Risk

Risk and the Real Consequence of Failure

We left the trail head at 1 a.m. and headed for the summit of the Grand Teton. I had made this climb several times, but my friend was still new to mountaineering. This trip was his first attempt at the popular peak. Our goal was to reach the top by…

Art24_How do you get there

Assets & Liabilities: What’s Your Current Financial Reality?

When it comes to money, what we don’t know can hurt us. I’ve seen this truth play out time and again when people tell me they want to get serious about their finances. They want to invest. They want to make plans for the future. “Great,” I’ll say, “so what…

PresentFuture copy

Ideas for People Who Use Money: What If I Don’t Want to Retire?

Each week, I’ll share interesting resources I’ve found related to money, behavior, emotion, and anything else that catches my eye. My goal is to highlight the valuable work other people are doing to help you make better, more thoughtful decisions. A Guide To Not Retiring THE WALL STREET JOURNAL How…

What Diversification Feels Like

Forget Diversification. You Just Need to Pick the Winner.

You made a huge mistake last year with your money. You know this now, right? The only investments in your portfolio that did very well were probably United States stocks. Bonds may have held their own, but everything else was just pitiful. International stocks performed horribly and emerging markets weren’t much better. What were you…

Art18_WishGoal

Three Guesses to Reach Your Goals

How much money do you think you’ll need in retirement ten years from now? Twenty years? Thirty years? We know — sort of. But this lack of precision can lead to one of two things: We end up doing nothing because we assume we’ll never know the “right” number We…

Tough Choices

Ideas for People Who Use Money: The Thin Green Line

Each week, I’ll share interesting resources I’ve found related to money, behavior, emotion, and anything else that catches my eye. My goal is to highlight the valuable work other people are doing to help you make better, more thoughtful decisions. The Thin Green Line (Kirkus): Paul Sullivan may understand what…

Hedge funds

The Hedge Fund Conundrum

When I look at hedge funds, there are three data points that keep bothering me. They create a pattern that doesn’t make a lot of sense. I hope you can help me understand what I’m missing. 1. Hedge fund performance has been terrible. In 2014, the Barclay Hedge Fund Index returned…

Art16_UnclearGoalsFinancialUncertainty

Doing Nothing Isn’t a Financial Plan

“I don’t know what to do.” I’ve heard those words a lot over the years. Smart, successful people with good educations would sit across from me and tell me they’d done little to no financial planning. They just didn’t know what to do, so they did nothing. I’m not surprised….

income vs enough

Ideas for People Who Use Money: Crazy Financial Contract

Each week, I’ll share interesting resources I’ve found related to money, behavior, emotion, and anything else that catches my eye. My goal is to highlight the valuable work other people are doing to help you make better, more thoughtful decisions. Tricks & tips for getting the most from Social Security…

How do judge a financial advisor

What Does Your Financial Advisor Do?

There’s a fight brewing in Washington. While fighting in Washington isn’t new, the cause of this particular fight might shock you. People are arguing about financial advice. Last week, the debate gained national attention as President Obama waded into the discussion. At the center of this argument is a surprising…

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