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A recent article in The Boston Globe highlights the issues Bostonians are considering related to purchasing homes in affluent areas. The piece recites a financial-planning principle: “A bit of perspective: In many parts of the country, the rule of thumb is that housing costs should occupy a third of one’s income. Here, that standard frequently doesn’t apply.” Because of rising real estate prices and a desire to keep up with the Joneses, many Boston …
A recent post by our friends at the Motley Fool refers to story told by America’s most famous investor, Warren Buffett, where he explains that if someone had invested just $40 in Coca-Cola stock when it went public in 1919, it would now be worth more than $5 million. The Fool Team updated the math and concluded that factoring in recent performance and events, the 2014 total value of that $40 investment would be …