We’ve all heard the saying, “Practice makes perfect”, before. It tends to be true whether you’re talking about public speaking, golf, playing the drums, or becoming a great cook. It’s been said that most successful individuals have failed more times than the novices have even tried. The recurring theme is to keep showing up and learning from… [Read More] Practice Makes Perfect
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Happy Stock Market Games, and may the odds be ever in your favor! If you took an investing class in high school or college, you likely played some variation of a stock market game. You know, that game where teams try to obtain the best investment returns over a semester, month, or set period of time.… [Read More] Stock Market Games Encourage Poor Behavior
Have you ever played a round of golf where you end the round saying, “If only I didn’t quadruple bogey the 2nd and 11th holes, I’d have shot my personal best!”. It’s uncanny how a couple of bad holes can negatively affect your overall score. Tracy Fiedler of Invesco recently blogged about how investors should… [Read More] Measure Investment Success Like a Golfer
I read an excellent post by Morgan Housel recently that discussed financial goals and financial systems. We all have goals. They might be physical (like losing some weight by summertime), academic (like a achieving a specific grade this semester), or financial (like saving a certain amount of money this year). Let’s get one thing straight, having… [Read More] Financial Goals or Financial Systems?
If that headline shocks you, you’re not alone. I read this statistic in a recent Wall Street Journal article today and was pretty surprised. The author also shared some reasons people aren’t investing: “21% said they weren’t investing because they don’t understand the market…53% of people who aren’t in the market now said they weren’t… [Read More] 52% of Americans are Not Investing
I read a post today on the CFA Institute’s website written by William C.G. Ortel. William asks the question, “Have you made a profit on your life?”. I think this is an interesting way to think about spending and saving habits. We all allow ourselves to get so consumed by things like earnings announcements, the… [Read More] Would You Be a Profitable Company?