Overconfidence in your investment skills can be especially bad for your wealth. The market is full of very smart people who devote their lives to researching a small sector or a company. When you trade individual stocks, you may be … Continue reading
(1) Costs are not important. Low costs are one of the strongest predictors of future performance. A fund that has loads and high costs must perform that much better to beat comparable index funds. (2) Index Funds are for average … Continue reading
(1) Keep Costs Low. Invest in index funds through mutual funds or exchange traded funds under .2% in assets. Vanguard is the leader in low cost investing. (2) Invest in index funds. Low cost, great diversity, no need to worry … Continue reading
Not a good approach. While the past may give us an idea of risks that are inherent in the various asset classes you have chosen, the future may be very different in terms of performance. An asset class that worked … Continue reading
There are so many experts on television, in media and newspapers who seem to know exactly what will happen next month, next year of over the next 20 years in the markets. No one knows what will happens. This is … Continue reading
Knew this would grab your attention. Who would not want to get rich quick and retire to a life of leisure and entertainment? The problem is that there is no way to get rich quick without taking on enormous risk. … Continue reading
One of the most important numbers investors use to evaluate funds is their annual performance. But few investors put all their money into their funds on January 1st every year. Also, the average investor jumps in and out of funds … Continue reading
It would be wonderful to get a check from your brokerage house every month that covers living expenses. This would be particularly nice if you did not have to touch the principal at all. There are investments that maximize your … Continue reading
Unfortunately, there are few ways to become a millionaire overnight. Winning the lottery and robbing the bank are a few that come to mind. For most of us, there is no substitute for a lifetime of savings and wise investing. … Continue reading
There are constant predictions on the news and in the newspapers about what the markets and all the asset classes will do in the future. Unfortunately, the majority of forecasts are not accurate. It has been shown multiple times in … Continue reading