If you consume enough news, you’ll eventually come across a common refrain: “some worry”. Innocuous enough, right? It’s not “all worry”. It’s not even “most worry”. It’s “some worry”. Oh, the indeterminate “some”. While seemingly inoffensive, “some worry”s are enough to subtly plant the seeds of doubt. Nestled between a headline and the corresponding worst…
Behavioral Finance
The Most Difficult Decision in Finance
As Casey recently alluded to on an episode of the Mullooly Asset Show, when it comes to investing, getting out is easy, it’s getting back in that’s the hard part. In fact, I’d go so far as to say it may be the most difficult decision in finance. Nobody wants to jump back in just…
A Newfound Appreciation for Risk
Given the lightning speed with which we’ve seen the market both decline and recover in 2020, there’s been every opportunity to feel the full spectrum of investing emotions. From despondency to euphoria, we’ve felt it all. Considering this, many investors may now be wondering if the market’s near round-trip is the perfect chance to realign…
Different Dollars, Different Time Horizons
We build and consume retirement savings gradually. We gradually trade our human capital for pay. We gradually invest a portion of that pay. And, in the future, we gradually use what we accumulate to support ourselves as our human capital dwindles. This is the life-cycle of the average retirement account, which is all intuitive when…
The Itch for Action
We’ve certainly endured a wild ride in stocks over the last month or so – enough to make even the most steadfast investors queasy. If the market hasn’t made you nervous yet this year, you either live under a rock or are lying. During dramatic sell-offs, like what we’ve experienced so far in 2020, the…
Pucker Factor
Late last night, I arrived back in New Jersey after spending the last few days at the inaugural Wealth/Stack conference out in Scottsdale, AZ. The conference was a great time, and I’m sure there will be plenty of awesome recap posts to read soon. I want to share a quick story from Tuesday morning. Dan…