Hello Everyone, I am writing today to inform you that this blog will be moving to Medium though the OfDollarsAndData.com domain will remain unchanged. As a result I will no longer be able to send you posts directly to your email or WordPress Reader. I decided to move to Medium for a cleaner user experience and I … Continue reading OfDollarsAndData is moving!
Despite the unemployment rate being at 4.8%, the stock market hitting record highs, and other positive economic indicators in recent weeks, I want to shine a light on those areas of the U.S. where the recovery hasn't been fully realized. This is an important point to be made because there is such a disconnect between life … Continue reading The Scars of the Great Recession: Visualizing the Crisis Across America
You read that right: The fees are too damn high and they have cost investors over $250 billion since the year 2000. I am talking about fees charged by actively managed mutual funds in comparison to their passive fund counterparts. To examine this, let's begin with the motivation for this inquiry. Over the weekend Warren Buffett … Continue reading The Fees Are Too Damn High: How Active Funds Have Cost Investors Over $250 Billion
This week I want to discuss what I believe will be the most important economic issue in the coming decades: income and wealth inequality. However, before I dive into this, I want to emphasize that inequality by itself is not necessarily a bad thing. In the U.S. most people support some level of inequality to reward … Continue reading Inequality and Justice For All: The Future of Economic Outcomes in the U.S.
In the 1987 film Wall Street, Bud Fox, a rising stock broker looking to win over the legendary financier Gordan Gekko, says: "Life comes down to a few moments. This is one of them." Little did he know how right he would be about not only personal success, but also investing success. This week's post uses U.S. … Continue reading 6 Months Are Responsible For All of the Gains in the U.S. Stock Market Since 2000
Before I show you the data for this week's post I want to talk about a myth I have seen in the personal finance industry that I used to agree with. The myth is that the poor are poor because they have bad money management skills and they don't spend their money wisely. The thinking goes that … Continue reading The Poverty Myth: What I Learned From How Americans Spend Their Money
Most of my posts on this blog are not political and usually cover personal finance/investing topics. However, I want to talk about something that has been widely debated recently. There have been a lot of stories going around the internet about what did and did not happen at the Bowling Green Massacre. Today I am … Continue reading The Bowling Green Massacre: The Data Behind A Tragedy
Every single day I see a question like this online: "I just saved up $1,000 and want to invest. Where should I invest my money?" Besides investing in yourself, there is one way in particular that has the greatest chance of making you the most money for the least amount of risk possible. The idea, as it is … Continue reading Where to Invest When You’re Investing
Don't follow your passion. Actually...it depends. If your passion is in an industry with a wide distribution of economic outcomes, then you might want to consider a different line of work. Let me explain. It seems obvious that certain occupations are less equally distributed in terms of financial outcomes than others. This is not a novel idea. Many people … Continue reading Don’t Follow Your Passion: Why Some Careers Are A Gamble
There has been a lot of talk lately in the media about bringing manufacturing jobs back to America. Regardless of the politics involved with this, both sides of the aisle tend to believe that we can revive employment in U.S. manufacturing. The problem is that the data tells a much different story. Before we dive into … Continue reading Why Manufacturing Jobs Aren’t Coming Back: One Chart Explains It All