Don’t Be a Cuba Muppet

It’s really wonderful to see President Barack Obama normalizing relations between Cuba and the United States after fifty years of Soviet-instigated animosity that is totally irrelevant in today’s day and age. I believe it will be great for the Cuban people and their stateside family members, as well as for businesses in Florida and intrepid business…

What Investment Success Looks Like To Me

“To me, success for individual investors means they’re able to tie their current assets to their future liabilities in such a way that they can do all the things they want to do in retirement and beyond. It’s not a dollar figure or an asset allocation. It’s that an investor can spend the money on…

The First Casualty of a Bear Market

Nick Murray says “The ability to distinguish between volatility and loss is the first casualty of a bear market.” I turned to one of my favorite passages of his masterpiece Simple Wealth, Inevitable Wealth this morning as turmoil from overseas and the commodity markets made its way through the headlines. Nick relays a great anecdote…

The Riskalyze Report: DFA Gains Adherents

My friends at Riskalyze share the stocks and funds that advisors all over the country have used in their clients’ accounts each week. This data has been aggregated from across the client accounts of the thousands of advisors who use the software. Most of it comes directly through the third-party custodians where advisors’ assets are held. I hope we…

Another Lying Paper Trader

I’m not going to spend a lot of time on this Teen Trader story where a high school junior from Queens, New York conned a bunch of journalists into believing he’d made $72 million in profits speculating in the stock market on his lunch hour. Anyone who’s spent even a few years in the market…

Chart o’ the Day: Don’t “Invest” in Stupid Sh*t

The chart above comes from Matt Phillips at Quartz and is a good reminder of why you shouldn’t invest in stupid sh*t. Obviously any asset can decline in price – blue chip stocks, your house, etc – nothing is immune. But don’t go out looking for additional trouble when the world is perfectly capable of…

RIAs Will Take a Third of the Wealth Management Biz by 2018

Investment News: …the RIA channel is likely to control some 28% of the market by 2018, according to research firm Cerulli Associates. The RIA channel, which comprises approximately 15,800 firms managing $2.4 trillion in assets, currently manages some 19.8% of retail investor assets and represents 18.6% of adviser headcount, according to Cerulli. The research firm…