Patience in Investing: 2019 Update

John Noonan Uncategorized Leave a Comment

Recency Bias. It affects us all, particularly in investing. It’s the observation that we tend to give recent information greater weight than the long-term evidence warrants. And it’s certainly rearing its ugly head these days. We hit a peak last January and have been just meandering since. And the world is ending, or so you’d think. The four most dangerous words in investing are bubbling to the surface. This time it’s different. That’s what a sixteen-month span of not seeing any growth will do. Look below. Does it look any different? Nope. The market goes up, meanders, goes up, meanders…wash, …

Frequently “Oaked” Questions

John Noonan Uncategorized

You Asked, So We’ll Answer   FOQ: Where can I stash money for a year or two and get a decent return, without risking it? Short: Nowhere Long: This one is as frequent as it gets. But unfortunately, risk and return are inextricably related, like yin and yang, peanut butter and jelly, Laurel and Hardy, or Tom Brady and winning (also, we’ll post a shout out in the next blog to whoever emails back the best “inextricable relationship”). We suppose the answer is relative – what does “decent” mean? You can find one year CDs for about 2.7% these days. …

The Twenty Craziest Investing Facts Ever

John Noonan Uncategorized

And what they teach us   We read these last week at the Irrelevant Investor and knew we had to share them with you. The lesson we gathered is that investing successfully, while simple, is very difficult…and the difficulty is mostly psychological. Read on, and let us know if you agree. Enjoy! John, Bill, Mark & Melanie   Since 1916, the Dow has made new all-time highs less than 5% of all days, but over that time it’s up 25,568%. 95% of the time you’re underwater. The less you look the better off you’ll be.   The Dow has compounded …

On Wall Street, Your Best Interests Finish a Distant Second

John Noonan Uncategorized

Here’s strong evidence that theirs come first As a client, you won’t find this groundbreaking. In fact, it’s likely one of the main reasons you are a client. We sent the article below to people we believe should become our clients. But the lesson is one that none of us can afford to forget – literally. So, we thought you might want to read it also. We strongly suggest you do. The gist is that all the major firms put their gains over yours – not news. But what’s interesting is who admits it, how they do so, and the …