Notes
INTRODUCTION
1. CPI Inflation Calculator, online tool, Bureau of Labor Statistics, US Department of Labor, https://www.bls.gov/data/inflation_calculator.htm.
2. “CPI: All Urban Consumers,” graph, Bureau of Labor Statistics, US Department of Labor, August 28, 2018, https://data.bls.gov/timeseries/CUUR0000SA0L1E?output_view=pct_12mths.
3. “The Rise of the Young Buyer,” The Wall Street Journal, http://online.wsj.com/article/SB10001424127887324879504578601711248140752.html
CHAPTER 1
1. Dan Culloton, “A Brief History of Indexing,” Morningstar, August 9, 2011, http://news.morningstar.com/articlenet/article.aspx?id=390749.
CHAPTER 2
1. FINRA, “Funds and Fees: Understanding Mutual Fund Fees,” FINRA, http://www.finra.org/investors/funds-and-fees.
2. Dr. Edward Yardeni, Joe Abbott, and Mali Quintana, “Market Briefing: S&P 500 Bull & Bear Markets & Corrections,” Yardeni Research Inc., August 24, 2018, https://www.yardeni.com/pub/sp500corrbear.pdf.
CHAPTER 4
1. IRS, “Individual Retirement Arrangements (IRAs),” https://www.irs.gov/retirement-plans/individual-retirement-arrangements-iras.
2. IRS, “Retirement Plans for Self-Employed People,” IRS.gov, https://www.irs.gov/retirement-plans/retirement-plans-for-self-employed-people.
3. Board of Governors of the Federal Reserve System, “2017 Federal Reserve Board Report on Economic Well-Being of US Households,” press release, May 19, 2017, https://www.federalreserve.gov/newsevents/pressreleases/other20170519a.htm.
4. Philip L. Cooley, Carl M. Hubbard, and Daniel T. Walz, “Sustainable Withdrawals Rates from Your Retirement Portfolio,” at http://afcpe.org/assets/pdf/vol1014.pdf.
CHAPTER 5
1. Real rate from 2015/16 school year.
2. Navient, Loan Repayment Calculator, https://navient.wealthmsi.com/loanrepay.php.
3. Nick Holeman, “Should You Invest, or Pay Off Debt?” Betterment, July 14, 2016, https://www.betterment.com/resources/invest-or-pay-off-debt/.
CHAPTER 6
1. US Securities and Exchange Commission, “Broker-Dealers: Why They Ask for Personal Information,” Fast Answers, US SEC, https://www.sec.gov/fast-answers/answersbd-persinfohtm.html.
2. FINRA, “What to Expect When You Open a Brokerage Account,” http://www.finra.org/investors/what-expect-when-you-open-brokerage-account.
3. Patricia Oey, “US Fund Fee Study: Average Fund Fees Paid by Investors Continued to Decline in 2016,” Morningstar, May 23, 2017, http://corporate1.morningstar.com/researchlibrary/article/810041/us-fund-fee-study--average-fund-fees-paid-by-investors-continued-to-decline-in-2016/.
CHAPTER 7
1. Mark King, “Investments: Orlando Is the Cat’s Whiskers of Stock Picking,” The Guardian, January 13, 2013, https://www.theguardian.com/money/2013/jan/13/investments-stock-picking.
CHAPTER 8
1. Robinhood, “How Robinhood Makes Money,” Robinhood.com, December 9, 2014, https://support.robinhood.com/hc/en-us/articles/202853769-How-Robinhood-Makes-Money.
CHAPTER 10
1. United Nations, “Sustainable Development Goals,” http://www.undp.org/content/undp/en/home/sustainable-development-goals.html.
CHAPTER 11
1. “Stock Market Crash of October 1929,” Social Welfare History Project, VCU Libraries, https://socialwelfare.library.vcu.edu/eras/great-depression/beginning-of-great-depression-stock-market-crash-of-october-1929/.
2. Gary Richardson and Federal Reserve Bank of Richmond, “Banking Panics of 1930–31: November 1930–August 1931,” Federal Reserve History, November 22, 2013, https://www.federalreservehistory.org/essays/banking_panics_1930_31.
3. Mark Hulbert, “25 Years to Bounce Back? Try 4½,” The New York Times, April 25, 2009, https://www.nytimes.com/2009/04/26/your-money/stocks-and-bonds/26stra.html.
4. Donald Bernhardt, Marshall Eckblad, and Federal Reserve Bank of Chicago, “Stock Market Crash of 1987,” Federal Reserve History, November 22, 2013, https://www.federalreservehistory.org/essays/stock_market_crash_of_1987.
5. NASDAQ Composite Index, graph, “Economic Research,” Federal Reserve Bank of St. Louis, https://fred.stlouisfed.org/series/NASDAQCOM/.
6. S&P 500 Composite Index, “Economic Research,” Federal Reserve Bank of St. Louis, https://fred.stlouisfed.org/series/SP500.
7. Fred Imbert, “Dow Pops 224 Points, Stocks Notch Record Close on Strong Earnings,” January 26, 2018, CNBC, https://www.cnbc.com/2018/01/26/us-stocks-gdp-economy-trump.html.