Jim Wang

Jim Wang

Jim Wang is a thirty-something father of three who is a frequent contributor to Forbes and Vanguard’s Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology – Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here’s my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you’re on track to retire when you want. It’s free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn’t want a second job, it’s diversified small investments in a few commercial properties and a farm in Illinois via AcreTrader.

Recent Articles by Jim

How to Win at Gambling

To win at gambling you have to first understand your objective. If you are just there to have fun you'll want to maximize the enjoyment even if the math doesn't support it. If you are there to win, look for inefficiencies in the system and and edge.

What Is the Stepped-Up Basis Loophole?

The step-up basis loophole says that when assets are inherited the heir receives the asset at market value. If they sell the asset they will only pay capital gains on any growth that took place after they took ownership.

Is Robinhood Safe?

Robinhood receives its fair share of negative news headlines from platform outages to making high-risk trading too accessible to inexperienced investors.
But Robinhood is regulated and complies with all security and investing standards. But critics feel it makes it too easy for beginners to make investing mistakes.

How Do Business Development Companies Work?

Business development companies are a Regulated Investment Company (similar to REITs) that must pay out 90% of net income. They offer high dividend yields (mostly ordinary) and can be a powerful cash flow investment.

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