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
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
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
Investment Myth #3: Superior Skill = Better Performance
A keen intellect and extensive experience are valuable traits for an investment manager to possess. Unfortunately, they are not sufficient to allow them to produce market beating returns. This reality goes against our intuition Read more
Investment Myth #2: Timing Is Everything
We’ve all heard the saying, “Buy low, sell high.” Seems pretty straightforward, right? Actually, it’s not. In reality, constantly trading in an effort to time the market or pick stocks leads to higher transactions costs and taxes, and introduces unnecessary risks Read more
Investment Myth #1: Investing = Gambling
*This is the first in a series of posts that will debunk common investment myths. I will conclude the series by describing an investment strategy that I believe gives investors the best chance to reach their goals Read more
2 Simple Retirement Plans for Small Businesses
When it comes to saving for retirement, most everyone has heard of the 401(k) and the IRA. If you’re a small business owner, or if you plan to be at some point in the future, I want to bring your attention to two other retirement plans Read more
6 Keys to Success in Investing You Won’t Hear From Wall Street
As a financial advisor, I am often asked: “Where should I put my money right now?” The financial industry has trained us to treat our investment plan like we treat our fantasy football team Read more
3 Reasons You’re Ignoring Your Finances And What It’s Costing You
Is updating your will, getting life insurance, making a budget, or enrolling in your company’s 401k plan something you’ve been meaning to do, but keep putting off? Read more
Why I Started a Financial Planning Firm
Starting a financial planning firm from scratch wasn’t an easy decision. In the end, I felt compelled to try to fill a void in the marketplace and better serve my clients. Read more