Investing

Another Reason To Skip Stock Picking

Today, Josh Brown gave individual investors another reason to skip stock picking and stick with boring, low-cost, and globally diversified investment portfolios. For $FB holders to make as $AMZN holders have made since the IPO, it would have to become a $36.5 trillion company!https://t.co/jGHP5n52Wv — Downtown Josh Brown (@ReformedBroker) March 30, 2017 Stock picking is no easy task, and individual…

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Investing

The Allure of Stock Picking

Whether it be acting on a hot stock tip, or the plan to profit off your favorite company’s success, the allure of stock picking is hard to deny. Despite overwhelming evidence suggesting that it’s an uphill battle for individual investors, we (myself included) cannot help ourselves. Sure, there will be the occasional short term success, but in the stock market,…

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Financial Planning, Investing, Millennials

Millennials: You Have to Become Millionaires

Earlier this week, an old Wall Street Journal article made its way across my Twitter feed; the title immediately caught my eye: Most Millennials Don’t See Becoming Millionaires, Study Finds. I’ve shared the article below, but if you don’t have a subscription to the Wall Street Journal, you won’t be able to read it because it’s hidden behind a paywall. Side…

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Financial Planning, Investing, Millennials

Home Country Bias and Your Portfolio

Academic research suggests the foundation for a long term investment strategy is a globally diversified portfolio; statistics show the average investor is holding a domestically diversified portfolio. If the evidence from academic research is so strong, what is the disconnect between the evidence and investor behavior? Most investors suffer from a bias towards investing domestically; in the industry, we call this…

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Investing

Dow 20,000

If I want to make it from a wannabe to a true financial blogger, it’s imperative that I have a Dow 20,000 post in my archives! There will be no shortage of coverage of today’s milestone…my hope is to put it into perspective for my readers. It’s the day CNBC, newspapers/magazines, and financial pundits have been waiting for since late…

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Economics, Investing

All-Time Market Highs: A Great Time for a Reminder

Exactly one month ago the fate of the United States was being decided, and initially the U.S. markets were pissed. The overnight futures signaled a bloodbath in the markets at the open; it was so negative, I did something I never do: I wrote a post in response to short term market activity. But then the unthinkable happened–the futures recovered, and the…

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Baby Boomers, Estate Planning, Financial Planning, Insurance, Investing, Millennials

Organizing Your Financial Plan

Once you have your financial plan, it’s important to make sure the components of the plan, i.e. insurance documents, investment accounts, estate planning documents, etc., are organized. Sure, you may know where everything is located, but does your spouse? If someone else had to locate the components of your plan, could they? How difficult would it be? I recommend keeping…

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