This post was inspired by investors who tell me they use a newsletter to pick stocks, that diversification is for losers, and it’s easy to beat the market. Here’s a case study in what happens when you follow financial newsletters sent straight to your...
Years ago, a client sent me an e-mail. It simply stated: “Us down, the market up, why?” Why am I underperforming the ubiquitous “market”? I blame financial media. Fox. CNBC. MSNBC. Barron’s. Bloomberg. Money. Forbes. Dave Ramsey. Suze Orman. All of ‘em, for...
Is investing really all about timing? You wait for the right time: corrections, recessions, pull-backs, blow-ups, and inflection points. Then, BAM—you make hay, and get out. Do it again and again. That’s how investing works, right? Clichés like “time in...
<![CDATA[ “…But something that can never be learnt too thoroughly can never be said too often. With some people you only need to point to a remedy; others need to have it rammed into them…” “…Nothing hinders a cure so much as the frequent changes...
There would be this advantage in traveling in your own country, even in your own neighborhood, that you would be so thoroughly prepared to understand what you saw you would make fewer traveler’s mistakes. – Henry David Thoreau You think the...
<![CDATA[ We sell these things like hot cakes to people who want FDIC insurance, and no risk – Veteran Financial Advisor at Colorado Bank. You’re thinking…I wouldn’t fall for that…I’ve been with my advisor for 10+ years, and they...