Archive - May 2016

1
You Want An Advisor Who Keeps You From “The Big Mistake”
2
5 Secrets About Your 401k Plan
3
Market Pricing, The Markets, the Prices, and You and Me
4
Write Down Your Investment Plan
5
What To Do With That First Paycheck

You Want An Advisor Who Keeps You From “The Big Mistake”

In Carl Richards’ new book, The One-Page Financial Plan, I read this section:

Real financial advisors stand between you and the Big Mistake

To a certain extent, the process of finding a real financial advisor is a qualitative experience. It boils down to the question “Can I see this person getting to know me well enough so that I can trust him to help me behave for the next twenty years of my life?” …

Remember, your financial advisor is the only one standing between you and the Big Mistake of buying high and selling low. You’re hiring them

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5 Secrets About Your 401k Plan

Many folks have a 401k plan – it’s the most common sort of retirement savings vehicle that employers offer these days. But there are things about your 401k plan that you probably don’t know – and these secrets can be important to know!

The 401k plan is, for many, the only retirement savings you’ll have when you reach your golden years. Used properly, with steady contributions over time, a 401k plan can generate a much-needed addition to your Social Security benefits. But you have to make contributions to the 401k plan for it to work, and invest those contributions wisely.…

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Market Pricing, The Markets, the Prices, and You and Me

Welcome to the first installment in our series of Joss Financial Group’s EB Investing Insights: The Markets, the Prices, and You and Me. When it comes to investing (or anything in life worth doing) it helps to know what you’re facing. In this case, we face “the market.” On a side note, I smile when I … Continue reading Market Pricing, The Markets, the Prices, and You and Me Read More

Write Down Your Investment Plan

Charles Rotblut has a nice article in the American Association of Individual Investors Journal (AAII) entitled “Investing Strategies For An Irrational Brain.” First, he chronicles many ways that our brains are hard wired against making rational decisions. A combination of cognitive biases, emotions and reactive thinking leads to investing decisions that are not rational in terms of maximizing profits. Then, and most helpfully, he provides some of the best methods to prevent behavioral errors from occurring. Here are two of the easiest methods you can employ:

Use the Power of the Written Word

One of the simplest and

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What To Do With That First Paycheck

You’re graduating, which is exciting and probably a little scary. Congratulations!

Hopefully you have gotten, or are working on, getting a job.

Once you’ve landed that job you will have a (hopefully) steady paycheck and need to figure out how to handle your own finances. You probably know that you should spend less than you earn, but that is only part of the equation, and spending money on utilities sounds less exciting than spending money on fun things. You will have to learn to balance your budget and desires.

Here are some tips for thinking about where this new …

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