Dear Pete, I’ve started to look through some of my elderly father’s investments, and I’m finding myself in shock over some of the products he has been sold. Between high investment management fees, long surrender periods on annuities and inappropriate levels of risk, my head is spinning. What do I do? Do I file a […]
Financial self-defense is about increasing your financial literacy and confidence in making sound money decisions. It is also about knowing enough to ask questions and not take statements at face value.
Given the many inconveniences in our personal finances, it’s surprising there’s not more focus on how we respond to negative outcomes.
In a famous exchange from Ernest Hemingway’s “The Sun Also Rises,” one friend asks, “How did you go bankrupt?” To which the friend replies, “Two ways. Gradually and then suddenly.”
I think sometimes people forget that business relationships are still relationships.
A digital estate plan is important to maintaining access to treasured photos, stories, and communication for loved ones.
Even though I have set money aside along the way, my lifestyle, like that of many Americans in that same stage, continued to ratchet up.
Risk is the permanent loss of capital invested or loss of purchasing power from inflation.
And whether you care to acknowledge this or not, the order in which the ups and downs occur hasn’t previously mattered to you because you’ve been in the accumulation phase of your investing experience.
Before Kahneman and his colleagues, economic theory, and the practice of finance, consisted of investigating the reliability of the Efficient Market Hypothesis and the Capital Asset Pricing Model.
As the partisan storm increases in intensity over the coming months, you might be tempted to make changes to your portfolio because of how you believe a short-term event like an election will impact the financial markets. Don’t.
The allure of a hefty paycheck can be intoxicating. It’s easy to believe that more money equates to greater success or happiness. But the truth is, our perception of our own salary often shifts dramatically when compared with someone else’s.
When I think about the March Madness experience, I find parallels in investing.
Despite the nail-biting moments and hair-raising fluctuations, history has shown us that the stock market has a remarkable ability to weather the storm.
Bitcoin ETFs provide investors a pathway to participate in crypto without necessitating direct ownership of digital assets.
A couple of weeks ago, we came to the realization that we have three summers left as a family of four before our oldest heads to college. Oof.
The Roth 401(k) option is not widely used, but for the right situation can be extremely beneficial.
I’d be remiss in not mentioning how difficult it is to achieve a balanced and sustaining sense of purpose and fulfillment.
Outcome is the result, but it doesn’t tell you anything about how that result was achieved. Outcome is about the “right now.”
I often find myself thinking of a trusting client when they first receive the news they were duped. I feel their fear. I feel their shame. I feel their disgust. It makes my skin crawl.
