jameschency

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Do Long-Term Investors Need Bonds?

A reader asks:<p><i>If the goal is long-term investing (let us say I will not look at this money for the next 15 years), then does it still make sense to</i> …

Investing

The Old Allure of New Money

Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, …

Cryptocurrency

Why Good Financial Behavior Isn’t Achievable Until You Believe That It Is

As almost all financial advisors have experienced, instilling behavior change in clients can be a tough task. Though we can easily see ways in which …

Financial Planning

The Top 100 Mental Models Needed To Succeed In Business

Charlie Munger refers to a “latticework of about 100 mental models” that he and Warren Buffett credit for their successful investing. Munger points …

Mental Models

We often go through each day without questioning our perception of the world.<p>We seldom stop to wonder whether the world we perceive matches the real …

Sunk Costs

No Value: A Shocking Fact with Staggering Ramifications

If you are relying on Wall Street to guide you through the investment maze, you should be aware of this shocking fact:<p>At the end of every year, …

Investing

Keep It Simple With Index Funds

Read full story for details.

Investing

Three Uncelebrated Edges

There are many edges for the modern money manager or financial advisor who is willing to unlearn the way things had been done in the olden days, the …

Investing

Comment on “It seemed like a good idea at the time” by amitdipsite

Brilliant.A reverse. I was the person who used protection for 9 years and then intentionally tried to conceive. After having joy of baby for two and …

Christianity

Why Can’t Fund Managers Admit Mistakes?

<i>“It infuriates me to be wrong, when I know I am right.” (Moliere)</i><p>In a previous job, I worked for an investment consultant who employed a psychologist …

Management

Great Things Take Time

Why Focusing on the Long Term is More Important Than EverPhoto: GoogleMapsLook at the photo above. See that road in the center that cuts through the …

Google Street View

10 Things You Don't Know about Yourself

You probably do not understand yourself as well as you think you do

Psychology

Investing and the Art of Cloning

My friend Ravi was home for lunch on weekend. After food, as we went out for a stroll, he told me a story of a famous motivational speaker.<p>At a huge …

Investing

The Future is Now

It has been almost two years since Tony and I formally embarked on a mission to educate and free teachers from expensive and inappropriate …

Retirement

ETFs and Smart Beta: From Invisible Hand to Invisible Octopus

Dave Nadig of ETF.com talks to Paul Kovarsky, CFA, about exchange-traded funds (ETFs), smart beta, their evolution, and the criticism they have …

Investing

When Doing Nothing Means Everything

Mullooly Asset Management - Fee-Only Fiduciary Investment Advisor Financial Planner in Wall, NJDiscolored surf, choppy water, a break in the wave …

Asset Management

The Benefits of Admitting When You Don’t Know

“I disagree with myself.” This is what a third-grade boy said in front of his math class during a discussion about even and odd numbers. He believed …

Self-improvement

My Mother's Gift

<i>My mother, Lucy Grasso, 1945</i><p>While I think of my mother numerous times throughout the day, this week, just days away from Mother’s Day, I got a little …

Empathy

Analysis: How poverty can drive down intelligence

The side effects of poverty are abundant and well documented. They include crime, chronic stress and a long list of health conditions. But you may …

Income Inequality

The costliest bias of all - The Evidence-Based Investor

Human beings are not cut out to be good investors. We just aren’t. We’re hard wired to do the wrong things at the wrong times. The secret is to be …

Critical Thinking

The Investment Miracle That Wasn’t

The story intended to shock and awe. In that, it surely succeeded; two days later, it led the paper's "most emailed" list.<p>Many, no doubt, read the …

Investing

Shortcuts

It is human nature to want to get a job done as quickly as possible. Like you cross the street between intersections instead of using the zebra …

Online

Best And Worst Rolling Index Returns 1973 - 2016

Updated December 27, 2017<p>The charts in this series show you stock market performance compared to other safer investments like bonds or treasury …

Stock Markets

"I Don’t Know" – The Most Important Phrase in Investing

<i>By Jack Forehand (@practicalquant) —</i><p>Certainty is often seen as a sign of strength in life. When someone is telling us the best course of action …

Investing

3 Things: The price of financial illiteracy

<b>The price of financial illiteracy is steep</b><p>In Magna Cum Lousy, Tony Isola laments that <b>we are failing our children by not educating them about personal</b> …

Personal Finance

Magna Cum Lousy

Imagine: you give a teenager access to car keys when they have never driven a car or taken Driver’s Education. You simply tell them to drive …

Personal Finance

The Unspoken Behavioural Biases that Influence Professional Fund Investors

Although increasingly aware of the concept of behavioural biases; we remain poor at accepting that they directly relate to our own decision making, …

What Happens When You Ask for Financial Advice in Public

There aren’t too many household names in the world of investing – but Warren Buffett is one of them. His annual shareholder letters are famous beyond …

Investing

Three Investing Lessons from My Mom

By<p>As an investment adviser, I seek to help clients protect and grow their wealth. My purpose is simple — to help people lead happier and more …

Investing

Life, Liberty, and the Pursuit of Meaningfulness

In the quest for life, liberty, and the pursuit of happiness, the latter has inspired a hotly-debated scene of gurus telling us how to be happy.<p>In …

Happiness