The current markets are nervous, full of uncertainty and highly reactive to any news – positive and negative. Investors are confused by the daily fluctuations and are challenged to maintain a sense of calm and control. Read the rest of this entry »
Posts Tagged ‘brokers’
How “Threat Sensitive” Are You to These Market Conditions?
Thursday, August 18th, 2011 by editorSuccessful Wealth Accumulation Depends on Maintaining A Steady Course
Wednesday, October 27th, 2010 by editorPanic and our inability to manage it can be a costly consequence of our inability to manage our financial behavior. Too often we want to rid ourselves of an uncomfortable feeling and make an impulsive action that we haven’t thought through. No one likes to lose money especially if they initiated the action that triggered the loss. Read the rest of this entry »
Do Your Reflexes Pay Off for You?
Tuesday, September 14th, 2010 by editorWe all know that habits are hard to break – before we know it, we are doing the same thing that we’ve been trying to change. It might be spending less when we go food shopping, keeping up with our investments, and so many other scenarios that are true for most of us. In all of my years working with clients in helping them to alter these habits which may get them into trouble over time, it’s not focusing on the habit that helps them make positive changes. It’s actually just the opposite: figure out the more productive and satisfying habit that you want to enforce. So, instead of going shopping without a plan or list, make sure you have something concrete to follow or instead of free-floating throughout the year unaware of how your investments are performing, make a plan to get 6-month updates that you actually review. Read the rest of this entry »
Will Self-Interest and Social Interest Prevail on Wall Street?
Sunday, March 21st, 2010 by adminI ALWAYS enjoy Fareed Zakaria’s show, GPS, and watch or tape it every Sunday. It never disappoints and certainly didn’t today. One of the guests, Michael Lewis, has written about Wall Street for the past two decades making notoriety with his first book, Liar’s Poker, about the bond scandal which he predicted would bring down “The Street”. He was admittedly wrong then and has hope that the new regulatory movement and measures will protect consumers from themselves. Read the rest of this entry »
Prudent Financial Advice vs. Product: A Formula for Rebuilding Consumer Trust
Monday, February 22nd, 2010 by adminOver the past 27 years, I’ve watched the financial industry struggle with a system and process to engage and advise consumers in their money management. My work has focused on that challenge by trying to give investors their unique voice and tools for advisers to interpret those voices – spoken or unspoken. My first institutional presentation in 1983 was to the Securities Industry Association Board with its title, “Transforming Client Relationships from Product-driven to Client-oriented”. While I received high marks for style, the subject matter was considered too ideological and impractical. Read the rest of this entry »