Luck vs. Skill
No amount of skill can be applied to playing the lottery that will affect the outcome. It is, after all, random.
Nor should one “play” the market expecting to get lucky. Even skill has limited affect on short-term results. However, over the long-term it’s the hard work of research, analysis, and the skill of applying insight that may impact your success.
What To Ignore
They say half the battle is knowing what to ignore. They are right.
Of course, the other half is knowing what works.
Two Yo-Yos Are Better Than One
Think of investing risk (in broad terms) as two yo-yos — one for stocks, the other for bonds. The stock yo-yo has a much longer string than the bond yo-yo, so that when you fling it down it comes precariously close to scuffing the ground. The string on the bond yo-yo, however, is so short it barely reaches your knee on the downswing.
This video provides some information about anticipated cost-savings for our client’s using our Morningstar Managed strategies…
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What goes up…
The news headlines celebrating new record highs in the U.S. stock market have multiplied in last 10 months. While this upward momentum has been rewarding for many investors, the higher stock prices are accompanied by stretched valuations and risk of muted future returns — and even potential dramatic drawdowns. Let me explain…
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Elections, Surprises & Volatility
What a wild, wild world it’s been since the U.S. election. The U.S. stock markets have been on a tear, breaking all-time highs as the Dow closes in on 20,000.
Wondering how elections, surprises and volatility effect our investment approach?
Well, they don’t. Because crystal balls are best used as snow globes. Let me explain…
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U.S. voters wanted change. They got it. We will have Donald Trump as the next American president.
Global markets initially appeared to be taking the news badly. Since then, however, equity markets have pared their initial losses into record highs after the president-elect adopted a conciliatory tone in his victory speech and Obama and Clinton gave unifying transition and concession speeches, respectively. Read more →
Delay and Pay
Millennials don’t believe they’ll be able to save 1 million dollars.