On today’s holiday episode we’ll remember a great member of the investment community, T. Rowe Price. Cornelius Bond recently wrote a biography on the investing giant, and we’ll dive in on the man, the investment philosophy, and how he built one of the country’s biggest financial companies. First, in our headlines segment, do you know someone who’s graduating this spring? You may want to share today’s show with them, because we’ll cover what many employers think is the most annoying characteristic of new hires. Think the trait has something to do with slacking off or staring at their phones all the time? The real answer might surprise you. Plus, in our second headline, Uber just completed one of the worst IPOs of the past 25 years. We’ll cover the big lesson from that experience as well.

Later on, after some Memorial Day travel trivia from Doug, we’ll field a Haven Life Line question from Nick, who’s now ineligible to contribute to his Roth IRA due to the amount of money he earns. He’s starting to invest in his workplace 401k, but his employer doesn’t match. Is there something better he should be doing? Also, with two young kids in the house Nick has to start thinking about college. He doesn’t like the idea of putting college savings into a 529 plan, so what about an UGMA or UTMA account?

Finally, in our letters segment, Jessica has sold some stock in her Fidelity account. Can she use those gains to fund her Roth IRA?

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Show Notes:

MetPro

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Experian

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<6:20> Headlines

• Employers Say This Is The Most Annoying Characteristic Of New Grads (Yahoo Finance)
• Uber’s IPO was the 5th worst over the past quarter-century, by this measure (MarketWatch)

<20:00> Cornelius Bond

You can learn more about the book at Neil’s site: CorneliusBond.com

Want to get your hands on a copy of Neil’s book? Order through our Powell’s link and you’ll be supporting Stacking Benjamins AND an independent bookseller: T. Rowe Price: The Man, the Company, and the Investment Philosophy

You can order through Amazon by clicking below:

T. Rowe Price: The Man, The Company, and The Investment Philosophy

<42:39> Doug’s Trivia

• What is the number one domestic destination for Memorial Day travel?

<47:46> Haven Life Line

• Nick has maxed out his Roth IRA for the last several years. This is the first year he won’t be able to contribute because of income restrictions. He’s started to contribute to this 401k, but his company doesn’t match. Are there better options for him? Nick also has two young children. He doesn’t necessarily like how a 529 plan operates, what do we think of a UGMA (Uniform Gifts to Minors Act) account instead?

<58:26> Letter

• Jessica has sold some stock in her Fidelity account. Can she use the cash and gains from selling the stock to fund her Roth IRA?

Join us Wednesday!