I’ve written a number of books on investing, yet I have no idea what many of the credentials appearing after the names of some advisors mean. What credentials don’t mean Some credentials (more on that later) signify considerable technical expertise. However, I’ve known many registered investment advisors who don’t have any credentials (other than being […]
Three common misconceptions that really hurt your returns and jeopardize your retirement.
Don’t use any advisor who isn’t a “fiduciary.” All registered investment advisors are required by law to be fiduciaries. Brokers are not. Here’s an easy litmus test.
For most investors, it makes no sense to own individual stocks. Yet, the lure of picking the next big “winner, causes many investors to be easily seduced by the call from their broker. It’s an analyst scam.
At the end of every year, financial publications report on the consensus of Wall Street “experts”, who predict market returns for the next year. Sali Mehta analyzed the accuracy of these forecasts for a twenty-year period. The shocking fact? They have no value.
You’re probably not a very good investor, but don’t take my word for it. Here’s my personal list of six investments ranked from worst to best. Where are you on this hierarchy?