Is 1% of $5M still just 1%?

March 10, 2017

The financial industry has managed to get away with incredible price discrimination by charging clients based on their assets, rather than based on the services provided. This practice needs to stop. Read more

SwitchPoint #2: The Behavior Gap

February 16, 2017

I just finished a new book by Michael Lewis, author of many bestsellers including The Blind Side and Moneyball. His new book, called The Undoing Project, is about the fathers of a relatively new field of study called behavioral economics. Read more

The Original SwitchPoint: Fees

January 19, 2017

The investment industry has done a phenomenal job of masking their fees – whether hiding them completely or trying to minimize them by stating them as a % of assets. Read more

How to Become (and Stay) Debt-Free

January 6, 2017

Does it seem like every time you pay off one loan, you find yourself saddled with some new debt? Or maybe you have student loans or a mortgage that seems like will never be paid off? You’re not alone. Read more

Another Wild Market Prediction

December 8, 2016

It seems the financial media’s favorite thing to do is make wild predictions. The more extreme the headline, the better. Today’s headline1 on Yahoo! Finance was particularly grabby:

“2016 marks the end of the great bond bull market” Read more

Sorting the Professionals from the Salesmen

December 2, 2016

Recently, I volunteered to be a guinea pig for my sister who is in dental hygiene school. When I arrived, I walked into a room with a couple dozen stations, all with aspiring hygienists in uniform, performing dental exams and cleaning teeth. Read more

Who’s in Control of Your Financial Future?

November 17, 2016

About a month ago I sat in a college classroom at a conference for alumni. The speaker was a well-renowned academic. Her topic:

“Household Financial Decision-Making: Mistakes People Make, Why, and Ways to Make Things Better.” Read more

Debunking Investment Myths: An Evidence-Based Approach

November 11, 2016

Over the last several weeks we have looked at four myths that keep investors from having a positive investment experience. Today, I outline a strategy based on decades of academic research, which I believe gives investors the best chance of reaching their goals. Read more

Investment Myth #4: Past Performance = Future Results

October 14, 2016

Despite the disclaimer on every advertisement for an investment product reminding customers that “past performance is no guarantee of future results,” most investors, and sadly many advisors use past performance as their primary criteria Read more