You can’t take a swim without getting wet. I recently finished reading Professor Scott Galloway’s, The Four. If a deep dive into Amazon, Apple, Facebook, and Google sounds intriguing to you, definitely check the book out. I’m actually going to relate a passage from The Four to the idiom shared above. Galloway says in The… [Read More] Embrace the Uncertainty
We believe that an investor's behavior can seriously impact their market returns. This category page is dedicated to informing our readers of certain behaviors that are known to damage investor's returns over time. We also discuss strategies to avoiding these damaging behaviors.
Last Friday, Netflix released the highly anticipated Stranger Things 2. In the show a group of middle schoolers start to investigate the disappearance of one of their friends, Will Byers. Their investigation leads to the discovery of some dark secrets. Most importantly, they discover another dimension exists in their town, which they call the “Upside… [Read More] Escaping the Financial “Upside Down”
During the American Revolutionary War, the British Army and the American colonists faced off in the Battle of Bunker Hill. After plenty of combat, the Americans retreated, so technically, the British army won the battle. However, they endured far more casualties than the Americans. Additionally, most historians agree that the experience fundamentally changed the British… [Read More] The Battle vs. The War
Thirty years ago on this day, the Dow Jones plunged by 22.6% in a single trading session. 508 points. As a young broker at the time, I was there and took panicking phone calls. But now, thirty years after the event, I’d like to share a few points: I’m still here. And so are you.… [Read More] 1987 and Perspectives About Your Investment Lifespan
A client wrote in and asked, “Do you think the market is due for a correction?” Here was my reply: Short answer: Are we due for a correction? Probably. Longer answer: Let’s start with defining the term “correction.” A correction is usually a 5-10% pull-back in the market. And, as I’ve written lots and lots… [Read More] Time for a Correction in the Market?
Reading up on how other people have invested their money has taught me many lessons. There are a few common themes to lifelong investing success that keep popping up. The importance of a holistic financial plan, diversifying your portfolio, keeping costs as low as possible etc… But the one aspect of investing that rings true… [Read More] Practicing Mental Skills