Do You Really Have the Stamina to Be Wealthy?

(from Jason Zweig’s 11/11/2016 Wall Street Journal Intelligent Investor column published every Saturday in The Wall Street JournalClick here for the original post.  Jason is also the best selling author of Your Money and Your Brain.  Follow Jason on Twitter @jasonzweigwsj.)
Everyone knows beating the market is hard. What many investors still don’t seem to realize is that even surviving the market is hard. Of the 525 U.S. stock mutual funds that existed thirty years ago, 223 are still operating today, according to Morningstar; only six are still run by
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Learn From My Mistakes

I was in the women’s locker room at my gym, getting ready for work, when the woman from the front desk rushed in.  “Are you Jeannette Jones?” she asked breathlessly, “There’s a police officer out front to see you.”  I grabbed my gym bag and rushed out after her.  My first thought was our son had been seriously hurt in an accident. As I turned the corner to the lobby, I saw my husband talking to the officer, but he looked disappointed, not frantic, so I relaxed a little.  “Both our cars were broken into. … [read more]
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React, then Reflect

On June 23, the United Kingdom voted in favor of what has become famously known as Brexit, a referendum instructing the British government to exit the European Union.  This vote surprised most every poll and odds maker who ventured a guess on the outcome. That day, the Dow Jones Industrial Average* (the Dow) closed before election results were known at 18,011.07. The next day the Dow lost more than 610 points in response to the surprise outcome.  As concern spread over the weekend, the average continued another 260 points lower on Monday, closing at… [read more]
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Trust but Verify

If you are seeing this – congratulations!  We made it through November 8th and can return to some semblance of normalcy in our news cycles, television ads and Twitter feeds.  Barring a truly horrifying outcome of an electoral college tie, we have a new President.  While I don’t know who that person is as I write this, I can say with some amount of certainty that a good number of you feel pleased, a bunch of you feel appalled and a small number are indifferent. That’s to be expected.  People are built to have… [read more]
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The Short Run & The Long Run

(from Seth Godin’s blog dated 5/182016. Click here for the original post.  Seth is the author of 18 books that have been bestsellers around the world. He writes about the post-industrial revolution, the way ideas spread, marketing, quitting, leadership and most of all, changing everything. You might be familiar with his books LinchpinTribesThe Dip and Purple Cow.  Follow him on Twitter @thisissethsblog.)    It’s about scale. Pick a long enough one (or a short enough one) and you can see the edges.
In the short run, there’s
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What’s Old is New Again

In 2002, after years of observing the hit-and-miss track records of mutual fund managers who supposedly ‘picked only the best stocks,’ studying Morningstar fund evaluations and Value Line Investment Survey reports, TAAG began investing our clients’ portfolios using the Dimensional Funds. At the time, mutual funds labeled ‘passive’ were not mainstream investments by any stretch of the imagination.  Only 6 years ago I gave a presentation to the Cincinnati Estate Planning Council entitled, Everything They’ve Told You About Investing is Wrong.  In it, we outlined the investment industry practices of trying to predict the… [read more]
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Vigilance is a Virtue

As I sat down to write this blog, I received an e-mail from Ms. Shirley Fosgate, an invalid widow in a foster home for the elderly in the Philippines.  It seems her deceased husband left nearly six million euros in an Irish bank account that she cannot access.  What’s more, she’s singled me out to contact an European attorney on her behalf who will help me shepherd the money to the charities she wants to serve.  Of course, I’ll be paid a tidy 10% for my efforts.  All I have to do is e-mail some… [read more]
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Blind Spots

I hope by the time this blog goes out that the havoc caused by Hurricane Matthew will have begun to subside.  As I’m writing this, there are still hundreds of thousands without power and many looking for rescue from flood water as high as 5 feet. As some cities begin to clean up, others are still facing further damage from flooding rivers. Given the magnitude of this storm, it’s actually astounding the damage and lives lost weren’t greater.  I think a lot of the credit for that goes to the meteorologists who mapped the storm’s… [read more]
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Presidential Elections & the Stock Market

Next month, Americans will head to the polls to elect the next president of the United States. While the outcome is unknown, one thing is for certain: There will be a steady stream of opinions from pundits and prognosticators about how the election will impact the stock market. As we explain below, investors would be well‑served to avoid the temptation to make significant changes to a long‑term investment plan based upon these sorts of predictions. SHORT-TERM TRADING AND PRESIDENTIAL ELECTION RESULTS Trying to outguess the market is often a losing game. Current market prices offer… [read more]
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In Case of Emergency

I spent last weekend at the Greenbrier Resort, the location of my annual CEO Roundtable retreat this year.  A historic landmark nestled in the Allegheny Mountain foothills near White Sulphur Springs, West Virginia, it offers horseback riding, skeet shooting and other activities.  But the most unusual offering is a tour of the Super Walmart-size bunker that was built underneath it during the Cold War, to house Congress in the event of a nuclear attack. Code named Project Greek Island, it was completed in 1961 under the guise of adding a convention exhibition hall and… [read more]
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