The large financial services companies spend tens of millions of advertising dollars every year. Their main message is always the Big Three investment management advice–asset allocation, diversification, and rebalancing. The end result is that most Minnesota...
Most Minnesota stock market mutual fund investors don’t have an investment management strategy in place for a declining U.S. stock market environment. Buy-and-hold always works in a good stock market. The problem becomes buying-and-hoping on the way down in a bad...
In the last three years ending in 2012, almost 87% of mutual fund investment managers underperformed their investment benchmarks. Most of the mutual funds in a Minnesota company 401(k) retirement plan fall into that same category. Company 401(k) retirement plans are...
I had a Minnesota client call me last week. The reason for the phone call was the client’s sudden financial windfall. The client’s mother-in-law died a couple of months ago. The estate had settled and the couple’s part of the inheritance was almost the same amount...
Each business day the financial media feverishly promotes the reasons for the up or down movement of the popular stock market averages. It is human nature to look for the cause and the effect of both good news and bad news. The financial media can’t help themselves....
My son is a high school senior. His sister is a high school junior. This year, each of them is taking a business class. My son is taking Principals of Investments this year. My daughter is taking Personal Financial Management this year. You would think that by the...
