Investing Lessons from a Poker Player

As expert poker player Annie Duke explains in her book, “Thinking in Bets,” one of the more common mistakes amateurs make is the tendency to equate the quality of a decision with the quality of its outcome. Poker players call this trait “resulting.” In my own book, “Investment Mistakes Even Smart Investors Make and How […]

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Topics: Advice, Investment Strategy

Integrating Investment, Tax and Legacy Strategies

The second half of life should be the time that you start to relax a little, when you can enjoy the realization of at least some of your dreams. But coordinating the financial complexities that multiply after age 55 can leave you feeling perplexed and anxious. How do you know what assets to use first? […]

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Topics: Advice, Investing, Investment Strategy

Don’t Exclude Emerging Markets

Thirty years ago, emerging markets made up only about 1% of world equity market capitalization and just 18% of global GDP. As such, the ability to invest in emerging markets was limited—the few funds available were high-cost, actively managed funds. Today the world looks very different. Emerging markets represent about 13% of global equity capitalization […]

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Topics: Advice, Investing, Investment Strategy, Market Insights

The Differences Between the Equity and Fixed Income Markets

The bond market is less transparent in pricing and trades less frequently than equity markets. Blerina Hysi explains how a trusted advisor can help navigate these market inefficiencies and prevent you from suffering excessive mark-ups. Video Link – https://vimeo.com/258876997 By clicking on any of the links above, you acknowledge that they are solely for your […]

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Topics: Advice, Investing, Investment Strategy

Yet More Investing Lessons from 2017

Every year, the markets offer lessons on the prudent investment strategy. So far, we’ve covered what they taught us last year in lessons one through three and four through seven. Today, we’ll finish off 2017’s list with lessons eight through 10. Lesson 8: Hedge funds are not investment vehicles, they are compensation schemes. This one has been appearing […]

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Topics: Advice, Investing, Investment Strategy

More Investing Lessons from 2017

Earlier this month, we began discussing what the markets taught us in 2017 about prudent investment strategies. We tackled lessons one through three then, so today we’ll resume with lessons four through seven. Lesson 4: Don’t make the mistake of recency. Last year’s winners are just as likely to be this year’s dogs. The historical evidence […]

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Topics: Advice, Investing, Investment Strategy

Investing Lessons from 2017

Every year, the markets provide us with lessons on the prudent investment strategy. Many times, markets offer investors remedial courses, covering lessons it taught in previous years. That’s why one of my favorite sayings is that there’s nothing new in investing—only investment history you don’t yet know. Last year supplied 10 important lessons. As you […]

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Topics: Advice, Investing, Investment Strategy

More Money Is Lost Waiting for Corrections Than in Them

We have data for 91 calendar years (or 1,092 months) of U.S. investment returns over the period 1927 through 2016. The average monthly return to the S&P 500 has been 0.95%, and the average quarterly return was 3.0%. With that background, here’s a short, four-question quiz: If we remove the returns from the best 91 […]

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Topics: Advice, Investing, Investment Strategy

Vanguard Debunks Dividend Myth

Dividend strategies have drawn increasing interest from investors around the world as central banks have pursued both quantitative and qualitative easy monetary policies, keeping interest rates at what have been exceptionally low levels since 2008. But this preference isn’t entirely new; it has long been known many investors have a preference for cash dividends. From […]

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Topics: Investment Strategy