Archive | Behavior

maximize

Personalize instead of Maximize

Much of the literature on financial planning and investing focuses on how to “maximize” return. Both advisors and clients become wrapped up in the comfortable cloak of chasing the always illusive “god of maximus”. It can become more than an exercise in futility; it can become destructive to sound, long-term planning. There is a better […]

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Try these on.

Are Your Perceptions (about Investing) Harming You Financially?

Our perceptions directly impact how we make decisions. When it comes to investments and other elements of financial life, however, these perceptions can actually harm our ability to accomplish goals. We perceive that the stock market is risky and fixed income is safe; We perceive that real estate only goes up in price; We perceive […]

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Buckets

Buckets are Better

For all the gyrations over complicated financial strategies and products, one of the best methods to accomplish goals is through the use of “buckets”. That is, organizing savings into tax-deferred (retirement plan accounts) and taxable (dollars invested after taxes) accounts in order to increase long-term flexibility. Sometimes this may mean opting to “personalize“ rather than […]

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Choose

This OR That

We make dozens of choices each and every day. We drive our car in one direction, instead of another. We shop at one store, instead of another. We attend one church, instead of another. All of these are mutually exclusive choices that don’t seem to provide us much difficulty. In the financial arena however we […]

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Town Crier

It’s Not News

“Life is actually far better than it is in the movies. And it takes longer.”  – Seth Godin (Author)   Recently, I was getting dressed and glanced at the “headlines” scrolling across the TV screen of a major financial news network. The script said “Dow up in 14 of past 20 sessions”. The inference, since […]

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