Here I will present you with information about two mystery companies that operate in the same industry (which is a cyclical one) and are competitors of one another. Company A Highlights Founded in 1908 $144 billion in trailing 12 month … [Read more...] about Why Stock Picking is Hard
"The idea that a bell rings to signal when investors should get into or out of the market is simply not credible. After nearly 50 years in this business, I do not know of anybody who has done it successfully and consistently." -John … [Read more...] about A Market Timing Strategy That Works?
Financial advisors are often encouraged to outsource the portfolio management portion of their business in order to scale their practices. This is not always a bad thing, as some advisors tend to be more focused on budgeting, estate planning, … [Read more...] about Complification
Many of us have run through retirement calculators. We punch in our current investment account balances, how much we'll save each year, what rate of return we expect, and it spits out a projected future value. That projection will be wrong. Even … [Read more...] about Why All Financial Planning Projections Are Wrong
The 3rd quarter is a wrap! How'd markets do? 3rd quarter 01/01/2019 - 09/30/2019 US Stocks 1.08% 19.90% Global Ex-US Stocks -1.58% 11.42% Total Bond Market 2.40% 8.60% First thought: Framing is everything You … [Read more...] about Quarterly Thoughts (3rd Quarter 2019)
My junior year at Eastern Illinois University I took a course called "Financial Markets: Commodities, Derivatives, and Securities". Riveting stuff. Our professor, Dr. Crystal Lin, asked us to participate in an enhanced version of the "stock market … [Read more...] about The Stock Market Game