4 Bad Reasons to Buy a Home
If you’re buying a home for any of the following reasons, it might be time to pause and reconsider.
Millennial Housing Trends
Last week I visited Fox 2 News St. Louis to discuss Millennial housing trends. View the replay below: https://www.youtube.com/watch?v=Gp2QdLGdmAY
How to Use Your Imagination to Make Better Financial Decisions
Our brains think of saving like a choice between spending money on ourselves today versus giving it to a complete stranger. The result is a propensity to spend today rather than save for the future.
To combat this tendency, you can leverage your imagination to make better financial decisions.
Market Prediction is Harder Than You Think
Your opinions on the market don’t mean much considering the wealth of information you’re up against.
Financial Blogger Wisdom
Last week was the annual Blogger Wisdom series on Abnormal Returns. Here were my responses to the different questions asked throughout the week.
The Biggest Retirement Planning Mistakes
People make a lot of mistakes planning for retirement. Thankfully, the biggest retirement planning mistakes can be corrected by using a good financial planner.
U.S. Stock Valuations and Return Expectations
Valuation is a terrible short-term indicator, but it can be useful in setting expectations for future returns.
Don’t Predict, Plan
We never know when or why the next correction or bear market will happen. What we do know is that market downturns happen on a regular basis. Rather than trying to predict the timing or cause of the next downturn, you’re better off planning on historical levels of volatility persisting over time.
Building Meaningful Benchmarks
Most people don’t know how to properly evaluate their financial advisor and overly rely on performance as the sole measurement of success. A better approach is constructing a portfolio-based benchmark and goals-based benchmark to measure their progress.
Myopic Loss Aversion
The Digital Age has made access to stock market data and real-time portfolio values increasingly easy, but it causes investors to lose sight of the big picture. Myopic loss aversion is the idea that the more we evaluate our portfolios, the higher our chance of seeing a loss and, thus, the more susceptible we are to loss aversion.
Get A Free Financial Wellness Assessment
Take our assessment and quickly learn specific areas of your finances you should focus on to build and protect your wealth.
Peter Lazaroff, CFA, CFP® is Plancorp’s Chief Investment Officer, a financial advisor, speaker, and author of the book Making Money Simple.
