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Wednesday Wisdom from Mark Matson
Should investors try to predict the future? “I always have to remind investors to stop playing God. Specifically that means stop trying to predict the market, and stop trying to forecast the market. Above all, it means stop trying to find anyone else who says they can do these things, because anyone who tells you…
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Mark Matson on Prudent Investing
The complexity of investing and the overwhelming tendency to perpetuate self-destructive investing behavior make it seem only natural to seek professional help. Many Americans turn to financial planners, brokers, or fee-based money managers. But are these professionals as a whole any better than Main Street investors when it comes to following the simple rules of…
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Wednesday Wisdom from Main Street Money
Matson On Necessary Lie Syndrome A necessary lie is a lie we tell ourselves just before we engage in unhealthy or dysfunctional behavior. For speculation masquerading as investing, it is, “This time is different. I really do know what is going to happen this time.” You can probably think of a time in your life…
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Elections Impact on the Market
Now that the election is over, investors are wondering what the future has in store for their portfolios. The reality is that while elections may have short term impacts on the markets, over the long run, the impact is minimal. A Free Market System is based on capitalism, which always finds a way to thrive.…
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How to Prepare your Portfolio for the Unknown
Unless you’ve been living under a rock since New Year’s Day, you should be well aware of the tumultuous events that have been taking place around the world – the disaster in Japan and the uproar in the Middle East and North Africa are just a few global measures that are causing economic changes around…
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2012: New Year, Same Advice
We have all been conditioned by the financial services industry to ask the question, “What will the markets do in the new year?” There is always someone in the financial services industry who will attempt to answer that question with some prediction. Sometimes they guess right, but more often than not they guess wrong. Our…
