5 Ways to Turn Inertia Into Financial Momentum

Too many choices and inexperience with complex issues are two of the biggest impediments to creating wealth. Limiting choices and automation, on the other hand, are great ways to improve your decision-making. In their excellent book “Nudge,” authors Cass Sunstein and Richard Thaler identify a couple of reasons why most people are not very good at managing money. Through…

What is the WSJ Editorial Board Smoking?

“Mr. Perez has suggested in hearings that customers can receive robo advice instead. Seriously. We’re not sure we trust Siri of iPhone fame as a stock picker. We’d prefer the flesh and blood adviser who may have been recommended by a friend.” Editorial, The Wall Street Journal May 17, 2015 In the immortal words of…

Brokerz from the Hood

“Make everybody see, in order to fight the powers that be.”  – Chuck D., Public Enemy This quote from the rap group, Public Enemy, sums up the deception that is modus operandi of the majority of the financial service sector. While Chuck and his pals provided a release for the downtrodden and oppressed, retail brokerage clients…

Building Wealth: Stick to It and Ignore the Joneses

By Anthony Isola Learn more about Anthony on NerdWallet’s Ask an Advisor Building wealth is a process, not an event — a process that takes discipline and a long-term outlook. You must focus on yourself, not what others are doing. Work hard and maintain a consistent approach. This may not be easy, but it’s doable…

Financial Twitter’s Walking Dead

I really enjoy reading the opinions of the cast of characters on financial twitter. There is great info, humor, and insight available for free with just  a few clicks. Since I must have too much time on my hands, I imagined these characters after the onset of a full blast zombie apocalypse. Who would survive?…

Financial Twitter’s Walking Dead

I really enjoy reading the opinions of the cast of characters on financial twitter. There is great info, humor, and insight available for free with just  a few clicks. Since I must have too much time on my hands, I imagined these characters after the onset of a full blast zombie apocalypse. Who would survive?…

There Has Never Been a Better Time to Be a Young Investor

This past week I had the privilege of setting up a Roth IRA for the daughter of a client. She is 19 and has her whole life ahead of her. What a great time to explain the basic principles of investing. The trick was how to do it. Concepts such as retirement couldn’t be more…

Don’t Be A Screen Junkie

Spending too much time in front of entertainment screens has negative effects on both your health and finances: it can turn your children into emotional basket cases and ruin your retirement plans. A recent article in the NY Times entitled “Screen Addiction is Taking A Toll on Children”  fires a warning shot  and sounds an alarm about…

Public Education Ignores Data so Why Shouldn’t Investors?

It is amazing that investors continue to make poor decisions regarding their personal finances. They ignore proven data and needlessly waste their hard earned money by paying too much in fees, not diversifying and misunderstanding their time frame.  If you look at the problem closely, their decisions become less surprising. Most investors have spent about…