Money Psychology

What a Less Dominant America Might Mean For Your Money

I have long suggested owning companies outside the United States as part of a diversified investment portfolio. For most of that time it was unpopular advice. Americans did well betting on America, and the habit of holding primarily US stocks is deeply entrenched. Our...

Living With The Realities Of A Flat Economy

For three years, clients have been asking me when the economy will get back to normal. I have started answering that this current flat economy may be the newest redefinition of normal, one of many I’ve seen in 40-plus years of writing about money. Home sales, auto...

How Financial Advisors For Couples Can Include A Silent Partner

Over 40-plus years in financial planning, I noticed a common pattern with client couples: in meetings with advisors, one partner usually does most of the talking. The other sits back, nods in the right places, and answers direct questions. The professionals in the...

The More Often You Check Your Portfolio, The More Volatile It Seems

On the last Wednesday in July, I got several phone calls from clients. On the last Friday in July, nobody called. Why the difference? On Wednesday, the S&P 500 dropped 1.52 percent and the Nasdaq composite dropped 1.74 percent. On Friday, the S&P 500 gained...

Managing Money Responsibilities During Emotional Hard Times

A divorce. A house fire. A serious accident or illness. The death of a family member. Caring for elderly parents. Life events like these are some of the hardest, most emotionally draining challenges we can face. Just to make things worse, they also require us to deal...

Small Steps Can Help Couples Begin Changing a Cycle of Money Conflict

A common pattern for couples who are trying to manage their spending goes like this: The partners sit down together, look at the numbers, lay out a spending plan, and agree on what has to change. This works for a few weeks. Then either or both slip back into old...