You really need to say this a few times to understand the point. Investing in of itself really is simple. Here is a look at how simple it is: 1) Start as early as you can (time value of money) 2) Invest as much as you can (you can’t really over save can you?) 3) Invest in as many different investments that you can find...
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Believe it or not, we hear this more than ever from the people we speak with and the statistics seem to back this up. In 2000, about 11% of Americans worked into retirement. Today, it’s almost 20% and going higher according the the U.S. Bureau of Labor Statistics. Today, the US has the largest number of older workers ever. A 2015 Federal Reserve study found that 12% said they...
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A week does not go by without someone asking me what I think about gold. Let’s make something clear, I LOVE GOLD! Who doesn’t? However, these people are asking me what I think about gold as an investment. Well, I really don’t have an opinion. You see, the issue of whether or not gold is a good investment isn’t the real concern. It’s the percentage...
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I have often said investing money for people is the easy part. It’s dealing with investor’s emotions that makes this endeavor more challenging. Helping new investors uncover their biases and perceptions about money will help strengthen the relationships they have with advisors. A new study from Leon Morales at DNA Research backs up this point. A 46 question quiz helps identify each investor’s own personality types....
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Getting your spouse to be as excited about finances as you are may be a tall task. However, it is critically important that both parties get actively involved in the planning process. Here are a few tips you should consider when you are trying to convince your better half to be involved with your finances. Don’t pressure them: If at first you don’t succeed, instead...
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“Stocks are off to the worst start in 90 years & 70% of investors lost money in 2015.” Other than that everything is great. No seriously. I can’t see the relevancy of reporting information to the public like that. Other than to try to scare people or invoke them into some type of investment philosophy change, assuming they had one. I recently had a caller...
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There is a great deal of research around investor behavior. For example, our brains notice when a group provides an answer that is different from ours, the disparity is unpleasant. For many, aligning with the group is more rewarding for the brain than being independent and correct. Investing is not a game of perfect. It is a game of probabilities. As Ben Graham pointed out...
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