The television or radio nowadays is being bombarded with advertisements to “buy gold.” Firms selling gold now have a huge cash influx and are using it to attract more buying creative marketing. You will hear that it’s the “new gold rush” and get in now because “prices will continue to go to through the roof.”
Archives for August 2011
Who Wins with Market Timing?
08/22/2011 by
Market timing a concept that has been excepted for decades as a strategy for managing different investments held in ones portfolio or overall of estate. The idea is that […]
Stock Picking…Folly or Fact
08/22/2011 by
Stock picking, market timing and track record investing are techniques devised to outwit the stock market. Can the market be beat?
Traditional IRA…A Permanent Tax Lien
08/22/2011 by
If you were a farmer…and you have a choices: one is to pay tax on your seed in the spring, and receive a tax free harvest. The other option would be […]
Broker vs. Registered Investment Advisor
08/22/2011 by
Financial services industry has two predominant financial standards for representatives in dealings with clients and disclosure. One is a “suitability standard” which is the most common and requires the least […]
Portfolio Construction and Market Portfolio Theory
08/19/2011 by
Modern portfolio theory was brought to us by Henry Markowitz winner of the Nobel Prize in Economic, 1990 along with Merton Miller and Williams Sharp. Modern portfolio theory is the […]
Income For Life Retirement Planning
08/19/2011 by
Income planning is the area that is most requested by individuals that are seeking financial planning help today. As a financial professional I’ve observed this area has the least amount […]
30 Day Challenge for Wealth Management
08/19/2011 by
In my life I’ve been very fortunate to have had several mentors! The one that had the most impact was tough but gentle, an extremely successful businessman. On one occasion […]
Pension Maximization Strategy
08/19/2011 by
PMS, a strategy that can be employed by a pre retiree when activating a employer defined benefit plan, more commonly known as a pension. The concept: there are multiple pay […]
Are You a Market Timer?
08/19/2011 by
The avoidance of Market timing is by far the hardest aspect of investing. Market timing requires the most prudence, the most disciplined, the most long-term vision in order to not […]
Group vs Individual Long Term Care Insurance
08/19/2011 by
Long term care insurance planning, an area that many do not really want to talk about. There’s a certain inevitability that we often ponder when this subject comes to the […]
Market Volatility Leads to Big Investor Mistakes
08/17/2011 by
The month of July (and now August) must have been the worst nightmare for advisors who recommend market timing (otherwise known as tactical asset management) as the investment method of choice to their clients.
Market timers, of course, have to be right two times – they try to predict not only when to get out of the market, but also when to get back in. This is an impossible task during normal times, and doubly so last month.
Now what? Panic?
08/08/2011 by
Burton Malkiel had a great article in today’s WSJ. Malkiel is a highly regarded professor from Princeton and the author of the investing bible, A Random Walk Down Wall Street. Here’s a link to the article:
http://online.wsj.com/article/SB10001424053111903366504576492512709525754.html
The title really says it all….Don’t Panic About the Stock Market, Investors who resist the urge to get out during rough times like this will be glad they did.
Memo to Financial Advisors: Women Are Not Men!
08/08/2011 by
Supposedly, Freud once posed the question: What do Women Want?
It seems to me the Financial Industry is still trying to figure that out. (But then again, aren’t most men?)
Smart Money reports that over 70% of women feel underserved and dissatisfied with the financial-planning services they receive.
This crazy economy has handed advisors a golden opportunity to reach out to women…who know they need help and, according to the question I get most often, are desperately looking for advisors they can trust.
Here’s where I believe the financial industry has missed the boat. Advisors are talking to women just like they do men…because the financial world is based on the male model of communication. Big mistake.
Women are not men!
Einstein’s Insanity
08/02/2011 by
You’ve probably heard Einstein’s definition of insanity…doing the same thing over and over again and expecting different results.
Seems that the majority of sophisticated institutional investors as well as individual investors could be deemed insane by Einstein’s definition. Seems like most people are looking for the money manager with the “hot” hand. This usually ends up with very disappointing results. Yet, investors continue the same process over and over again.
Listen to this short video were Larry Swedroe discusses this phenomenon.
http://moneywatch.bnet.com:80/investing/video/why-good-fund-managers-get-poor-results/6250481/?tag=video-river;video-load-river
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