Tag Archive for: Millenials & Young Professionals
Overcoming Bear Market Mindsets
The S&P 500 is down about 24% as of October 3, 2022, effectively creating a new low for the year and placing it well within a bear market by the traditional definition of 20%. The NASDAQ is down about 33%, and the DOW is down about 20%.
Any…
Ready for a Recession?
Instead of suggesting the likelihood (or unlikelihood) of a recession, I'd like to offer this: If we ultimately experience a recession, consumers are in a far better position to weather the economic downturn than they have been in decades.
The True Costs of Average Inflation
Inflation exists all around us and has only recently come to the forefront of the discussion for one simple reason: It’s not a few things getting expensive anymore; it’s everything. Or at least it feels that way.
Improving Investor Behavior – Your Personal Economy
On August 10, the U.S. Bureau of Labor Statistics (BLS) released updated inflation numbers. While the top line number of 8.5% is still large compared with this time a year ago, the markets and some media outlets latched onto another statistic…
The Line Between Improvement and Satisfaction
Imagine today is your last day on earth. Not a pleasant thought but stick with me on this. Looking back on your life, what will you have accomplished to make you proud, happy, and content?
Think about that for a second. The question is worded…
Improving Investor Behavior: The Strength of Endurance
My coach Dan Sullivan likes to say, "Amateurs practice until they get it right; professionals practice until they can't get it wrong." From athletics to engineering, medicine to money management, consistent practice is the secret sauce of…
Improving Investor Behavior: Mindsets During Volatile Times
If you're an investor (and I hope you are), it's probably time for a mental check-in. How are you today? How do you feel about everything going on in the world?
Closing the Wealth Gap Starts with a High School Financial Literacy Requirement
What lessons do you wish you could teach your younger self? I hear many answers from people, but the most prominent is finance. I contend that we need to make personal finance a required subject for those graduating high school.
Correcting the Word: Correction
The markets are off to a rough start for 2022, with the S&P 500 down about 13.9 percent from its peak in January, according to data from LPL Financial. Global turmoil, inflation, supply chain disruption, and the Federal Reserve are all…
The Gray Area of Good Investor Behavior
If you’re a frequent reader of this column, you know that I’m a large proponent of good investor behavior. Though I’ve spent a great number of column inches espousing the traits of investors I admire or those who have done well by adopting…
Improving Investor Behavior: The Peloton and Tiramisu
If you're like me, you exercise a lot. Maybe not every day, but you try to hit the gym most days. You sweat, you grunt, you grind it out, every session. Exercise does two things: it makes you hungry, and it gives you a sense of pride or accomplishment.…
The Flaw of Average Inflation
The flaw of averages is the idea that plans made based on average assumptions are wrong on average. As an example, think about the statistician that drowned while crossing a river that was, on average, three feet deep.
Understanding Your Stock Compensation Sure is “Something”
Have you ever ignored doing something you knew that you should do? What “something” immediately came to mind when I asked that question?
Its OK. We all do it. Maybe that something you're ignoring is uncomfortable to face, maybe it's boring,…
ABC (and D)’s of Equity Compensation
Congratulations! If you’re reading this article you’ve likely been offered some form of equity compensation. Perhaps as a new employee, business partner, or the like. While this compensation isn’t as straightforward as a simple number…
Improving Investor Behavior: A Mentality of Abundance, Not Excess
We've often said time is our most precious resource. More valuable than money, more fleeting than possessions, nothing can be done to stop the spending of our time. But like money and possessions, having too much time can be a bad thing.
I'm…