Two constant behavioral challenges that investors face are; Remembering loses much more than remembering gains The pain of missing out The technical term that we often refer to regarding these issues is called Loss Aversion. A typical investor suffers roughly two times more from a loss than they enjoy from again. In his piece Investing Like a Psychopath, Morgan House states, “We’re … Read More
What You Can Do to Get Your Best Return on Your College Education Investment
As startling as these college stats are below, it reminds me of a phrase that I often use with clients who plan to help put a child through college, “you can always get a loan for college but you can’t get a loan for retirement.” However, some people I believe potentially miss my point. There has to be a conversation … Read More
Do Not Overlook Digital Assets Within Your Estate Plan
When it comes to setting up an Estate Plan one often looked at items are digital assets. What constitutes a digital asset you may ask? Think about an iTunes, Facebook, or Twitter account, or a website with hundreds or even thousands of followers. These all constitute digital assets. As more and more of our lives become digital or even cloud-based, … Read More
The All-Weather Portfolio
One of the preeminent financial bloggers that I follow is Barry Ritholtz at The Big Picture. One of the big topics circling around the wealth management industry these days is the new book out by motivational speaker Tony Robbins. In his book, Robbins interviews some of the greatest investors in the world and comes up with what he calls an “all-weather portfolio” The … Read More
Year End Retirement & Wealth Planning Steps
At the end of the year, we strongly encourage people to make the most of their retirement savings options. A few simple and easy to do steps can go a long way in helping you defer unnecessary taxes for this calendar year while setting yourself up for success in the upcoming year. Focus on maximizing 401(k) Contributions – this year … Read More
Mr. Rogers’ Lessons For A New Generation
“When I was a boy and I would see scary things in the news, my mother would say to me, ‘Look for the helpers. You will always find people who are helping.’ To this day, especially in times of ‘disaster,’ I remember my mother’s words, and I am always comforted by realizing that there are still so many helpers–so many … Read More
Apple vs. Google vs. Facebook vs. Amazon
The big four in terms of technology giants Apple, Google, Facebook, and Amazon seem to be on a collision course with each other. At one point in time, their wares were virtually separate but now they clearly infringe upon each other turfs. When I see these four names, I can’t help but think of companies that may have been apart … Read More
How Not to Blow It With Financial Aid
For those soon to be college student parents out there, this is a very important post specifically for you. Compliments of Rachel Ensign of the WSJ, Ms. Engisn has put together this excellent piece regarding the ins and out of the financial aid process. If you currently have a junior level high school child this is especially important as there are … Read More
Can Your Preschooler Learn Anything From an iPad App?
I purchased a new iPad for my wife back in May for her birthday and mother’s day gift. Although it has come in handy for quick searches like most people have found it is hard to produce content. With ultrabooks coming into vogue, I feel like I can do so much more with my new Lenovo than I could ever … Read More
Bridgewater: How the Economic Machine Works A Template for Understanding What is Happening Now
Famed Bridgewater hedge fund manager Ray Dalio has a knack for taking the complex and breaking it down into a more understandable avenue. With so much going on in the economy right now, I thought that it would be a good idea to post a paper that Dalio had published back in October 2008 but was updated this past March. … Read More