VIDEO: Retirement Investing Pitfall #7 – Prospect Theory & The Sunk Cost Fallacy In this video, we are going to touch on the retirement investing pitfall #7, referred to as Prospect theory. Prospect theory centers on the interesting financial behavior that if two equal choices are put in front of an individual, one presented […]
VIDEO: Retirement Investing Pitfall #6 – The Clustering Illusion & The Hot Hand Fallacy As we continue through our video series “Retirement Investing Pitfalls”, this video is going to touch on Pitfall #6, and what is referred to as The Clustering Illusion (and The Hot Hand Fallacy). The clustering illusion is the belief that […]
VIDEO: Retirement Investing Pitfall #5 – Recency Bias This week we will discuss Retirement Investing Pitfall #5 from my book Plan Smart Retire Right. This pitfall is called Recency Bias. We’ve all heard the phrase “past performance is not indicative of future results.” However, many investors fail to take it seriously when making decisions […]
Weekly Market Insight – Trade & Turkey Drive Markets Challenges in emerging markets affected both U.S. and global stock performance last week, with the S&P 500 experiencing several down days.[i] By market close on Friday, however, two of the three major domestics posted gains for the week. The S&P 500 added 0.59%, the Dow increased […]
VIDEO: Retirement Investing Pitfall #4 – Underestimating Market Risk and Not Properly Diversifying In this video I am going to cover Pitfall Number 4 – underestimating market risk by not properly diversifying. As you probably know, a disciplined approach to your money can help buffer you against turbulence and uncertainty in the market. Obviously, […]
Mixed Results as Turkey Stumbles Stocks ended the week in mixed territory as trouble with Turkey’s currency affected U.S. equity performance on Friday, August 10.[i] For the week, the S&P lost 0.25%, the Dow declined 0.59%, and the NASDAQ increased 0.35%.[ii] International stocks in the MSCI EAFE stumbled, giving back 1.57%.[iii] Although last week brought […]
Stocks Up As Data Comes In Domestic markets ended last week in positive territory, as the S&P gained 0.76%, the Dow was up 0.05%, and the NASDAQ increased 0.96%.[i] This performance marked the 5th week in a row that the S&P 500 and Dow posted gains.[ii] Meanwhile, international stocks in the MSCI EAFE stumbled, losing […]
VIDEO: Retirement Investing Pitfall 3 – Taking Too Little Risk Several weeks ago, I started a series of videos derived from a chapter in my best-selling book, Plan Smart Retire Right. In the book, I discuss Retirement Investing Pitfalls. In our previous video, I went over how taking too much investment risk in retirement […]
Examining Economic Growth Markets experienced a push-and-pull last week between data indicating strong economic growth and lagging performance from several tech stocks’ earnings reports.[i] Domestic indexes had mixed results, as the S&P 500 gained 0.61%, the Dow was up 1.57%, and the NASDAQ dropped 1.06%.[ii] International stocks in the MSCI EAFE had more of an […]
VIDEO: Retirement Investing Pitfall #2 – Taking Too Much Risk In today’s video of our series entitled Retirement Investing Pitfalls (derived from my book “Plan Smart, Retire Right”), I am going to briefly discuss a 2nd commonly encountered pitfall many investors make: Taking Too Much Risk. Risk involves the chance that the investments you […]
