Top 10 Money Maxims with Modern Twists
There are thousands of classic quotes about money and investing that contain morsels of truth. The problem is applying these to modern life can be difficult. Here are my Top 10 money maxims along with…
What Is Behavioral Guidance? Why Is It Important?
I write a lot about behavioral guidance, but what does this mean? Why is it important? Simply put, behavioral economics studies how real people act in real situations. How you act and react to both…
The Crystal Ball Racket
The NYT recently ran an article titled Recession Chances Rise: Time for a Gut Check by columnist Jeff Sommer. The online edition carried a somewhat different title “Vanguard Warns of Worsening Odds for the Economy…
Every Day Brings a Reason to Hide
Investors can easily find reasons to get out of the market and hide every single day. From the moment you turn on your TV, look at your phone, or turn on your computer, there are…
11 Questions with Uncommon Answers
With few exceptions, the individuals that come to us seeking advice are stressed out. Some of this stress is owed to our general cultural taboo of talking about money issues. An even larger part, however,…
Are You Planning for an Average Retirement?
It has always intrigued me that successful individuals, who by bent of their education and accomplishments are anything but average, consider themselves average when planning for retirement. Our three decades of experience has shown us…
Is Regret Costing You a Secure Future?
Do you worry endlessly about choices you have made that might not work out as planned? Do you regret not doing something in the past that, with benefit of hindsight, would have been great? Welcome…
Is Risk Tolerance a Ruse?
Look up risk tolerance on Google and you will see more than 149,000,000 results. Most of the higher ranked listings are actually investment risk tolerance quizzes. These short quizzes provide the impression that risk tolerance…
How to Solve the “I” Problem
I can manage my financial life on my own. I don’t need help. I know what I’m doing. These are assumptions or “money scripts” we tell ourselves every day. In reality, the “stick pronoun” can…
Nice to Have? Or Must Have?
Most investors don’t really want financial advice, they just want to be heard. They want someone to hear about their aspirations, priorities, and fears. Sure, in my view, most individuals need advice, but that doesn’t…