Blog RSS

It goes to reason that the “average” stock mutual fund would generate investment results equal to the return of a market index, such as the S&P 500 Index or the Dow Jones Industrial Average. But it’s not true. To be very clear, the average mutual fund does not beat the market averages. In fact, statistics...

When new friends learn that I am a wealth adviser, they sometimes ask me this question before they even know me (or before I know them very well). In answer, I tell them about Tom Stanley’s formula. The late Dr. Tom Stanley penned several great books about the affluent in America and how they developed...

People have been asking me this question since 1982 when I passed my test to become a “registered representative” with a regional stock brokerage firm, a member of the New York Stock Exchange. Though my firm had an exceptional training program, I really didn’t know very much as a 25-year-old rookie stockbroker. Still, the Dow...

Most people, if asked, would say “no!” you should never put your eggs into one basket. This is why some people get lackluster results. They have financial accounts with small dabs of money with several stockbrokers, mutual fund companies, and various other vendors of investments. Well, it’s diversified, they say. And you know what, oftentimes...

 April 18, 2017, is the deadline for 2016 The IRA is the place where most regular, working folks end up with their largest pile of money. Here are a couple of important reasons why this is true: The IRA is the place where money can go and be treated to tax advantages It’s usually long-term...