Do elections affect the stock market? Last week I cited an analysis by Vanguard Group which attempted to answer this question. The verdict: “It’s understandable to have concerns about the election. But as far as your portfolio and the markets are concerned, history suggests it will be a nonissue.” [...]
Last week I discussed strategies to avoid making decisions you might regret. But what if it’s already too late? What if you've already made a financial decision you regret? Then what? Below are six strategies to help manage, and hopefully minimize, regret over past decisions. 1. I'll start with a [...]
This week I learned the disappointing news that our next-door neighbors—possibly the nicest people in the world—have put their house on the market. While I’m sorry to see them go, I understand their decision. With a growing family, they are looking for more room. During the pandemic, in fact, [...]
The tricky thing about investing is that there is no single “right” approach. A little while back, I talked about the “five minds” of the investor—the optimist, the pessimist, the analyst, the economist and the psychologist. But why these five? There are, in fact, many ways to be successful: You [...]
In her most recent book, former Secretary of State Madeleine Albright quotes Mussolini: “If you pluck a chicken one feather at a time,” he said, “no one will notice.” Don’t worry—I‘m not veering into political commentary. But when I heard this quote, it brought to mind what we’ve been seeing in [...]
