We’ve all had the experience of a bad meeting – one where you’re unable to connect in a meaningful way with your prospect.
Here’s a hot tip. Stay invested, through good times and bad. Just be sure you are in the right asset allocation (the division of your portfolio between stocks and bonds) for you.
As an advisor you counsel your clients to be aware of confirmation bias and to avoid the temptation to favor information that confirms pre-existing beliefs. Yet, many of you suffer from the same bias.
On its web site, Oppenheimer sets forth its purported goal of helping investors.
Jim Cramer’s Mad Money extolls the virtues of stock picking. Let’s take a look. One peer-reviewed study found Cramer’s stock picks underperformed the S&P 500 index from 2001-2016. His picks returned 64.5%. The S&P 500 index (including dividends) returned 126.1%.
I have to credit the securities industry. It has come up with really ingenious ways to separate investors from their money. Here’s the latest scheme: