Most individuals focus too much on the “here and now” vs. the long road ahead. In the world of investing, this can lead to very poor, reactionary decisions. In this feature of our video blog, we take a look into a very common bias in the field of behavioral science. It’s our sincere hope that this will help you to stay committed to your financial plan over the years ahead.
Successful investing should never be exciting, but rather quite boring. We all have heard the fable of the tortoise and the hare, and we all know who eventually won. In the world of prudent investing, success most often favors those who embrace patience, and yes, boredom. Excitement comes from dangerous speculation and gambling. Caveat emptor!
In this brief yet very insightful video blog, we share how the country of Norway emulates the very same principles in the management of their government's pension fund as we do here at ISI. Interestingly, more and more institutional funds throughout the world have begun, and continue, to migrate over to this evidence-based approach to investing.
As an experienced financial advisor of over 33 years, one of the things I regularly remind clients is that as a fee-only financial advisor I have a moral and legal fiduciary responsibility to provide advice and guidance that I believe is always in their best interest. At times, this may even mean some “tough love” if it requires challenging a client’s well-intentioned desires or actions.
Here at ISI, we are extremely fortunate to be able to utilize the institutional management of Dimensional Fund Advisors’ mutual funds in our clients’ portfolios. Unlike traditional retail active managed and generic index funds, Dimensional employs strategic factors such as company size, value, and profitability in an effort to outperform broad market indexes. And since their inception many years ago, they have consistently delivered.
In this brief, 3-minute video, you’ll briefly be introduced to this special and respected strategy.
Last year Bitcoin was selling for about $19,000. I warned about the danger of getting drawn into all the hype, like speculative bubbles of the past. Now Bitcoin is selling for about $3,600. So what should you think about Bitcoin and other cryptocurrencies? In this brief, 3-minute video, we help you understand the speculative nature of these currencies.
While advising and guiding thousands of families over my 30+ years as a financial advisor, one thing I have consistently observed is how the proper utilization of money truly can add significant happiness and fulfillment to one's life. However, such happiness isn’t found in accumulating possessions whose newness and excitement quickly fades away. Please listen carefully to what is conveyed in this brief video blog and take to heart the substantive message.
In my over 30 years of experience as a financial advisor, one of the most dangerous traits I’ve consistently witnessed amongst investors who attempt to manage their own investments is overconfidence in their own ability to make smart investment decisions. In this brief, three-minute video we learn more about this and what the academics warn about those who are of this mindset. In sharp contrast, one of the most important traits and mindset of successful investors is humility towards one’s own ability and behavior.