Ben Franklin is credited with saying, “A penny saved is a penny earned.”1 It was wise advice 250 years ago, and even more so today. Writing for Barron’s, Karen Hube observes that despite experiencing an era of historically high prosperity, most Americans struggle to save their money, protect it, and invest it for the long-term. “Even after… Continue reading It’s Not How Much You Make
Tag: Investing
Three Reasons to Own International Stocks
“Travel is fatal to prejudice, bigotry, and narrow-mindedness,” wrote Mark Twain in Innocents Abroad, “and many of our people need it sorely on these accounts.”1 You’ve probably met people who have rigidly held views on various nationalities or regions outside our country. They’ve never visited these places, but they can tell you for a fact everything… Continue reading Three Reasons to Own International Stocks
The Importance of First Having a Plan
F. Scott Fitzgerald, author of The Great Gatsby, wrote, “The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function.” 1 Others might label that process cognitive dissonance.2 But for the sake of argument, let’s stick with Fitzgerald’s assertion. Because according… Continue reading The Importance of First Having a Plan
The Active Manager’s High Wire Act
Karl Walenda was the undisputed king of the tightrope. As the Flying Walendas, he and his family performed their high wire act as featured stars of The Ringling Brothers and Barnum & Bailey Circus. And to the thrill of audiences everywhere, they performed without a net.1 It’s impossible to perform perfectly every day. The Wallendas came… Continue reading The Active Manager’s High Wire Act
Avoid the Added Risks of “Helicopter Investing”
Most people are familiar with the term “helicopter parenting.” Its use was first recorded in 1969 by Dr. Haim Ginott in his book Parents & Teenagers. When talking with teens, he heard them describe their parents as hovering over them like helicopters.1 It’s important for mothers and fathers to take active and nurturing roles in raising… Continue reading Avoid the Added Risks of “Helicopter Investing”
Study Shows That Costly Investment Biases Are More Prevalent In Selling
We are all biased in many ways. Sometimes it’s a good thing, like when we’re predisposed to give family and close friends the benefit of the doubt, sticking up for them when someone else mentions a shortcoming. Sometimes it’s bad, like when a certain brand of car cuts us off in traffic and because we’re… Continue reading Study Shows That Costly Investment Biases Are More Prevalent In Selling