Wednesday's Top News Headlines

Here are today's top news stories from

Apr 16, 2014 at 9:20AM

Here are today's top news headlines from Check back throughout the day as this list is updated, and follow us on Twitter at TMFBreaking.

Stock Market Today: Bank of America's $6 Billion Pain and PNC Financial's $1 Billion Success

Wednesday’s Top Health Care Stories: Zogenix, Endo, and Teva

U.S. Homebuilding up in March After Rough Winter

Bank of America Corp Reports Quarterly Loss Thanks to $6 Billion Legal Expense

U.S. Bancorp Reports Earnings of $0.73 per Share as Income Drops 2%

Why Cree Inc. Shares Lit Up This Morning

Fliers Might Gripe, but High Oil Prices Have Been Good for Big Airlines

3D Systems Corporation Makes Acquisition of Leading Latin American Firm Robtec

Why IBM and American Express Will Move the Dow Tomorrow

Housing Starts Up 2.8%, Missing Expectations

Industrial Production Up 0.7%

Why Zogenix Inc. Shares Rocketed Higher

Why Interactive Brokers Group, Inc. Popped Today

Why the Dow Jones Jumped Despite Weak Economic Data

Why Shares of Marten Transport, Ltd. Are Accelerating Today

Why ImmunoGen Inc. Shares Took Flight

Why Angola May Be the Next OPEC Darling

Move Over, Keurig Green Mountain: SodaStream Just Found Its Own Strategic Partner

U.S. Crude Oil Supplies Jump 2.6%

Is Bank of America About to Announce Another Multibillion-Dollar Settlement?

Toyota Shows Off New-Look Camry and Arizona Lets Tesla Bill Die

Here's Why Shares of Yahoo! and Zillow Are Moving Higher Today

Gap Outlines Growth Plans for China

Strong Results Fuel Dividend Growth at Kinder Morgan Inc

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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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