Why Bad Things Happen to Good Investments

Long-Term Investing Made Simple The one thing that an investor can count on is that things are going to change. All things, investments and investment styles, cycle up and down. We just don’t know exactly when cycles will change, but they will. Even buy and hold...

12 Steps Toward Economic Security

1. We are only powerless over the financial markets and the economy if we ignore them. 2. Believe it: People who are financially successful share certain traits. 3. Make a decision to be disciplined in your financial matters. 4. Do a personal financial inventory. 5....
Active Management vs Buy and Hope

Active Management vs Buy and Hope

Benefits of Active Management Active management keeps the math of losing from eating at your portfolio The reason the math of losing is so powerful is that if you begin with $1.00 and lose 50 percent (50 cents) you only have 50 cents left. To earn 50 cents on 50 cents...

Diversification: When More is Less

The idea that institutional investors are the biggest players in the market is nothing new, but a quote from the Wall Street Journal, recounted by Robert Folsom of Elliott Wave International really caught my eye. “Institutional investing is now largely the business of...

The Fatal Flaw in Most Financial Plans

The following is a letter I wrote to the Certified Financial Planners Board of Standards, the College For Financial Planning, and the Financial Planners Association in late 2002. Its message is as relevant today as it was then. To Whom This May Concern: I believe very...