Most people have probably thought that Congress doesn’t care about what you think but this video below puts some data and analysis to that very suggestion. Professors Martin Gilens of Princeton University and Benjamin Page of Northwestern University looked at more than 20 years of data to tackle this question. Their study took data from nearly 2,000 public-opinion surveys and compared what … Read More
Client Bill of Rights
I was reading an article recently which was focused on what would constitute a Client Bill of Rights. A Client Bill of Rights simply put is what are the expectations that a client has of his/her advisor. So in talking with a few of my clients I came up with the following of what I seek to provide in order … Read More
IRS provides details into Suspicious e-Mails and Identity Theft
The information below comes directly from the IRA and was recently posted on the IRS website. The Internal Revenue Service has issued several recent consumer warnings on the fraudulent use of the IRS name or logo by scamsters trying to gain access to consumers’ financial information in order to steal their identity and assets. When identity theft takes place over the … Read More
The Millionaire Next Door
According to research by Thomas Corley author of “Rich Habits: The Daily Success Habits of Wealthy Individuals,” and “Rich Kids: How To Raise Our Kids To Be Happy And Successful In Life.” it takes the average self-made millionaire 38 years for 52% and 42 years for 21% to mint their first million dollars. Only a handful, 4%, became wealthy in less than 27 years. … Read More
Loss Aversion and What It Really Means to an Investor
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
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
Five Market Wizard Lessons by Jack Schwager
Jack Schwager author of the original Market Wizard books which we featured in this post [A Summary of Market Wizards], is out with his new book Hedge Fund Market Wizards. Below is a summary of 5 lessons from his work. From Jack Schwager: “Five Market Wizard Lessons” Hedge Fund Market Wizards is ultimately a search for insights to be drawn from the most successful … Read More
A Summary of Market Wizards
I had an earlier post Curated Interview with Paul Tudor Jones from Curated Alpha. In the post, the author had referenced the book Market Wizards: Interviews with Top Traders by Jack D. Schwager. At the end of his book, Mr. Schwager put together a summary of those traits that he thought the most successful market mavens had in common. I touched on this … Read More
