The global fashion industry is fickle by nature, pushing and then pulling trends to keep hapless consumers forever turning over their wardrobes. Much of the financial services industry works the same way. Fashion designers, manufacturers, and media operate by telling … Continue reading
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Retirement Distribution Planning & Maximizing After-tax Wealth
Location, location, location. It matters when it comes to real estate. It also matters when it comes to the way you hold and invest your retirement savings. You cannot control what happens with the tax code, but you can control … Continue reading
Willy Wonka Meets Wall Street
In a popular children’s story, the young hero pins all his hopes on finding one of a handful of “golden tickets” hidden among millions of candy bars. It seems many people approach investing the same way. The notion that the … Continue reading
Behavioral Finance, Poor Investment Results and a Developing Nanny State
One of the most interesting areas of financial research these past ten years has come, oddly, not from economists or investment researchers, but psychologists, who are pioneering a branch of study known as “behavioral finance.” This has led to one … Continue reading
What Can We Learn from 2013’s Investment Predictions
It was the best year for the S&P 500 Index since 1997, with a total return in excess of 32%. The unusually strong performance of US stocks in 2013 was a welcome surprise but also a source of exasperation for … Continue reading