“You can tell a good putt by the noise it makes” – Bobby Locke These behavior or decision moments lead to poor investment decisions: Recency – Investors tend to believe that recent facts or events are the most important, ignoring longer-term narratives or trends. Myopic – Related to recency, this is a focus on short-term … Read more
The new Tesla Roadster goes from zero to 60 mph in 1.9 seconds. Pretty amazing! But, as a financial advisor how do I get clients to go from zero to a million dollars invested in 25 years? It’s easy, just start today. If ever there were a time to go all in with your retirement … Read more
“If I would’ve cleared the trees and drove the green, it would have been a great shot” – Sam Snead When you’re young, you’ve got a lot of advantages. For one, you’ve got time on your side. You could be 30 years or more away from retirement, which means that any bumps in the road … Read more
People often ask me about the value of hiring a financial advisor. After all, they charge you money with the goal of making you MORE money. To many people, this means basing a decision to hire an advisor solely on whether or not they can deliver rates of return that beat the market. But good … Read more
Most of us spend too much time trying to outguess the market and not enough thinking about our long-term financial future. This tendency by investors is referred to as “inverse law of attention”. The less important something is to their long-term financial results, the more attention they pay to it. And the more important it … Read more
It takes hundreds of good golf shots to gain confidence, but only one bad one to lose it” – Jack Nicklaus An entire generation of investors has been misled about interest rates; where they come from, what they mean, how they’re determined. We’ve been getting lots of questions about bonds and the unrest with interest … Read more