besides asking where your money is currently invested, which turns out to be Bank of America at 0.2%, I haven’t asked about your risk tolerance, current financial situation and future financial needs.

THESE WORDS STRIKE fear into the heart of any husband: “Honey, the [insert: A/C, heat, refrigerator, roof, foundation] doesn’t seem to be working.” But from 2017 to 2021, they were mere words to me, no different than, “Honey, let’s go out for coffee.”
For four glorious years, my wife and I traveled around the world and the country, unfettered and unburdened. If we ran into any equipment issues, they were immediately referred to the landlord for rectification.

WHEN MOST PEOPLE retire, they have a good idea where they’ll live. It might be where they currently reside, or where they vacation, or a place near their children or grandchildren. Whatever the case, there’s usually a limited number of possibilities.
But what if you move to a new city for the last two years of your working life, never vacation in the same place twice, don’t own a vacation home, are childless and—upon retirement—sell your home,

THERE’S ONLY ONE THING I like more than writing about personal finance, and that’s drinking a salubrious cocktail. When I realized I could combine both, this article almost wrote itself.
Two decades ago, I read the best cocktail book ever written, The Essential Cocktail: The Art of Mixing Perfect Drinks by Dale DeGroff. He thought so highly of my bartending skills that he even inscribed my copy, though that’s a whole other article.

SHOULD A REASONABLE real estate buyer expect the multiple listing service (MLS) to provide a reasonable description of the property being purchased? What if it doesn’t?
All the previous times I’ve purchased real estate, the MLS accurately described the property I was buying. I realized that disclosures were also provided by the seller, and those specified the finer points of what was being purchased. Still, I’d come to expect a certain amount of integrity from the MLS listing itself.

MY WIFE BELIEVES travel is an adventure filled with new food, new adventures and new friends. Others believe it’s a never-ending series of negotiations, surcharges, taxes and exchange rates, and these need to be painstakingly managed to minimize cost and the deep-seated shame associated with overpaying.
I guess I lean a little more in one direction, as evidenced by my recent travel adventure: a road trip to the East Coast followed by a flight to Chile.

I HAVE WRITTEN THIS article about bourbon because, when HumbleDollar’s editor previously asked me to write about my travels, I thought, “Hey, if someone wants to pay me $60 to write about travel, I’m in. I’m hoping he’ll next suggest I write an article about drinking bourbon.”
Sadly, this site’s editor didn’t ask me to write about bourbon. But I went ahead anyway.
I “spiritually” came of age when I was 19 years old.

ACCORDING TO OXFORD Languages, the word invest means to “expend money with the expectation of achieving a profit.”
I like this definition better than some others because it includes the word “expectation,” which therefore should exclude casino gambling and sports betting. But what if you have an expectation of winning? Couldn’t casino gambling and sports betting both be considered investments? As Zach Galifianakis’s character said in The Hangover, “It’s not gambling if you know you’re going to win.”
How can one create this expectation?

I JUST FINISHED rereading a book every serious investor needs to reread: Moneyball: The Art of Winning an Unfair Game. It was written by Michael Lewis in 2003, but it’s still quite relevant to baseball—and to investing.
It’s the story of the Oakland A’s general manager, Billy Beane, and his struggle to create a competitive baseball team on a limited budget. How does this relate to personal finance? Well, first let me explain my connection to Moneyball.

“I DON’T LIKE BEING too much of an example for people who just want to make money. If you wrest a fortune from life by buying little pieces of paper, I don’t think that’s enough. I never consider it enough of a life to merely be shrewd at picking stocks. If you’re good at just investing your own money, I hope you’ll be good at something more.”
What Charlie Munger, the vice chairman of Berkshire Hathaway,

A FEW MONTHS BACK, this site’s editor suggested I write an article about the “10 things I learned about money from four years traveling the globe.” I thought, hey, if someone wants to pay me $60 to write about travel, I’m in. I’m hoping he’ll next suggest I write an article about drinking bourbon.
Starting in September 2017, my wife and I traveled the world for four straight years. Travel can be wondrous. Filled with new tastes,

I RECENTLY READ AN article in Barron’s that inadvertently revealed two more reasons investing in broad-based index funds is the only sensible course of action.
The article, titled “This ‘Crazy’ Retirement Portfolio Has Just Beaten Wall Street for 50 Years,” touted the “All Asset No Authority” (AANA) portfolio. This “simple portfolio” consists of splitting your money equally among U.S. large-company stocks (S&P 500), U.S. small-company stocks (Russell 2000), developed international stocks (MSCI’s Europe,

“I WOULD SAY TO the House, as I said to those who have joined this government: I have nothing to offer but blood, toil, tears and sweat. We have before us an ordeal of the most grievous kind. We have before us many, many long months of struggle and of suffering…. You ask, what is our aim? I can answer in one word: victory. Victory at all costs—victory in spite of all terror—victory, however long and hard the road may be,

KIPLINGER’S HAS TOUTED using dividends to “Fund 20 Years of Retirement,” Forbes insists they’re useful “For Sleeping Well At Night During Turbulent Times,” and Seeking Alpha declares “I’m Living The Retirement Dream, Paid With Big Dividends.”
Morningstar has an entire monthly newsletter devoted to the subject of dividends. I even vaguely recall HumbleDollar praising the virtues of dividend-paying stocks.
Investing in such stocks is perhaps the oldest investing meme in the world,