Author - Daniel Joss MBA, CFP®, RLP®

1
What Happens To Stocks When Interest Rates Change?
2
Tax Time Thieves
3
5 Things to Know About Safe Deposit Boxes, Home Safes and Your Valuables
4
Growth Funds Should Be Part of Your Portfolio
5
The ABCs of Behavioral Biases (S–Z)

What Happens To Stocks When Interest Rates Change?

Dimensional examines US market returns and a variety of interest rates to determine if you can predict which way stocks will move when interest rates change.
Be well, The post What Happens To Stocks When Interest Rates Change? appeared first on Joss Financial Group.… Read More

Tax Time Thieves

It’s the time of year when we scramble to gather our W-2s to file taxes before the April 17 individual income tax deadline.

Unfortunately, identity thieves also are scrambling to gather your personal information to file fraudulent tax returns. How can you prevent an identity thief from stealing your refund? Below are a few helpful tips on protecting your identity this tax season:

Store your personal information and financial documents in a safe place. Avoid carrying your Social Security card with you and keep financial documents in a secure location.

Be aware of impersonators. Don’t give personal information over the …

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5 Things to Know About Safe Deposit Boxes, Home Safes and Your Valuables

I found this helpful information about safe deposit boxes on the FDIC site. It was posted nearly a decade ago and remains relevant today.

1. Think about what should or should not be kept in a bank’s safe deposit box. Good candidates include originals of key documents, such as birth certificates, property deeds, car titles, and U.S. Savings Bonds that haven’t been converted into electronic securities. Other possibilities include family keepsakes, valuable collections, pictures or videos of your home’s contents for insurance purposes, and negatives for irreplaceable photos. (Another option may be to store digital images of important documents and …

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Growth Funds Should Be Part of Your Portfolio

I’ve had some great conversations with clients recently and wish to take this time to explain a bit about growth stocks. In particular growth mutual funds.

 “Send your grain overseas, for after many days you will get a return. Divide your merchandise among seven or even eight investments, for you do not know what calamity may happen on earth.” Ecclesiastes 11:1-2

U.S. growth stocks are certainly one of the seven or eight investments I usually recommend all clients have in their portfolios. By definition, growth stocks make up about half of the S&P 500 index. In fact, about half …

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The ABCs of Behavioral Biases (S–Z)

We’re coming in for a landing on our alphabetic run-down of behavioral biases. Today, we’ll present the final line-up: sunk cost fallacy and tracking error regret.

Sunk Cost Fallacy

What is it? Sunk cost fallacy makes it harder for us to lose something when we also face losing the time, energy or money we’ve already put into it. In “Why Smart People Make Big Money Mistakes,” Gary Belsky and Thomas Gilovich describe: “[Sunk cost fallacy] is the primary reason most people would choose to risk traveling in a dangerous snowstorm if they had paid for a ticket to …

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