Money Clinic: Don’t be a Pig

As most behavioral finance experts have observed, we typically forget about our losses and mentally exaggerate our successes. Over the last 20 years, many people saw their investment accounts plunge by 50% or more when the dot-com bubble burst. Many investors had moved their money into NASDAQ technology stocks, which plunged over 70% over 19 […]
Continue reading…

Enjoyed this post? Share it!

 
 

Money Clinic: The Fallacy of the Traditional Financial Plan

It’s an all too common scenario. You’re sitting across the desk from your financial planner. He asks a few questions about your income, expenses, and rattles something off about your risk tolerance. Then he plunks the data into his computer and prints out a beautifully prepared document with pretty pie charts and colored graphs that […]
Continue reading…

Enjoyed this post? Share it!

 
 

Money Clinic: How to Protect Your Retirement Accounts

A new move by President Donald Trump which delays and reconsiders the Department of Labor’s fiduciary rule, scheduled to go into effect in April, may mean higher costs for individual investors and retirement plans, especially 401(k)s offered by small businesses. Fortunately, the threat of the regulation had already started to change the way financial institutions […]
Continue reading…

Enjoyed this post? Share it!