When someone says “401k loan” every expert’s knee-jerk reaction is, “Bad idea.” But is it?
On today’s roundtable (with featured guest J. David Stein from the Money For The Rest of Us podcast), we debate 401k loans. The math is better than you might think in favor of borrowing “from yourself.”
Shannon McLay (Train Your Way To Financial Fitness) is back in the guest host chair, and we tackle Cyber Money shopping, people lying about being a millionaire AND indexing.
We’ve arrived home at 2 AM after our Thanksgiving trip. Better show notes will materialize around noon CT.
<> MagnifyMoney.com – Why are you holding on to that rotten checking account, savings account or credit card?
Turns out the millionaire we profiled a couple weeks ago really wasn’t (Yahoo! Finance)
For Cyber Monday Hotel Deals With an American Accent – (New York Times)
Just 28% of People Plan to Brave Crowds Black Friday – (NJBiz.com)
Our Guest Participant this week is J. David Stein – Check out his podcast: Money For The Rest of Us (iTunes or Stitcher)
<> The Best Stock Investment I Ever Made (CNNMoney)
The Gold Bug Psychology Must Be Neutered (Seeking Alpha)
Smart Beta and Tilting
Andrew Chanin & PureFunds have a new fund: HACK (cybersecurity ETF)
Retraction: You might not be able to use a payroll service in the manner we described two weeks ago
<> End Show/Movies