Jelly Beans and The Wisdom of Crowds

If you’ve stopped by our office the last several months, you were likely asked to do something a little outside the norm.  Clients, prospective clients, vendors, even the mailman submitted their best guesses as to how many jelly beans were in a glass jar atop Mary’s desk. Today, we’ll share the results and our motivations behind the study.  Very simply, this was an experiment in the wisdom of crowds and how markets work. The Results 95 guesses were collected in all.  Some guessed quickly with little, if any, thought.  Others spent several minutes with a… [read more]
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Social Security – This is Your Life

As I mentioned in my last blog, I spent a few days last month in D.C.  This was my third trip to the capital so I made it past the must-see attractions to some of the lesser known monuments. The FDR Memorial was the most pleasant surprise.  I had expected a single sculpture, but quite like FDR’s presidency, the memorial stretched on and on with sculptures depicting the long span of his tenure in office.  Aside from honoring the man my grandma once thought was the one and only US president, the memorial highlighted the… [read more]
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Setting Up a Budget Based on Your Values

(from Carl Richards’ in the 8/10/2015 New York Times – click here for the original post. Carl Richards is a financial planner in Park City, Utah, and is the director of investor education at the BAM Alliance. His new book is “The One-Page Financial Plan: A Simple Way To Be Smart About Your Money.” His sketches are archived on the Your Money page.) At a recent breakfast, a friend shared the process he and his wife use in place of traditional budgeting. It takes them less than 15 minutes a month,… [read more]
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Protecting Yourself from Market Drops

Protecting Yourself from Market Drops As I write this blog, the Dow Jones Industrial Average is down over 470 points, a drop of 2.87%.  This follows August’s 6.6% drop, and puts us in official ‘correction’ territory.  International markets are down as well. Over the past several months, we’ve written about Greece, China and other headline risks that had a relatively minor impact on stock prices.  Last week, the 1,000 point drop in the Dow indicated that global risks were beginning to spook some investors, and the volatility began.  Chip wrote about what we do [read more]
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