Really enjoyed this Vox article about the fallacy of willpower. So many applications. From a financial planning perspective items #1 and #2 in the “what we can learn from people who are good at self-control” section hit close to home – the former b/c we’ve found clients that make choices as opposed to being forced [...]
It’s time to don the professorial robe for another lesson in econ 101. Today we deal with something we all know and love – money. In both a literal and figurative sense here’s the CliffsNotes version of the three basic functions of money: https://www.cliffsnotes.com/study-guides/economics/money-and-banking/functions-of-money See a problem? For a currency to serve as money it [...]
Despite what Rick James thinks the most powerfully addictive human drug is dopamine. We're all affected by it. For many of us it's at the core of why we are our own worst enemies when it comes to investing.
Using data from Morningstar we’ve compiled a list of the twenty mutual funds receiving the largest net cash inflows in 2017: Vanguard Total Stock Market Index Vanguard 500 Index Vanguard Total International Stock Index Vanguard Developed Markets Index Vanguard Total Bond Market Index Vanguard Emerging Markets Stock Index Oakmark International Prudential Total Return Bond American [...]
Behavioral psychologists know humans are OK being ignorant – we just hate being deprived of information. Big Media uses this to drive clicks and ratings. Which of the following headlines will make you want to read more? Woman loses 10 lbs by making this small change to her daily routine. Woman loses 10 lbs by [...]
It was a great year for the S&P 500: S&P 500 – up 19% It was a great year for the FAANGs: Facebook - up 53% Amazon - up 56% Apple - up 46% Netflix - up 55% Google - up 35% With such eye-popping returns the FAANGs dominated the list of best-performing S&P 500 [...]
What's the benefit to individuals and society of giving and receiving holiday gifts? The heavyweights of economic thought duke it out for our enjoyment.
...the IRS wants you to know they may not be deductible after all.
Oh those cute TV commercials. They entertain while helping firms become household names. There's no better way to distract current and potential clients from the number of advisers with misconduct on their regulatory records. Should you really trust Ameriprise? Merrill Lynch? Read the full rankings here. Caveat Emptor!
Ostensibly written to explain economic events this article is one of the best you’ll ever read. Understanding what we tell ourselves and why is the first step down a path of better life decisions.