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Jon Stein
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Blog Entries by Jon Stein

Stop. Do You Really Need That Baking Pan? How Wedding Waste Ends Romance

(11) Comments | Posted September 17, 2012 | 7:09 PM

According to TheKnot.com, the average couple getting married this year will register for 151 items, with baking goods and other kitchen and cooking supplies leading the list of most requested items. Who needs this many items... and who has time to bake?!

It's likely this same couple already...

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Twilight for Stock Pickers?

(2) Comments | Posted August 16, 2012 | 1:31 PM

An obituary of sorts for day trading and stock picking was published last week, though few noticed it. It came courtesy of Groupon, which offered up, not the usual discounts for manicures, restaurants or skydiving classes, but a jaw dropping deal on a four-day class given by Chicago's...

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What Jonah Lehrer Has in Common with the Financial Services Sector

(0) Comments | Posted August 2, 2012 | 12:34 PM

What on earth was Jonah Lehrer thinking?

As you probably now know, Lehrer, the acclaimed author of Proust Was a Neuroscientist and How We Decide, was outed earlier this week by Tablet Magazine for fabricating quotes by Bob Dylan for use in his most recent bestseller, Imagine: How Creativity...

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An Approach to Retirement That's Not So Ridiculous

(4) Comments | Posted August 1, 2012 | 6:36 PM

For the unawares, the Baby Boom generation is on the verge of retiring with nowhere near enough in the way of assets to see them through their old-age.

Two recently published articles make this point all too well. The first was written by New America Foundation senior research fellow...

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Is Honesty a New Paradigm in Banking?

(1) Comments | Posted July 20, 2012 | 5:11 PM

"Honesty" and "banking" are rarely mentioned in the same breath these days, but here's a reason companies should act in their customers' best interests: if they don't, it's likely their former employees will tell on them.

This month's exhibit A is JPMorgan Chase, which found itself excoriated in the...

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Investing Costs That Will Devour Your Returns (And How to Avoid Them)

(1) Comments | Posted June 28, 2012 | 12:53 PM

What's a reasonable fee to pay for investing your own money? The answer: Much less than what you're probably paying for your 401(k) -- and the worst bit is you might not even realize it.

According to a report from New York-based think tank Demos, 401(k) fees can...

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Disrupting the Dinosaurs

(3) Comments | Posted March 17, 2012 | 7:30 PM

Some problems are so big that no one wants to take them on. Fixing Social Security. Getting privacy settings right for your Facebook timeline. Gaining top position of your Foursquare leaderboard. #firstworldproblems, I know.

Sometimes, tackling big problems doesn't even lead to improvement. Look at the mess SOPA and PIPA...

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It's Halftime in the Retirement Game: Playing to Win

(1) Comments | Posted February 15, 2012 | 4:42 PM

The sentiment of Chrysler's Super Bowl Halftime ad is spot on: times have been hard, and it's time for Americans to make a comeback and turn things around.

Americans need a healthy dose of motivation, especially when it comes to saving for retirement.

If we evaluate...

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OWS: Where the Rubber Meets the Road

(0) Comments | Posted October 28, 2011 | 9:30 AM

Confession: I used to work for a big-not-so-popular-bank. These days, I need to be careful who I admit that to. But, I'm not ashamed of it. In fact, it was my experience at big banks that motivated me to create meaningful financial services products.

As the founder of a technology-based...

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The Investment Cost Of Being Human

(2) Comments | Posted September 1, 2011 | 4:15 PM

While the stock market swings like a trapeze artist -- "for my next death defying trick, I'll plunge from even greater heights..." -- many investors are busy locking in losses, selling low after having bought high. This kind of self-defeating behavior is what behavioral economist Dan Ariely would call "predictable...

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