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Investing is Not the Same Thing as Saving
A mistake far too many people make is to invest money they should be saving and save money that they should be investing. In our continuation of the discussion of Snider Advisors’ Guiding Principles, we will examine the principle that investing is not the same thing as saving. While saving and investing are certainly interrelated, […]
Stock Market Slot Machine
I strongly recommend an excellent article to you, from the Psy-Fi blog, a regular on my daily reading list. The title of the article is B.F Skinner’s Stock Market Slot Machines: Win Big, Win Rarely, Win Never. I often refer to B.F Skinner, intermittent variable reinforcement, and how the stock market creates superstitions much like those […]
The Evolved Investor: Why Behavioral Finance Matters
Few things make us as emotional as the prospect of losing money. Wouldn’t investing be easier if you were a robot? Imagine the market crashes and yet, there you are, cool as a cucumber. But unfortunately, behavioral finance research proves that’s not how it works. As humans, we are hardwired to avoid pain and pursue […]
5 Habits of Savvy Investors-Part 1
Have you ever wondered how great investors think or what they’re doing that the rest of the world isn’t doing? What makes them tick? In this multi-part series, 5 Habits of Savvy Investors, we’ will uncover the investment secrets of some of the most successful investors of the last century. Different Strokes for Different Folks Most […]
Emotions are an investor’s worst enemy
We are hardwired to seek out predators and react to warning signals. While this innate behavior may have helped keep our ancestors alive, it also makes it almost impossible to make good investment decisions. Few things make us as emotional as the prospect of losing money. That’s why investing is a continual struggle between logic and […]
You Alone Are Accountable for Your Financial Situation
Since Snider Advisors opened its doors in September of 2002, we have operated on Six Guiding Principles. The first of those principles is that you alone are accountable for you own financial situation. Fundamental to Financial Success The principle of accountability is fundamental to financial success. The bottom line is that no one cares more about […]
The Number One Job of Your Portfolio
In our continuation of the discussion of Snider Advisors’ Guiding Principles, we will examine the principle that the number one job of your portfolio is to produce a paycheck. ERISA Changed Everything While many of us were still too young to know why we should care, the rules of retirement changed significantly. When Congress passed the […]