Learning from the Global Financial Crisis

Learning from the Global Financial Crisis About 15 years ago the markets began to recover from the most severe economic crisis since the Great Depression. The Global Financial Crisis resulted in many jobs lost, stock markets losing half their value, and the personal and psychological toll was significant. The GFC was the greatest test of…

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Uncertainty, Outcomes & Our Decisions

Uncertainty, Outcomes & Our Decisions The brain has a lot of gray matter but hates gray areas. As a planning machine, the brain needs information that is certain so it can figure out the best course of action. And when we don’t get certain information, we get agitated. Perhaps you have said, “I don’t care…

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You Don’t Invest To Get Rich

You Don’t Invest To Get Rich “You don’t invest to get rich. You invest to preserve and grow wealth.” – Aswath Damodaran How do you define wealth? How do you define being wealthy? If you don’t invest to “get rich”, then how are you supposed to become wealthy in the first place? Defining Wealth Enjoy…

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The Illusion of Investment Skill

The Illusion of Investment Skill Have you ever made an investment decision and used the immediate outcome to determine your own investment skill or lack of skill? Did you know that this is the WORST way to determine whether and investment decisions was good or bad? How Do We Judge Decisions? Well then, how do…

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Are We Due for a Change?

Are We Due for a Change? In January the stock market, despite years of high interest rates and recession concerns, hit a new all-time high. This was largely driven by strong corporate earnings, a robust job market, and improving consumer sentiment. Whenever the market is on a long winning streak or even hits new highs,…

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Succeeding at Self-Control

Succeeding at Self-Control Self-control is an important characteristic to develop that can help us in all aspects of our lives from biting our tongue, to passing on the sweet treat, to accomplishing our New Year’s resolutions. But it isn’t easy! In fact, it can be downright painful, especially when trying to control some urge. It’s…

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How Your 401(k) Is Like An Oven

How Your 401(k) Is Like An Oven Are you frustrated with your 401(k) account? Is Your 401(k) a Scam? Do you think that your 401(k) is a scam or just doesn’t work? Realize that perhaps it’s not the 401(k) account’s fault! It’s Like Baking A Cake Your 401(k) account is akin to an oven when…

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Achieving Success

Achieving Success As the year comes to an end, it’s a good time to reflect upon the year behind us. The good things, the bad things, and the success we achieved along the way. Sometimes we rely upon favorable circumstances to achieve success, but circumstances are often beyond our control. While our circumstances can make…

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What Is A Third Party Financial Custodian?

What Is A Third Party Financial Custodian? Have you ever heard of financial scams or folks like Bernie Madoff who bankrupt their Clients? How can you completely avoid this kind of disaster? Transparency Matters Learn about “What Is A Third Party Financial Custodian?” who will “custody” your assets in a transparent manner. You don’t want…

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Forecast Frenzy

Forecast Frenzy ‘Tis the season when financial institutions provide their forecasts for the coming year.  Several firms have already published their forecast. RBC and several other firms believe the S&P 500 will make new records in 2024. Whereas Wells Fargo and others have differing opinions. Wells Fargo’s forecast for 2024 said, “It’s really hard to…

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