Where the Money Is: January 28

Does the national debt affect the stock market, and could Bitcoin go to $100,000? Here are the answers to five questions sent in by Where the Money Is listeners.

Jan 28, 2014 at 8:01PM

In today's edition of Where the Money Is, Motley Fool financial analysts Matt Koppenheffer and David Hanson answer five questions sent in from Fool listeners.

They discuss their thoughts on Wells Fargo and its long-term prospects, take a look at U.S. debt and how it impacts the stock market and individual investors, look into savings account interest rates and how to think about yield vs. the need for liquidity as an investor, investigate the curious case of one deeply troubled Irish bank and its enormous market capitalization, and answer the question: What has a better chance of getting to $100,000 first, one Bitcoin or $1,000 worth of scratch-off lottery tickets?

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David Hanson owns shares of American International Group. Matt Koppenheffer owns shares of American International Group and Citigroup. The Motley Fool recommends American International Group and Wells Fargo. The Motley Fool owns shares of American International Group, Citigroup, and Wells Fargo and has the following options: long January 2016 $30 calls on American International Group. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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