Mickey Kim: Investors should resolve to ‘KISS’ in 2022
Investors consistently hurt themselves with wrong-footed attempts to “time the market” and by chasing past performance, when they would be far better off to “keep it simple, stupid,” or KISS.
Investing Column
Articles
Kim: Zillow’s crash reveals danger of algorithms, ‘gamification’ of market
Algorithms are cheap, don’t eat much and never get sick. However, as Zillow can attest, they can also kill you.
Pete the Planner: If you’re dependable, you’ll be better with money
We all know certain people who, at their deepest core, are dependable. We trust these people, and we typically give them opportunities to help us accomplish what we need to accomplish.
Mickey Kim: MIT’s ‘Beer Game’ explains panic’s impact
COVID revealed the fragility of the global supply chain; when it’s broken, it’s all over the headlines. When you can’t get what you want, it’s all you think about.
Pete the Planner: Now is not the time to pull money from the stock market out of fear
Knowing when to get back in is significantly harder than knowing when to get out. This is why I choose to do nothing different.
Jalene Hahn: How to navigate Medicare open enrollment time
Medicare coverage is complicated. For many, reviewing current plan coverage and making a change brings uncertainty and confusion.
Pete the Planner: Should your home’s equity be included in your net worth?
There are at least four common uses for an annual net worth calculation. And depending on the purpose of your calculation, you might or might not decide you want to include your home equity.
Mickey Kim: Don’t be spooked by fears of another ‘taper tantrum’
As the calendar flips to October, investors will face various scary “ghosts and goblins,” including the collapse of one of China’s largest real estate developers (China Evergrande Group), the recurring brinksmanship over raising the debt ceiling to forestall a government default/shutdown, and the Federal Reserve’s removing pandemic-related emergency measures.
Pete the Planner: Many Americans are overly confident about their retirement—and that’s no joke
For instance, roughly seven of 10 pre-retirees plan to work for pay as a means for retirement, while in retirement. When in reality, the 2021 survey finds just over two in 10 retirees end up working for pay as a source of retirement income.
Jalene Hahn: Why you need to uncover your relationship to money
Identifying your money stories and messages is the first step to being able to change unhelpful thought patterns and move toward a healthier relationship with money.
Pete the Planner: Loosen purse strings for experiences, not stuff
Dear Pete, My husband and I realized we may have a weird little conundrum. We got into a zone in our early and mid-50s in which we lived frugally in order to secure a sustainable retirement. Now we’re retired, and we’re afraid we’re squandering some very active and healthy years due to the frugal habits […]
Mickey Kim: Will ‘disruptive innovation’ prophet’s flock need an ‘ARK’?
ARK Innovation was up a stunning 147.8% in 2020 (versus the S&P 500 total return of 18.4%), which led to Wood’s assets under management surging from less than $10 billion at the end of 2019 to almost $85 billion today.
Pete the Planner: Use the ‘lazy person’s budget’ to see what’s left for hobbies
Most of the guilt people feel about spending money on unnecessary things arises from knowing they aren’t making tomorrow easier.
Hahn: When is it time to retire? Well, that depends.
He reminded me that “retirement readiness” is more than having the money in the bank; it needs to take into consideration all aspects of your well-being—financial, social, emotional and physical.
Pete the Planner: Build an emergency plan for extreme situations
I never imagined commerce screeching to a halt, leaving millions of Americans paralyzed with fear and struggle.
Mickey Kim: Confusing speculating with investing is hazardous to your wealth
Speculators might or might not know anything about an asset but buy it on a hunch or because a celebrity is promoting it or because everybody else is buying it and it’s going up without me (“FOMO”).
Pete the Planner: Before your retire, think about what you’ll find fulfilling after work
Retirement has two primary elements, and they’re shockingly obvious at first glance. You must navigate the financial and the non-financial aspects of retirement.
HAHN: Consumers must learn to spot manipulative practices online
Bringing manipulative and harmful practices to light will help all of us protect ourselves.
Pete the Planner: How to teach teens the value of investing
I’ve come to learn that three areas need to be addressed when teaching teens how to handle money. They all feel intertwined, but they aren’t.
HAHN: How to prepare for financial Armageddon
Most instances of economic collapse are the result of war, corruption or gross economic mismanagement. Government action or inaction will dictate the severity of the shock.