Valid Holographic Wills Add Spice To Estate Planning

The general rule in all fifty states is that, in order for a Last Will and Testament to be legally valid, the will must be signed by at least two witnesses. Although I recommend that all readers consult an attorney that can make sure that wills and other legal instruments follow the proper procedures, the fascinating storylines and questions tend to occur when people take matters into their own hands and exercise their freedom to ignore convention protocols.

One example is holographic wills, which refer to a will that you handwrite you a sign. It is one of only three exceptions to the standard requirement that you must obtain two witness signatures on the document (the purpose of witnesses is to verify that the testator actually signed the will, and this requirement can be sidestepped when the testator handwrites the will himself because a handwriting expert could determine authenticity in Read the rest of this article!

Should You Feel Guilty About A Big Inheritance?

I’ve been recently having a conversation with a reader in his 30s who just inherited $650,000 from his parents who recently passed away. By his own admission, he’s lived paycheck to paycheck his whole life (sometimes out of necessity, and sometimes out of lifestyle inflation) and so the prospect of having a nice bit of walking around money is new to him.

Our conversation covered the bases you’d expect—the wisdom of paying down student loan debt at a 3-4% rate, the prospect of buying a home in cash, investing at market highs, etc. Probably nothing new to the readers here.

But my conversation with him also had an additional moral element: he felt guilty about unearned wealth. He didn’t have $650,000 coming his way because he saved it up, made intelligent investments, or even collect a lottery winning. It was all the result of someone else’s efforts, and he wasn’t … Read the rest of this article!

Dividend Investing Vs. Value Investing

There is no topic that seems to draw as many internal contradictions as the discussion of money. This is true if you have a biblical worldview—you have to reconcile assertions that money is the root of evil with an imperative to leave an inheritance for your grandchildren’s grandchildren. You have Jesus Christ Himself telling you that it is easier for a camel to get through the eye of a needle than for a rich man to get in heaven, and then telling you the Parable of the Talents that rewards productivity and virtue over short-term thinking.

This is also true if you have a more secular worldview—how many parents have you heard say “money doesn’t matter—I only want my kids to be happy” –yet if they got to choose the person their sons and daughters married, which suitor do you think they would prefer between company vice president or aspiring … Read the rest of this article!

The Blue-Chip Stocks People Ignore

Here’s some Rodney Dangerfield footage to get the mailbag questions started, because I’m going to be talking about the companies that don’t get no respect.

From reader Klaas:

“Hello Tim,

I admire your articles and investing philosophy quite a bit!

My question/comment is in regards to the stocks on your Master List of Stocks that I have never heard you talk about.  I would love to hear your comments on the un-mentioned stocks on your list.

Best of luck to you!”


There are usually three main reasons that explain why a company may be perfectly excellent—something I would want to hold for my entire life, but nevertheless, doesn’t get a whole lot of attention of this site.

My seeming neglect is usually due to one of three reasons:

(1)   The company on the “Master Stock List” is substantially overvalued

(2)   The company contains some kind of irregularity that … Read the rest of this article!

Your Dividend Investments Never Stop Working

I’m currently waiting at a Panera Bread for someone, and until she gets here, I have a moment to dash out a quick thought, so I’ll proceed in the Shakespearean vein that brevity is the soul of wit.

First off, Happy Thanksgiving. Hopefully, most of you are enjoying your day off. And if you are working, hats off to you as well—I think Henry Ford once said his secret to success was being able to work when no one else was.

Now, let’s take a moment to reflect upon the whole passive income from dividend investments thing. Statistically speaking, most Americans live paycheck to paycheck. For all intents and purposes, it means the following: if you do not work, no money comes in. Barring some kind of special work compensation arrangement, if you don’t work today, you don’t get paid today.

But things get much more interesting once you get … Read the rest of this article!