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5 Financial Resolutions for 2012
Tweet Share on Facebook December 29, 2011 Comment (2)The news is filled with stories about 2012 predictions, resolutions, and the like, so I felt compelled to chime in. Here are five financial resolutions to consider for 2012.
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New Year’s Resolutions
Tweet Share on Facebook December 27, 2011 Comment (1)It’s that time of year again: New Year’s resolution time.
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Financial Planning Tasks for 2012
Tweet Share on Facebook December 23, 2011 CommentAs we finish the year and sing the last chorus of “Auld Lang Syne” to bring in 2012, there are several financial planning tasks that are important to consider and take action on.
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Congressional Insider Trading and American Hypocrisy
Tweet Share on Facebook December 22, 2011 Comment (6)Have American politics finally become as debauched as the late Roman Empire?
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Is a Roth 401(k) Right for You?
Tweet Share on Facebook December 21, 2011 Comment (5)With the new year around the corner, many workers saving for retirement are wondering whether to make changes to their strategies. One common question will be whether to put money into a Roth 401(k) plan.
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Plan Sponsors: Please Don't Mess Up Our 401(k) Investments
Tweet Share on Facebook December 20, 2011 CommentDear plan sponsors and plan administrators,
I’d like to take a moment to make a public plea on behalf of all the retirement plan participants out there: Please don’t mess up our 401(k) plans when the fee disclosure rules take effect next year.
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If You Can't Beat It, Join It
Tweet Share on Facebook December 16, 2011 CommentWe frequently write about the uncontested fact that most stock pickers, professional or amateurs, don’t consistently beat the market.
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Tips for Staying Focused on the End Goal
Tweet Share on Facebook December 15, 2011 CommentThe Pension Research Council at the Wharton School recently released research indicating that people allow their peers to influence their 401(k) investing. According to the study, 401(k) investors tend to increase their equities allocations when co-workers are experiencing good returns and decrease them when co-workers lose money.
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How Is Your Financial Adviser Paid?
Tweet Share on Facebook December 14, 2011 CommentMany clients do not understand how their financial adviser is paid. The three basic compensation models are:
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4 Reasons You Stink at Managing Your Own Money
Tweet Share on Facebook December 9, 2011 Comment (1)As an investor, have you taken stock of your personal behavior as it relates to the stewardship of your portfolio?
If you haven’t, let me tell you it matters—a lot.
It's well documented that investment success is linked in part to behavior. Some investors continue to make the same mistake over and over again: They buy high in the face of euphoria and sell low in the face of fear.
In fact, I suspect such behavior has a lot to do with the horrible returns the average investor has achieved from 1991 to 2010 as reported by a recent DALBAR study. It is a pitiful 2.6 percent annual return.
