Author Archive | Larry Frank, Sr.

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How do you use APR to calculate loan costs?

Lately it seems that many people are receiving offers to refinance their mortgages. Should you refinance? What does that offer tell you about expenses? It does say something about expenses. Here’s how you may determine what they’re saying those expenses are.   Online there is a lot of discussion about the APR, but not a […]

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Natural_Disasters

Do Reverse Mortgages and Disasters Mix?

What happens to a reverse mortgage when disaster strikes? 2017 had a number of fires in the West and Hurricanes in the South. Other devastating natural disasters like tornados, floods and earthquakes happen too. Disasters don’t need to be widespread to affect your home – you could easily suffer loss on just your home without […]

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Male hiker exploring the Dolomites landscape

Do you really know who you WILL be?

It is human nature not to be very good at imagining our future selves. Scientists call this “temporal discounting” (temporal discounting on Wikipedia). Various experiments have shown that we either imagine our future selves to be healthier, richer, or more disciplined than we turn out to be, or we feel disconnected from our future selves, thinking […]

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You've heard of the "1 percenters" - what percenter are you?

You’ve heard of the “1 percenters” – what percenter are you?

You can get a sense of what “percenter” you are through a handy site that summarizes income or wealth (and other stuff too) called Shnugi. The numbers are based off of the results of the Survey of Consumer Finances by the Federal Reserve.   There are two measures that people often confuse being similar. Income and […]

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Businessman reading newspaper at coffee shop

Record highs (at anytime) means what exactly?

With stock indices continuing to set new highs, does this mean negative returns for stocks are on the horizon? If prices increasing over time was a troubling development, what would be the point of investing at all? You would think investors would realize there is no potential for future gain, and not invest. So why do […]

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StockSnap January UMIOY6CVUM

As Goes January, So Goes the Year?

As investors ring in the new year, some may see the occasional headline about the “January Indicator,” “January Barometer,” or “January Effect.” This theory suggests that the price movement of the S&P 500 during the month of January may signal whether that index will rise or fall during the remainder of the year. So every […]

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