Tuning out the noise

Tuning out the noise

As we warned in January, volatility has returned.  This is not a bad thing. It is totally normal. The day to day market moves that no one can predict or control are just trees. Your financial plan is the forest. Don’t miss the forest for the trees. Keep your...
You Can’t Predict the Future, So Stop Trying!

You Can’t Predict the Future, So Stop Trying!

Larry Swedroe wrote a terrific piece for etf.com a few weeks ago called Better to Face Correction. He delivers a great no-nonsense take on trying to time your way around a correction: “Even if you believe the probability of a correction is high, it’s far from certain....
MINDFUL MONEY PRACTICE: Write a Behavioral Prescription for Yourself

MINDFUL MONEY PRACTICE: Write a Behavioral Prescription for Yourself

The illusion that volatility equals risk causes people to be either too aggressive or too timid with their money in the moment, so they lose out on the opportunity to slowly and patiently grow their wealth over the long haul. Take a few minutes to consider how your...
Do Markets Overreact

Do Markets Overreact

DO STOCK MARKETS OVERREACT? Some experts say it does. In 1985, Werner DeBondt, currently a professor of finance at DePaul University, and Richard Thaler, currently a professor of behavioral science and economics at the University of Chicago, published an article...
Manufacturing Financial Products

Manufacturing Financial Products

Financial Product Manufacturing When people hear about manufacturing products, they generally limit their definition of products to things you can touch, sit in, sit on, drive — physical things like cars, toothpaste, toys, even artwork and the like.  People rarely...