Beware of Investments Promoted as ‘Just Like a C.D.’

(from Carl Richards’ New York Times’ Bucks Blog, 2/26/2013 – click here for the original post.  Carl is a certified financial planner in Park City, Utah and director of investor education at the BAM Alliance.  His book, “The Behavior Gap,” was published last year.  His sketches are archived on the Bucks blog.)  A recent New York Times article highlighted the sad trend of investors getting fleeced after putting their money in exotic, alternative investments they hoped would help them recover from past investing losses. I understand the problem. Many of us lost… [read more]
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Eating the Elephant One Bite at a Time

“A journey of a thousand miles must begin with the first step.”  Lao Tzu   When faced a task or challenge do you tend to charge full speed ahead or let the enormity of what you are facing paralyze you into inaction?  I always like to break down a large project into smaller pieces so that I do not become overwhelmed, especially when I am tackling something new.    I recently read the book, On Small Step Can Change Your Life:  The Kaizen Way by Robert Maurer.  Mauer describes how kaizen, or taking small, comfortable [read more]
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Through a Child’s Eyes

Much of the financial services industry has been built around the idea that the more complex an investment or idea, the more sophisticated it is.  It’s relatively easy to make seemingly convincing arguments by seeking to confuse.  We could spend all day talking about alpha, beta or mean reversion.  Would you like to know more about the heteroskedasticity of a given investment?  We doubt it.  One of our goals at TAAG is to successfully translate complex concepts into plain English.  We seek to embrace the sophistication of simplicity.  Whether discussing investment philosophy, economic theory, Monte [read more]
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Fighting City Hall

Uber was conceived as a way to ‘push a button and get a ride,’ in the words of its founder, Travis Kalanick.  The company provides an iPhone app that allows customers to summon the closest available town car or cab wherever they are, and pay for it without exchanging cash or credit card.  The cars have been evaluated by Uber for standards of service and cleanliness, and have to continue to meet those standards to remain in the Uber system.  Convenience and consistency made the company very successful, very quickly.  How successful? Four months after [read more]
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TAAG’s Take on Tax Law Changes

Much has been reported on the American Taxpayer Relief Act passed at the beginning of 2013 to address the fiscal cliff.  We wanted to share our thoughts on the recent changes and how we plan to address with our clients in our first attempt at blogging via video. [read more]
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