Is a Negative Bond Yield Rational?

Unless you follow the global capital markets, you’re probably not aware that investors all over the world are currently receiving negative yields on their investments in bonds. In the United States, government agencies and corporations still have to pay a positive...

Is Oregon’s PERS Pension Plan a Black Hole?

Recently the Oregon Public Employees Retirement System (PERS) board voted to affirm the current 7.2% assumed rate of return on the fund’s investment earnings for the next two years (the 2021-2023 budget cycle). This assumption is extremely important to PERS, because...

What Should I Do With My Old 401(k) Account?

When you leave your job – be it by retiring, resigning or via a lay-off/termination – you generally have several options for what you can do with your 401(k) account. Depending on your account balance, you may be able to keep it with your old employer’s plan. If...

Talking Classic Cars in the Andes

I’m not sure how the topic surfaced, as we six trekkers sat with our guide on rickety aluminum camp stools and enjoyed a candle-lit dinner inside a heavy canvas tent. Somehow, Dave – the 71-year-old guy from Britain – got to talking about cars. We quickly...