Nicholas PihlMay 134 minAre HSAs good? What should I do with mine?First off, let me say, this isn't advice tailored to your individual situation. HSAs aren't a good fit for everybody, as I discuss at the...
Nicholas PihlMay 61 minMay "Book Club" RecommendationsI thought this conversation between Tim Ferris and Rick Rubin was really interesting. Rick Rubin is a record producer who has worked with...
Nicholas PihlMay 61 minApril "Book Club" RecommendationsMy recommendation this month is Peter Zeihan's book, The Accidental Superpower. His thesis is that America has a number of geographic and...
Nicholas PihlApr 253 minWhy Buffett is even smarter than I thoughtIt's funny how, the more I learn, the more I re-discover the same stuff that Buffett has been saying and doing for decades now. Writing...
Nicholas PihlApr 195 minNotes from the 2021 Berkshire Hathaway Letter to ShareholdersBerkshire Hathaway is a company that I and some of my clients own shares in. This article isn't a recommendation to buy or sell shares,...
Nicholas PihlApr 82 minWhat bonds are telling us about inflationThe big question on my mind these days is whether inflation is "transitory" or enduring. This matters because inflation tends to have a...
Nicholas PihlApr 17 minFor better stock investments, focus on these three principlesThe thing about equity investments (ie stocks), is that they aren't bonds. "Well, duh," you say, "obviously stocks and bonds are...
Nicholas PihlMar 249 minSearching for the next Amazon.com. Is it a bad idea?TLDR: Yeah. It is. Investors spend a lot of time speculating (read: daydreaming) about what it would be like to have bought Amazon stock...
Nicholas PihlMar 225 minWhat's the REAL reason I want a Tesla?One of my goals is to help people make financial decisions that increase their happiness and satisfaction in life. At times, this can...
Nicholas PihlMar 1110 minHow to invest $100 millionI don't ask this question to provide a "right answer" that will apply to everyone in the ultra-high-net-worth category. Instead, I hope...
Nicholas PihlMar 42 minMarch 2022 NewsletterI hope you are doing well and enjoying a little extra sunshine and longer daylight hours. This winter felt longer than usual to me, so I...
Nicholas PihlMar 47 minThe Inflation Effect on InvestingInflation has broad and profound effects on the economy, particularly in the worlds of business and investing. It puts added pressure on...
Nicholas PihlFeb 234 minInflation and Stock PerformanceThe relationship between inflation and stock market performance is not as straightforward as some pundits (and some advisors) have...
Nicholas PihlFeb 234 minShould I Invest My Cash Reserve?For any money you'll need within a year or less, I wouldn't recommend investing your cash reserve in anything riskier than very short...
Nicholas PihlFeb 145 minHow to stop struggling with your goals, start enjoying life, and still get everything doneThe problem with goals is when they crowd out everything else in your mind. From the outside, this looks like determination (which is a...
Nicholas PihlFeb 102 minManaging RiskMost people are familiar with the stock market, which consists of hundreds of publicly traded companies that are all on their own,...
Nicholas PihlFeb 41 minFebruary 2022 Book Club RecommendationMy book recommendation this month is a little unusual (although that may be true of almost all my recommendations so far). The Power of...
Nicholas PihlFeb 43 minThe real value of advice, and what some advisors (and their clients) get wrongThe main way I make money is by managing investments for a fee. This is controversial for some people. Mostly, the pushback sounds like,...
Nicholas PihlFeb 35 minHow to lose less money in a casino, and make more money in stocksThere are many examples of faulty reasoning when it comes to money, and gambling in particular. A particularly destructive notion is...
Nicholas PihlJan 213 minHow to invest when you are less than 10 years from retirementOver the long term, the S&P 500 has produced total returns of around 10% per year. At least when you measure results over a given 40 year...