photos courtesy of Gary Morrison

Simple Formula For Investing Success

by Steve on November 23, 2015

The simplest formula for investment success is to follow the three “P’s”:

  • Perspective: markets go up and down and this too will pass (good or bad).
  • Persistence: long journeys require putting one foot in front of the other and sticking with it.
  • Patience: raising kids, planting gardens, learning a new skill and investing all require patience.

And the hardest of these is patience.

“Never cut a tree down in the wintertime. Never make a negative decision in the low time. Never make your most important decisions when you are in your worst moods. Wait. Be patient. The storm will pass. The spring will come.”

— Robert H. Schuller


The Future

by Steve on November 17, 2015

The title of this post was the title of an intriguing article that ran in a “New York Times Magazine” article over the weekend. The article opened with this line:

“Lots of people pretend they’ve got tomorrow figured out: tech gurus, politicians, C.E.O.s and (yes) journalists. But if we’re really honest with ourselves, the view ahead of us has never been murkier.”

We say “amen” to that.

And to the list of people who pretend they have the future figured out, we would add many investment advisers, mutual fund companies, Wall Street “experts”, television commentators and print media gurus.

Here is a basic fact that makes investors uncomfortable: THE FUTURE IS UNKNOWABLE. No matter how smart you think you are, no matter how much time and effort you put into reading the economic reports, no matter what degrees you hold, THE FUTURE IS UNKNOWABLE.

The sooner you accept this fact and plan your investments accordingly, the sooner you will have success.

No Longer Enough to Ask

November 10, 2015

Recently, a prospective client told me about a conversation he had with a representative from one of the largest discount brokerage firms (Fidelity, Schwab, TD Ameritrade, etc.). The client told me: “I inquired how he was compensated and he readily shared that he was paid by ABC based on three elements: 1) client survey results, […]

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10 Harsh Retirement Realities

October 22, 2015

If you’re getting close to retirement, there are some harsh financial realities you need to know about and have a plan to address: Down investment markets, especially early in your retirement Rising health care costs Inflation will eat away at your buying power Confusing Social Security options Navigating the multi-part health insurance program for retirees […]

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The Case of the Quick Retirement

October 20, 2015

Since it’s retirement readiness month, we’ve decided to start sharing some happy retirement planning stories. Our first short video case study is now posted to inspire happy possibilities. Visit this link or click on the image below to watch and please make comments. October 19 was also the start of “National Save for Retirement Week” […]

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Retirement: Trick or Treat?

October 13, 2015

I know this is a shameless play on the Halloween theme, but it just seems to fit. Here’s a question for you about how you envision your retirement. Which seems more likely to you: will your retirement be a trick or a treat? And by “trick” I mean will it be an unpleasant surprise? Here […]

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October is Retirement Readiness Month

October 6, 2015

The third week of October is officially National Save for Retirement Week so we un-officially expand this month to Retirement Readiness month. Thus, to start out the month, here are some not so fun facts about workers’ readiness to retire. Did you know that among working Americans: 2/3 report they have saved for retirement, but […]

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Are You More Like the Ant or the Grasshopper

September 29, 2015

In Aesop’s fable of the ant and the grasshopper, the grasshopper spends the summer enjoying the sun and being idle. The ant spends the summer getting ready for winter by storing food. We seem to have some of this story taking place in U.S. right now. The Conference Board’s  Consumer Confidence Index reached its second […]

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Are You A Long-Term Investor?

September 22, 2015

Most people would say “Yes” to this question, but are you really a long-term investor or just when it’s convenient? Here’s what I mean. Right now, commodities and natural resources are asset classes that have lost a quite a bit in the last year (-42% for commodities and -34% for natural resources), yet we continue […]

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Fall Is Time to Take Stock

September 15, 2015

Summer is past and the kids are back in school. That makes the Fall a good time to review your personal financial plans and make some decisions about what’s next for you, your family and your money. Here is what we suggest to our clients now: Check your money mindset. Are you positive and feeling […]

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