Archive | Financial Advice

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No Investment Unicorns Here

Let me be blunt. Most individuals are looking for investment unicorns. Myths and hype, however, won’t solve chronic financial conditions. Investing truths will. It reminds me of Jack Nicholson’s line as Colonel Nathan Jessup in A Few Good Men, “You can’t handle the truth!” We’re in the life saving business. The truth is, most investors […]

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The Belief-Reactivity Hypothesis

The reason most Americans continue along a self destructive course towards financial disaster has nothing to do with investment returns. Yes, returns matter but they pale in comparison to what you believe, your internal operating system that determines how you actually save, (or even if you save), and invest. These beliefs ultimately impact the choices […]

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Stop It! You Don’t Know When Stocks Will Fall

The “prediction addiction” is alive and well. Everyone on the planet has an opinion about the stock market direction, but mostly these are manifestations of deeply rooted behavioral biases. All forms of media overflow with stories about investing at “the right time”. Total nonsensical garbage. The “ right time” is a myth. Never mind, investors […]

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Three Cures for Financial Sickness

“With confidence gained from more than a decade of fine tuning financial trade offs and priorities, Joe and Betty are well positioned to achieve their most important life goals”. Such might be a sentence from our review meeting notes for an established client that has demonstrated discipline and focus in their financial decision making process. […]

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The “Never Having to Say You’re Sorry” Investment Plan

Recall the line from Love Story “ Love means never having to say you’re sorry”? The line was so important that it was used at different times in the film by both of the lead characters. With the typical stock picking, market timing investment strategy used by Wall Street brokers, much of the time the […]

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Can You Unpack the Suitcase?

I am pleased to be among the 100 advisors named to the INVESTOPEDIA 100 Most Influential Advisors List. Investopedia is the world’s leading source of online financial content. The Top 100 list was compiled by their content science team based on the ability to engage audiences across multiple media channels. I have been selected for a […]

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Are You Trading One Risk for Another?

In a recent survey of over 18,000 individual investors conducted by Dimensional, (Dimensional 2017 Investor Feedback Survey), 31% of the respondents said their greatest fear was “experiencing a significant investment loss in a market downturn.” The largest group, 37%, said their greatest fear was “not having enough to live comfortably in retirement.” The juxtaposition of […]

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12 Financial Truths (Including Some You Won’t Like)

We live in a noisy world where wisdom is hard to discern. Here are a dozen financial truths honed from more than three decades of observation. The primary reason many investors end up with overly complex, inappropriate insurance/investment products boils down to two words…sales commissions. The “Pyramid of Temptation” that engulfs most financial services firms […]

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Why Is It So Hard to Talk About Money?

We live in a very stressful world, yet even with all our worries, money is still the number one stressor, (according to surveys by the American Psychological Association). Money outranks all other concerns such as the economy, work, family and health. The fact that money is so stressful translates directly into many people avoiding the […]

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Can You Handle Normal?

All of the excess daily noise notwithstanding, your ability to achieve financial goals boils down to two things: The first, can you accept normal market swings?; The second, can you stay invested in order to participate in long-term returns? Almost everyone says yes to these two questions without examining what “normal” really means. In the […]

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