Advisors Need a Heart

  Since Robo Advisors first burst onto the scene, there has been a swirling debate about the future of investment advice. Touted for their low cost and state-of-the-art algorithms that provide custom portfolios, Robo advisors offer more features than a Swiss Army knife. Their sponsors want us to believe that they represent the future. But do they? Robo Advisors...

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The 4 Rules are Alive and Well

In the soon-to-be-released Investing 3.0, What the Creators of Index Funds Discovered and How to Profit From It, I highlight 4 rules for beating the stock market. Simply stated they are: Know something before everyone else. Take action. When others react, they cause the market to move in the way you expect. The value you gain by being ahead of the market must exceed...

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The Value of Time

Hey, did you catch the recent study that’s been making its way around the popular press: “Buying time promotes happiness”? As perennially popular as happiness tends to be, the media jumped right on this one. Of course one study – even an academic one – isn’t “proof” according to scientific rigor. But this particular one seems about as far-reaching as a...

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What the markets will do next

How many new ways are there for the same old market forecasters to twist a timeless truth: None of us has any idea what the markets will do next. Consider the following quote from a recent Wall Street Journal article entitled, “Global Stocks Post Strongest First Half in Years, Worrying Investors.” “The question for stock investors is whether the strong first six...

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An Awakening

An article in Yahoo Finance on May 30 described the flow of $1.4 trillion into domestic equity index mutual funds and ETFs as a “secular change in investment management.” Because most of the money flowing into index funds came out of mutual funds using strategies developed in the 1930s, I believe this change reflects an awakening of investors who are at last...

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The Tip of the Iceberg

The Trump administration has announced plans to eliminate many government rules and regulations. Some of these may legitimately be overdue for revision or elimination. However, his plan to rescind the Department of Labor’s “Fiduciary Rule” has caught the attention of most of my clients and thousands of other investors.  One concerned organization, the American...

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And the band plays on…or does it?

Despite the growing controversies attributed to President Trump and his administration, the US stock market is near historic highs. This makes sense if you follow news channels that downplay the controversies, describing them as contrived by Trump’s adversaries. If you concentrate on business as usual, including reports of growing corporate earnings, increased...

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The Ultimate Reason Why

Why do we do what we do?  Why do we diet, make New Year’s resolutions, or take time out of our busy lives for an annual medical checkup?  Why do we make budgets or plans for our futures? Why do we seek advice from experts? These are things we do to get the most out of life – for as long as possible. While Ponce de Leon’s search for the Fountain of Youth was a...

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The Sky is Falling

If you listen to the media about the turmoil in and around Washington, D.C., you would think the sky is falling – if not yet, very soon. Yet, when we look at key indicators of stock market values, we see record setting highs. Because these market highs may seem to be at odds with the news, we are led to wonder if there is something else we need to consider. This...

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Less Filling / Tastes Great

  Do you remember the ads for Miller Lite (beer)? The ones where celebrities would debate “Less Filling” versus “Tastes Great”? Although that advertising campaign ended over 20 years ago, the chant “Less Filling” / “Tastes Great” still resonates today. These days I hear a similar chant, the only difference is that it isn’t about beer.  This chant...

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