Resources and Stories for Real People
Our financial blog offers valuable information on wealth planning and investment management and provides perspectives on how to communicate more effectively and get organized when it comes to finances.
A recent study from Morningstar’s Jeff Ptak estimates that the average U.S. fund investor held about 82% of their equity portfolios in U.S. stocks as of late 2024.1 Although the U.S. market has undoubtedly grown relative to non-U.S. stocks over the last 15 to 20 years (as shown in Figure
The Headwinds vs. Tailwinds Asymmetry
My daughter’s bus leaves her stop at 7:25 a.m. To get there with ample time, I know I need to leave our house at 7:15. Otherwise, I risk needing to text the other bus stop parents something along the lines of, “Hershfield family coming in hot! Please hold the bus
The Illusion of Wealth
Imagine you’ve been granted a choice from a magic (retirement) genie. He asks if you’d rather have $100K at the start of your retirement or $500 per month for the duration of your retirement. Which would you choose? Or, what if the choice was $200K versus $1K per month? Which
Lessons From the Oracle
Many consider Warren Buffett to be the most famous value investor the world has ever known. This can be debated, but with an investment career that spans nearly seven decades, he has undeniably learned a thing or two about markets. How else would you get a nickname like the Oracle
Heavy Weights: The Real Story Behind Current Market Concentration
Two years ago, the concentration of the U.S. stock market in its largest companies looked high compared to recent history. Today, some might say market concentration appears really high. At the end of 2024, the 10 largest companies in the S&P 500® Index made up 37.3% of the index by
Investment Risk, Investor Risk Tolerance and Behavioral Goals-Based Portfolios
Consider your answer to the following question: “Suppose you are given an opportunity to replace your current investment portfolio with a new portfolio. The new portfolio has a 50-50 chance to increase by 50% your standard of living during your lifetime. However, the new portfolio also has a 50-50 chance
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International Stocks and Recency Bias
It’s Been a Whale of a Year
The Psychology of “Big” Life Decisions
2024 Market Forecasters’ Report Card
Life Well-Being as a Portfolio
The Millionaire Within
Intelligent financial decision-making is not about money. It’s about emotions, behavior, and unleashing the power that lies within you.
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