Building wealth and life experience

From my own expe­ri­ence, earn­ing mon­ey is only part of the bat­tle. Not spend­ing what you earn, and turn­ing it into sus­tain­able wealth is the oth­er part. Possibly the hard­er part. In my book, I talk about my own jour­ney. Having earned a lot before I was 30, I had to learn “what next?”. Without being dri­ven by […]

3 Investing truths (that are ridiculously untrue)

I saw the fol­low­ing tweet and relat­ed to James’ sen­ti­ment: “It pays a good div­i­dend” might be the most com­mon, and least informed argu­ment for keep­ing any indi­vid­u­al stock. — James Osborne, CFP® (@BasonAsset) September 26, 2016 I love div­i­dends, but “pay­ing a good one” is an awful argu­ment for buy­ing or keep­ing an invest­ment. Other con­tenders […]

investing truths

Whose side are they on?

The ‘they’ I’m refer­ring to in the title is not your advi­sor, but rather the whole indus­try at large. We hear that mutu­al funds are bet­ter. Mutual funds help indi­vid­u­als to diver­si­fy. We hear that indi­vid­u­al investors shouldn’t be invest­ing in indi­vid­u­al stocks. The thing is, that may be true, in part. However… So many mutu­al funds […]

Whose side are they on

Brokerage windows are a checklist answer protecting an old-school business model

401(k)‘s are unkind to savers in many ways. After last week’s post on the top­ic, ‘It’s hard not to hate on 401(k)s’, I received a good ques­tion as fol­lowup: What do you think of a bro­ker­age win­dow in the 401k to allow invest­ments in indi­vid­u­al funds/stocks? A bro­ker­age win­dow is the abil­i­ty for a 401(k) hold­er to […]

It’s hard not to hate on 401(k)s

I always shake my head in dis­be­lief at peo­ple who don’t take the time to rollover their 401(k). I under­stand that invest­ing has a high bar­ri­er for peo­ple — both because of our fear of math & the “heav­i­ness” of to top­ic of mon­ey. It’s sim­ply irre­spon­si­ble* to leave your 401(k) in an employ­ee plan after leav­ing the com­pa­ny. When you […]

No thanks, I don’t need free money

File the title of this post under “things you’ll nev­er hear me say.” I’d sus­pect most of us wouldn’t ever say that… but appar­ent­ly one in four act it: On aver­age, employ­ees who fall short leave $1,336—or 2.4% of their salaries—on the table (Here’s a link to the full report) Since most of us wouldn’t turn away […]

Investing Suckers

What a great quote: “If you are too scared to look at your port­fo­lio, you are a suck­er in the invest­ing game.” Read this:$SPY $GLD — StockTwits (@StockTwits) February 10, 2016 Why are you too scared to look? You don’t want to see how much mon­ey you’ve lost? Maybe you’re look­ing at the wrong met­rics? Shouldn’t invest­ing […]

Horrifying retirement outlook

I’m always sur­prised when I hear about peo­ple cash­ing in their 401(k)‘s when switch­ing jobs. Or oth­ers who sim­ply don’t save for retire­ment… even those who are far from retire­ment. Surprise may­be isn’t the right word. It’s more like despair. I wor­ry about peo­ple who won’t be able to retire. But, I’m not sure I have […]

The 3 M’s of an investing strategy

Ensure that you stay motivated to invest

So many peo­ple focus on the tech­ni­cal­i­ties of invest­ing, that they for­get the human side of things. Returns are impor­tant. But for most peo­ple, the bar­ri­er is too high to get start­ed. The lin­go is off-putting. And the tra­di­tion­al approach to con­vinc­ing peo­ple to get start­ing is sim­ply wrong.

Human Centered Investing