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Investment

Do You Need To Know Your Financial Planner’s Net Worth?

Encouraging a 20-something friend at my gym to attend a workshop I was giving on investing and financial planning, I quipped, “I’ll teach you how to be a millionaire.” “Really?” she responded. I quickly explained that, if someone her age invested $6,000 a year in...

Can You Election-Proof Your Retirement Portfolio?

In two recent columns, I suggested that consuming a politically unbalanced media diet could negatively affect your long-term investment returns. The more strongly people buy into the rhetoric of their political parties, the more difficult it is to be pragmatic about...

Aligning Values And Investing Easier Said Than Done

Aligning your stated values and your spending is something I encourage as part of financial wellness. It isn’t always easy to do. For example, someone strongly concerned about climate change will likely avoid buying items like bottled water, plastic bags, aerosols,...

Sound Financial Decisions Rely on Balanced Media Diet

I recently asked an investor who had a history of making poor financial decisions to send me a list of his sources for news that impacted his financial decisions. They were all extreme in their political bent, with very low to mixed probability of being factual. There...

Reduce Your Risk For Life-Shattering Financial Crisis

Last week I addressed the gravity of the increased risk of suicide after experiencing a personal financial crisis. This underscores the seriousness with which we all need to approach making financial decisions, especially those involving high-risk speculative...

Is There a Dark Side to Cryptocurrency?

I’ve been warning against speculating in crypto currencies since 2017. Any currency typically has no place in any conservative investment portfolio. That is doubly true for digital currencies. They need to be approached in the same manner as any risky speculation....