READ DANIEL KAHNEMAN’S PHENOMENAL, EYE OPENING AND EXTREMELY ENTERTAINING BOOK “Thinking, Fast and Slow” Watch the related WEALTHTRACK episode.
Investing Principles
HOLD SOME SAFE HAVEN ASSETS-CASH, U.S. TREASURY BONDS, GOLD, OR ALL THREE SAFE HAVEN INVESTMENTS
HOLD SOME SAFE HAVEN ASSETS-CASH, U.S. TREASURY BONDS, GOLD, OR ALL THREE SAFE HAVEN INVESTMENTS Gold: An insurance policy against disaster and traditionally a behavioral opposite to stocks Morningstar Favorite: iShares Gold Trust ETF (IAU) IAU data by YCharts Long Term Treasuries: Non-correlated asset Dampens portfolio volatility A top rated ETF is: SPDR […]
ACCEPT THE FACT THAT THE MARKETS WILL FLUCTUATE
ACCEPT THE FACT THAT THE MARKETS WILL FLUCTUATE Avoid trying to time the market Stick with your financial game plan Stick with investment discipline that works for you financially & emotionally Take advantage of “Mr. Market’s” mood swings Buy some stocks when cheap & sell some stocks when high Watch the related WEALTHTRACK […]
LET PROFESSIONALS GUIDE YOUR INVESTMENTS IN THE CYCLICAL ENERGY INDUSTRY
LET PROFESSIONALS GUIDE YOUR INVESTMENTS IN THE CYCLICAL ENERGY INDUSTRY Timing Matters Wrong point in cycle: Business and stock will be effected Watch the related WEALTHTRACK episode.
TAKE SMALL STEPS TO INCREASE YOUR INVESTMENT RETURNS
TAKE SMALL STEPS TO INCREASE YOUR INVESTMENT RETURNS Biggest Financial Wealth Robbers: Losses Inflation Taxes Expenses Wealth Builders: Own Stocks – the one asset class that has historically beaten inflation Own companies with track records of dividend increases Review fees: Are you getting your money’s worth from financial advisors and money managers? Pay […]
TAKE ADVANTAGE OF THE POWER OF COMPOUNDING IN STOCKS
TAKE ADVANTAGE OF THE POWER OF COMPOUNDING IN STOCKS “All the commercial push is behind telling you that you ought to think about doing something today that’s different than you did yesterday. You don’t have to do that. You just have to sit back and let American industry do its job for you.” […]