When I was five, I wandered into the ocean surf with my wallet in my bathing suit pocket. That Velcro wallet contained my life savings, two twenty-dollar bills. After tossing around in the waves with my father for some time, I slowly realized I had lost my wallet. I say “slowly realized” because as a five-year old I did not readily accept that my wallet was lost. I insisted on searching the ocean. I was going to find wallet. My father kindly played along. We searched for an eternity comprised of what was surely no more than ten minutes.
Hello world! I’m Scott Rosenbaum, a 35-year old, wine and spirits importer/distributor who lives in Jersey City. I am very unqualified to write about personal finance and investing, but here we are. I invite you to join me as I teach myself as much as I can fathom useful. The ideas I write about should not be misconstrued as advice, but rather food for thought for the thoughtful.
With any luck, my self-education can be of service to you as there should be something here for everyone. For those just starting to explore the world of personal finance and investing, I’ll do my best to introduce the concepts of behavioral economics (aka the science of decision-making), recommend books, and regale you with stories of purchasing life insurance and writing one’s will.1 If you’re a seasoned wealth management professional, I offer you the chance to see “how the other half lives.” How do retail investors think about asset allocation, diversification, risk and lot of it? Can I explain to my father what an inverted yield curve means for the general economy? Or better yet, his investments? Stay tuned to find out, as I don’t yet know what an inverted yield curve is.
So what can you expect from Education of An Investor?