“Success is nothing more than a few simple disciplines, practiced every day.” – Jim Rohn Investing and life are more like poker than chess. I recently listened to an interview with Annie Duke. Ms. Duke’s book, Thinking in Bets along with the interview really resonate with me because her thinking is quite similar to mine. In this quick video, I detail the parallels of investing and poker and why it is critical to keep a “poker face,” keeping your emotional composure during bad….and even good investment periods! About Thinking in Bets: Making Smarter Decisions When You Don’t Have All the ... Read More
“Our greatest glory is not in never failing, but in rising every time we fall” – Confucius The last few days have seen lots of headlines and news about the markets, and you may be wondering what this all means. History has shown that investors are rewarded for steady nerves and long term vision. If you’;re in your 60s and 70s, hopefully you still have many years in front of you, so your vision should be long term. Volatility is normal, and the low volatility we’ve seen in the past few years is the exception, not the norm! Click ... Read More
“Happy Families are all alike; every unhappy family is unhappy in its own way” – Leo Tolstoy in Anna Karenina There is plenty to be happy about this year, as almost across the board the unmanaged stock and bond market indexes were up. International markets as well. I get asked all the time “when is the market going to crash?” and “how bad will it be?”. They’re the wrong question. And I use an analogy of a marriage and disagreements to make my point. Below is my end of the year video, where I outline my thoughts on 2017, and ... Read More
“To know what you know and what you do not know, that is true knowledge” – Confucius The 3rd quarter of 2017 is over, and it was another good one. Practically every non-managed stock market index was up, in almost every sector. The markets perform in one of three ways — up, down, and sideways. After a few years of a sideways market, since the election we’ve seen a fairly steady and consistent up market, reaching new highs almost daily. In my video, I address the need to ignore negative naysayers, as there are always doomsday prophesiers willing ... Read More
“If you think in terms of a year, plant a seed; if in terms of ten years, plant trees; if in terms of 100 years, teach the people” – Confucius The 2nd quarter of 2017 is over, and it was a good one. Practically every non-managed stock market index was up, in almost every sector. The markets perform in one of three ways — up, down, and sideways. After a few years of a sideways market, since the election we’ve seen a fairly steady and consistent up market, reaching new highs almost daily. Periodically I hear “the market ... 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.