Month: October 2016

The Investor’s Process: First Honesty, then Fearlessness

Good Investor Psychonomics Must Overcome Self-Delusion One of the greatest traits of Vulcans is that they are incapable of lying. But is that just science fiction or the imagination of Gene Roddenberry craving for honesty in the human experience? You can’t live a fearless existence without honesty, especially regarding your views on money. Watch the interview with retirement expert David Scranton. Billy Joel sang, “Honesty is such a lonely word. Everyone is so untrue. Honesty is hardly ever heard and mostly what I need from you.” Mark Twain once said, “It ain’t what you don’t know that gets you...

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Coachability & Leadership Are Key Aspects of Investor Education

If You Don’t Like the Aspects of School, You’ll Get Schooled in the Market Being a student of the game is the only way to win the game. If you’re teachable and thirsty for knowledge, you may position yourself later in life as a leader, starting with leading your family. Watch the interview with retirement expert David Scranton. One of the biggest challenges for every business is finding coachable team members and finding the right coach. Building and managing a team is the natural evolution of a good leader. That doesn’t happen overnight. Pro sports teams churn talent on...

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If You’re Not Analytic, Find an Adviser Who Is

If You’re Not Analytic, Find an Adviser Who Is An eye for detail seems like a special gift, especially in a society prone to glossing over the fine print of insurance policies, lease agreements and mortgage contracts. Are you just born with acuity or can you develop it? And keep in mind, that diligence; real due diligence is a practiced discipline. The more you practice it, the higher probability is that you’ll develop financial acuity. Watch the interview with retirement expert David Scranton. Many investor behaviors are not rooted in math and science. There’s no real analytic underpinning to...

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Portfolio Overprotection May Be the New Game in Investing

No Super Bowl Champion Wins Without Extraordinary Defense. Never gamble what you can’t afford to lose. Many people are hard wired to be optimists. The main reason investors—even people who’ve been badly hurt by financial losses—continue to shortchange financial defense is that much of the financial services industry does likewise to their own hurt. Watch the interview with retirement expert David Scranton. The great Alabama football coach Paul “Bear” Bryant once said, “Defense wins championships,” and you can bet that every great coach in every sport has tried that same Crimson Tide philosophy. Just think about some of the...

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Successful Investors Have Mastered the Inside Game

Seven Core Values to Help Protect Your Money in Good & Bad Time Solid core values are often time-tested attitudes about money or values incorporated from other successful investors. And if you’re really adventurous, you can toss out everything you’ve ever learned about money and start from scratch. But here are a few core values that you may want to add to your financial profile to fully form your psychonomics or attitudes towards money. Overprotection – No Super Bowl champion wins without great defense. Portfolio performance is one thing, but fund preservation is quite another, and it’s a preferred...

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