“Happy Families are all alike; every unhappy family is unhappy in its own way” – Leo Tolstoy in Anna Karenina I’ve been meeting with clients for over 25 years, and every year is there seems to be some major event that causes concern for everyone. This year, it was the presidential election. One thing about the election that everyone seems to agree on is that we’re glad it’s over, even if we disagree whether the outcome was good or bad. At the bottom is my end of the year video, where I outline my thoughts on 2016, and also what ... Read More
In my video this quarter (you have watched it, right?), I mention the long term nature of investing in stocks and bonds, with the presidency a relatively short term event. Don’t fall into the trap of thinking all positives or all negatives because your party (or the other party) is in power. We give too much blame and credit to the President, and when prudent investors have a long time horizon, it is better to stick to the strategy appropriate for you and your risk level, and don’t get emotional. HERE’S A GOOD BLOG TALKING ABOUT THIS IN MORE DETAIL Read More
In May I was in New York City, and the highlight by far was the interview I did with Financial Advisor IQ (division of Financial Times) on biases. It was really fun, and focused on the types of emotions and biases that investors have to be aware of and overcome. The producer liked the interview so much that he decided to make it a 3 part series, so the link below is only for the 1st of 3. The rest came out in July and August, so I’ll link to that in a subsequent newsletter. Anyway, pretty good interview, so ... Read More
I think most of you know that I am a voracious reader, and have been my whole life. So, now it’s time for my annual book review. 67 Books read (35 fiction, 32 general non-fiction and personal development) Most Useful= Get Your Inbox Down to Zero: How to be a Productivity Ninja Best Personal Development= Grit: Passion, Perseverance, and the Science of Success Funniest= Redshirts Most Moving= On Fire: The 7 Choices to Ignite a Radically Inspired Life Best Biography = Born with Teeth by Kate Mulgrew Totally Interesting Book = Marching Powder: A True Story of Friendship, Cocaine, and ... Read More
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The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 large capitalization stocks with dividends reinvested.
The Standard & Poor’s 500 Index (“S&P 500”) is an unmanaged, market capitalization weighted index of 500 widely held stocks, with dividends reinvested, and is often used as a proxy for the stock market.
The Nasdaq Composite is an unmanaged, market capitalization weighted index of stocks listed on the Nasdaq Stock Exchange, and are reported as price return without reinvestment of dividends.
Indexes are often used as a proxy for the stock market and cannot be invested in directly.