Our family is thoroughly enjoying watching the Olympics especially with the strong showing by the United States teams. To watch all of these worldwide athletes perform at such high level is a thrill especially if you have ever attempted to play any of the sports that are competing this summer in … [Read more...] about Having the Discipline and Patience of Olympics athletes
Behavior Gap
Managing the 3 Major Financial Risks
To be successful at anything, one must be able to evaluate the risks that one will encounter. As the New York Jets entered the draft and explored off-season free agent additions this year, they are aware of the risk that they have with an unsigned and aging starting quarterback (QB). This Jet … [Read more...] about Managing the 3 Major Financial Risks
How we can help you as a behavioral financial advisor
I have worked as a financial advisor since 1996. But because the term financial advisor is widely used throughout the financial services industry including life insurance salespeople and stock brokers, most people who I talked to don't fully understand what I do for my clients. There are two … [Read more...] about How we can help you as a behavioral financial advisor
Investors and the Marshmallow Test
Have you heard of the marshmallow test given to small children? The test is used to determine children's patience and the overall impact that patience may have on their lives. How does that relate to us as investors? Quite a bit - it turns out. The marshmallow test, as it was later referred, … [Read more...] about Investors and the Marshmallow Test
Investor Behavior Gap
We have a hard time believing that our own actions could be the cause of our investment returns being less than they should be. I was investing my own 401 (k) assets while working at Chase Manhattan Bank in early 1991. The news of the day was the imminent attack by the U.S. on Iraq to free the … [Read more...] about Investor Behavior Gap
The Cost of Fear: Reduced Investment Returns
This is a guest post from Sheldon McFarland,VP, Portfolio Strategy and Research with our partner Loring Ward. He addresses why investor behavior is often at times at odds with their long term interests. What are you worrying about today? If you are an investor, you’ve had plenty of choices … [Read more...] about The Cost of Fear: Reduced Investment Returns