And other ways to keep your money safe… Last Monday, Bill’s cell phone rings, and he picks up… Recording (with our commentary): “This call is officially a final notice from IRS (not “the” IRS?), Internal Revenue Service. The reason of this call is to inform you that IRS (again) is filling (not filing? maybe it was the accent) a lawsuit on your name because you have tried to do a fraud (someone skipped grammar class in 4th grade) with the IRS and we are taking a legal action, and we are issuing an arrest warrant on your name (a …
So Which Is It?
What was bad is now good again? We don’t think so. The article below serves as a reminder that Wall Street does not have your best interests in mind. Here’s the short version… The proposed “Fiduciary Rule”, by which all financial advisors would be forced to put clients’ interests ahead of their own, is now dead. Before this recent development, Merrill declared that it would switch to all fee-based accounts because it was in their clients’ best interest. But now that the rule is dead, they are going to switch back to allow commissions. This move, according to their own …
E+R=O, a Formula for Success
Combining an enduring investment philosophy with a simple formula that helps maintain investment discipline can increase the odds of having a positive financial experience. Investing is a long-term endeavor. Indeed, people will spend decades pursuing their financial goals. But being an investor can be complicated, challenging, frustrating, and sometimes frightening. This is why it is important to have an investment philosophy you can stick with, one that can help you stay the course (i.e., the Evidence-based Approach). This simple idea highlights an important question: How can we, as investors, maintain discipline through bull markets, bear markets, political strife, economic instability, …
They Say “Investor”, We Say “Speculator”
How the Media Sets a Dangerous Tone On Wednesday at 2:20, we read the lead articles on CNBC.com, looking for the first three mentions of the word “investor”. Here’s what we found: “…Investors have been fascinated with the rise of the 10-year Treasury yield…” “…Investors want clear and optimistic forecasts for the rest of this year from companies…” “…Bitcoin presents an appealing alternative for investors selling on macro-economic news this week…” Do you see the problem? The longer you’ve been a client, the more likely it is you do. Here, we help investors. They have a long-term outlook, and know, …