Investing is much like gardening. You've got to start with a vision, plant your seeds, and take care of them as they grow. Eventually, you'll harvest your crops. Simple enough. But there's always something to complicate such a simple plan. First, you have to know the soil and climate where you're planting. You have to decide which seeds will work best. Then you have to deal with weather and the ... Read More
Risk Tolerance
Secrets for a Richer Retirement – Controlling Your Emotions
"The safest way to double your money is to fold it over once and put it in your pocket." Kin Hubbard Investing takes time. As humans our brains are more wired toward the flight-or-flight survival responses that got us to the top of the food chain. So we are more prone to panic moves in one direction or another and this is not always in our best long-term interests. So to retire richer ... Read More
Most Common Investor Mistakes and How to Avoid Them: Mistake #1
Investing Mistake #1: Treating Investments Like a Part-Time Job and Not a Business. "When a man tells you that he got rich through hard work, ask him: Whose?" Don Marquis While you may be investing for a child's education, a vacation home or retirement, the common ingredient for success really is the process, approach and mindset you bring to making investing a success. Take it seriously and you ... Read More
The World Turned Upside Down: Reflections on the Meaning of Risk
It is said that when the British surrendered to the Colonial Army at Yorktown the band played a tune titled "The World Turned Upside Down." True or not, it is a fitting sound track to a seemingly improbable situation: The defeat of a well-trained army and navy of the most powerful empire in the world by an under-funded, out-numbered and ill-equipped army of colonials. It was as if the Sun, Earth ... Read More
Money Moves to Ring in the New Year
“Sometimes all it takes to change your life massively for the better is a small action and a small success, “ says David Bach, a noted author on money matters. Consolidate Your Accounts: Don’t wait for spring cleaning to roll around. Make it easier on yourself by combining old 401(k) or IRA balances from your various old jobs. This can help cut down on the amount of paper you receive and ... Read More
Navigating thru Volatile Times – A Road Map & Resource Guide
On Wednesday, March 11, I launched the inaugural event of my Financial Road Map Series teleconferences. I want to thank each of you who stopped by to listen in to my brief discussion on taking control of your financial future by controlling what you can. To recap the important points we discussed: 1.) Control What You Can: No sense in worrying about things that are beyond our individual ... Read More
