We talk a lot around here about the people who hold themselves out as financial experts, and how they’re mostly full of bologna. And while we’re on the topic: Donald Trump! Why does anyone think of that dope as a paragon of financial acumen? The dude was born rich and still managed to go bankrupt.
We also dispense a fair bit of advice, or, at least, ponderous suggestions and strongly held opinions, even though none of us is, in any way, a certified expert in matters fiscal. Luckily, that doesn’t matter, because, as a new study reveals, professional mutual fund managers, who presumably would know a thing or two about managing their own money, are just as profligate, impetuous, and generally pound-foolish as the rest of us.
One of the researchers involved suggests that the main takeaway is “average investors might be better off managing their own stock portfolios rather than paying a high-fee mutual-fund managers, because beating the market is rare and very difficult.” That is surely true, but doesn’t go far enough. Average people, who mostly don’t invest in anything beyond groceries, rent, and used cars, should take great solace in knowing that even to the experts, money is basically inscrutable and advantageous decisions are elusive. So go ahead and lace up your fancy sneakers, put your iPhone in your pocket, and go buy a latte. There is a reason they call economics “the dismal science.” There is also probably a reason they call boxing “the sweet science,” but let’s not worry about that just now.
Photo by the author.
Okay, so now you know how to get a freelance gig—and you got the offer. Congratulations! The next thing you need to know is how to be the best damn freelancer ever, the person who aces the business parts of freelancing as well as the doing-the-work parts of freelancing.
your money could be waiting for you right now, like little orphan Annie in the window of Miss Hannigan’s singing the wistful song, “Maybe.”
Halloween, as much as Thanksgiving, is a holiday about generosity.
“Is this Heaven?” “No, it’s Iowa.” –Field of Dreams
We’ve mentioned it here before on the site, so we’re not too surprised, but Des Moines is getting a lot of love these days. According to the National Journal, only half-jokingly, we should all be moving to Iowa, or at least visiting and considering it:
It was a normal night at the Social Club when we visited. The art gallery was open, just next to Capes Kafe coffee shop and comic-book store; upstairs, nine people in a comic-book drawing class watched an eccentric, gray-haired instructor in skinny black jeans and thick-rimmed glasses draw a cartoon about a retired Elvis impersonator named “Sid.” Out on the purposely graffitied porch with rope-spool tables, dozens of members of the local Young Nonprofit Professionals Network chapter met to network, drink, and take professional head shots.
Looking out over the courtyard marked by an old telephone tower and murals, Brianne Sanchez and Danny Heggen, both 29, describe the chapter they founded in 2013 for monthly coffee meetings. It has turned into a group of more than 550 members that successfully draws millennials downtown to connect and help each other out. It’s a quintessentially Midwestern mix of selflessness in a deep pool of ambition and drive.
“We always joke that Des Moines is a big small town,” says Heggen, a project manager for a firm that transforms old art deco buildings into new apartments. “But really, Des Moines is a large living room. There’s this homey feel. What I most want is everybody around me to be successful. And I believe that everyone wants that for me, as well.”
Sometimes the Gray Lady does a good deed. I mean, she spends a lot of time preening, and baiting us with the travails of the city’s most obnoxious, narcissistic 22-year-old as he searches for a $3700-a-month apartment big enough to decorate like an Orientalist bordello, complete with a huge oil painting of himself. But sometimes she also manages to help an unfairly fired pregnant woman get her job back:
Ms. Valencia, who earned $8.70 an hour as a potato packer for Fierman in the Bronx, was told by her supervisors in August that she could not continue working unless her doctor gave her a full-duty medical clearance. (Ms. Valencia, who had a miscarriage last year, was told by her doctor that she should work only eight hours a day, no overtime.) Lawyers for Ms. Valencia said the company had violated New York City’s Pregnant Workers Fairness Act, which requires employers to make reasonable accommodations for pregnant workers. Her story was the subject of a Working Life column on Monday.
My god, what employers will try to get away with when they think nobody’s looking. Sadder still is that most of the time, nobody is looking. If you’re working while pregnant, know your rights.
Keep almonds by your computer. What if I don’t like almonds? Also, they’re expensive. STOP TELLING ME TO EAT ALMONDS, unless you feel like subsidizing my almonds, and/or dipping them in chocolate for me.
Everyone resents being used; donors want to be seen as people, not purses, and good petitioners will treat them that way. Good petitioners will likewise make sure they are seen as people and not merely black holes of need.
“Couples who make more than $125,000 a year (combined) cut their divorce risk in half.” So, yeah. You don’t have to be wealthy for San Francisco, just wealthy for Arkansas.