Invest

The Scary Truth About Saving For Retirement

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You don't have to be 55 to start thinking about retirement. In fact, if you've waited that long, you're in a bit of a pickle. While retirement often seems far away if you're in in your prime working years, you need to make it a priority … now. Because the scary truth is that most [...]

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Lessons Learned from a 21-Year-Old Lottery Winner

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What would you do if, at the age of 19, you won $1 million on a scratch off lottery ticket? Probably a lot. A vacation here, a donation there, maybe a gift to your closest relatives, and save the rest for the future, right? That's the situation Louis Jay found himself in two years ago [...]

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Stock Picking Experts vs. Coin Flippers: Who Wins?

At this point, if you still think there really are people who are experts at picking stocks, I've got a bridge to sell you in Brooklyn. But I'm going to pile it on with even more irrefutable evidence that stock picking experts don't exist, and if you're paying someone to actively manage your investments, you're [...]

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The Best Argument Against Stock Picking Experts

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You know that there's no such thing as a stock picking expert and that most actively managed mutual funds can't even beat their indexes. So if you're being sold on investing with a broker or in a "proven" mutual fund, there's a legitimate question you have to ask yourself: why? Obviously, the salesman is trying [...]

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There's No Such Thing as a Stock Picking Expert

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There's no such thing as a stock picking expert. There's no such thing as a stock picking expert. There's no such thing as a stock picking expert. Say it with me … "There's no such thing as a stock picking expert." And it's never been more obvious than now. It's basically been proven that monkeys [...]

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The Newest Investing Scam You Need to Know About

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There's a reason why index funds are your best choices for investing: they don't try to time the market they have low management costs they own an entire segment of the market (or the whole market), so there's no stock picking involved This is not news. Study after study has proven that index funds are [...]

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Does Congress Really Want to Regulate Wall Street?

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More than one year after the financial collapse, Senate Banking Chair Christopher Dodd formally released a proposed financial reform bill, entitled "Restoring American Financial Stability." The bill intends to create three new independent agencies: the Consumer Financial Protection Agency, the Agency for Financial Stability and the Financial Institutions Regulatory Administration. It intends to create a [...]

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