This is typical of how the “Wall street” regulars try to squelch the real investors. Solin smartly did not try to argue.
The following is provided by Dimensional Fund Advisors and presented by Weston J. Wellington, Vice President, Dimensional Fund Advisors.
Six months after Dimensional’s first comprehensive survey of the market downturn, Weston Wellington returns to the topic with a multi-part series on what investors should consider as they move forward. The videos include an examination of capital markets, the effects of recession and government policy on stock prices, how the current market stacks up to previous downturns, and the reasons why Dimensional’s core beliefs have not changed in light of these events.
Finding a financial advisor you can trust is the key to your long-term financial success. However, as we’ve often talked about, finding someone you can trust, someone who is on your side, can be challenging. Regardless of the challenge, you risk much if you refuse to act.
Google search for variable annuity link
One of the reasons the financial planning industry has gotten such a bad reputation is that much of what you hear about relates to products. Financial planning, when done correctly, is about a process, the plan. How we populate the plan is the last step. We don’t start with finding good mutual funds.
One of the concepts bouncing around in my head for years is that many of the most important things in life are simple but not easy.
Why does the financial services industry feel like complexity is some sort of intellectual gift (or at least a way to sell more stuff). They have spent so much time with complex models, spreadsheets, and charts that they actually fear simplicity. When you have spent your entire career thinking that your value is in complex models, simplicity is not only scary, it is a threat to your way of life.
Why do seemingly smart people continue to make stupid investment mistakes?
This is an excellent interview with Jason Zweig, Wall Street Journal columnist and author of Your Money and Your Brain. His latest book explores the fascinating world of neuroeconomics.
USA Today wrote an interesting story about Zweig’s book called (click the link to read the story) “Greed Feels Good, So Watch Out“. This is a good synopsis of his book.
Unfortunately, it looks like many investors are making what I think will be one of the biggest financial mistakes of their lifetime! In just the first month of 2009 there has been a net inflow in bond mutual funds of $14 billion.
While moving to the perceived safety of bonds/CDs/annuities might feel like the right thing to do, investing based on what feels right is generally a terrible idea.
If you have a globally diversified portfolio, what would it take for everything to go to zero? What would have to happen for 12,000 companies to go out of business?
No one can argue that we have faced some volatility in the market. During such periods investors emotions are tested and they often seek a “product” solution which will help protect their principal or “magically” make those loses reappear.
Well, the Insurance industry has the product for you, and during these times they send out their army of salesmen who feed off your fear to sell you an Equity Indexed Annuity.
This video will educate you on an alternative solution that will accomplish similar results with more flexibility and no COMMISSION to the salesman.
Make sure to get my book The Dirty Filthy Lies My Broker Taught Me and 101 Truths About Money and Investing by linking here.
“The sky is falling, the sky is falling” cried Chicken Little. Some investors may agree. What should you do If you find the stock market plummeting.
Right now is one of the most lucrative times to buy slices of American businesses at vast discounts. Don’t forgo the opportunity by running away.