April 2013

Lessons From The Behavior Gap

“Investment mistakes are investor mistakes.” – Carl Richards The Behavior Gap by Carl Richards is one of the best personal finance books I have read. And there is not a single specific investment idea in the entire book. No secret stock picking formula or perfect asset allocation by age and net worth. Instead, this book…

I Tried Timing the Market. Now What?

“First I was bullish, then bearish, then brokish.” – Milton Berle Common Sense Reader Mailbag: I completely sold out of the stock market. Now I’m scared I made the wrong decision and I’m going to miss out on future gains. What should I do now? This is a question I’ve heard a lot over the last…

Don’t Reach For Yield

“More money has been lost reaching for yield than at the point of a gun.” – Raymond DeVoe Jr. In his article this week for the Wall Street Journal, Brett Arends goes over some of the dumbest money moves that people routinely make. One of them is reaching for yield. It’s hard to find high…

Focus on What You Can Control

“Incredible change happens in your life when you decide to take control of what you do have power over instead of craving control over what you don’t.” – Steve Maraboli While it can be interesting and thought-provoking to debate and complain about the politics in this country, on a personal level it doesn’t really affect your…