The financial media is filled with “pseudo-profound” nonsense. Your ability to reach your financial goals may depend on identifying and ignoring it.
Stock picking is more like gambling than investing
Everyone would like to invest in the next Apple or Microsoft! But stock picking is more like gambling for investors.
A New Definition of Advisors’ Value-Add
“Value” for most firms is no longer defined solely as investment management. Firms that recognize the changes in our industry and plan for them will survive and thrive.
If Only I Could Take A Set From Roger Federer
In sports, and in most other areas of human endeavor, amateurs don’t stand a chance against “pros.” Investing is different.
Avoid complex investments!
For many investors, owning a target date fund from a low-cost provider like Vanguard is the only investment you’ll ever need.
A Test For Your Broker
Tell your broker you’re interested in tracking or, optimally, beating the returns of a low management fee, S&P 500 index fund. Use Vanguard’s 500 Index Fund (Admiral Shares)(VFIAX) as an example.