Leave Forecasting to the Weatherman

“Prediction is very difficult, especially if it’s about the future.” –Nils Bohr “Weather forecast for tonight: dark.” –George Carlin As we saw in “Do You REALLY Know How You Would React if the Stock Market Dropped by 20 Percent,” the personal finance industry loves their risk tolerance questionnaires. They think that you’re going to be […]

Making Money in Your Investments Doesn’t Make You a Great Investor

“The one thing that unites all human beings, regardless of age, gender, religion, economic status, or ethnic background, is that, deep down inside, we all believe that we are above-average drivers.” –Dave Barry Do you think that you’re a good driver? You probably do. Why do you think that? You’ve probably only been in a […]

Peak to Peak Investing, or I’m Afraid I’m Investing at the Top!

“Running away will never make you free.” –Kenny Loggins “If you hold a cat by the tail you learn things you cannot learn any other way.” –Mark Twain Very recently, the S&P 500 surpassed a new high. Of course, in between the time this article is published and you read it, there may be a […]

When Deciding How Much of Your Salary to Set Aside for Investing, Think Big

“Big Bucks! No Whammy!” –Countless Press Your Luck contestants If you work for a company that provides a 401k program, then you’re familiar with the session where they teach you about the 401k, tell you about investment choices, and then have you fill out a form to say how much you’re going to contribute to […]

Does Unemployment Affect Your Investing Decisions?

“The singer-songwriter has always played music that was stylistically rooted in the ’30s and the Great Depression and the Dust Bowl. But the fact of the matter is that none of us remember the Depression firsthand.” –Steve Earle My grandparents grew up in the Great Depression. Both of them lived in agricultural areas that weren’t […]

In 2013, Were You Better Off Hiring Someone to Manage Your Money for You?

“History repeats itself, first as tragedy, second as farce.” –Karl Marx Look up the phrase “this time it’s different” on Google, and you can find a panoply of situations where the headline writer has pounded his keyboard, imprecating that the situation about which he writes is truly different. Just in the first two pages of […]