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Forecasting the Future is Futile | Free Markets Work
https://mullenniumfinance.wordpress.com/2011/05/03/forecasting-the-future-is-futile
May 3, 2011. Forecasting the Future is Futile. In the May 2, 2011 edition of the Wall Street Journal (WSJ), there was an article titled Stress-Test Your Portfolio by Jonathan Burton. The subtitle was How to prepare for risk known and unknown . It is my belief that the average person reading the article would come away totally confused. Why make your investing experience more complicated? Bill Mullen CFP, MBA. 4315 Hidden Cove Rd. Park City UT 84098. Http:/ www.billmullen.org. Prior to investing, please r...
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Fees & Fiduciaries | Free Markets Work
https://mullenniumfinance.wordpress.com/2011/04/20/fees-fiduciaries
April 20, 2011. Fee Only and Fiduciary Responsibility]. I recently read an article about how to find a financial advisor/financial planner. The first admonition was to make sure you looked for a person who was fee only . The second piece of advice was to determine if the advisor operated as a fiduciary. Some investors might say what difference does it make? Second, does the advisor have a conflict over the fact that his/her bank account will have $5,000 added to it in two weeks or $250 in three months?
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Free Markets Work | Coaching peace-of-mind investing | Page 2
https://mullenniumfinance.wordpress.com/page/2
November 15, 2010. Do You Have an Advisor? Do You Have an Advisor? In a Wall Street Journal article by Jason Zweig in the October 30-31 2009 edition, Zweig told the following story;. In 2008, Antoinette Schoar, an economist at MIT, trained 24 mystery shoppers in the basics of investing. Pretending to be potential clients, the shoppers met with almost 300 financial advisors in the Boston area. An investor need look no further than the Dalbar study below. DALBAR is an independent research firm that does ma...
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Looking out the Rear View Mirror | Free Markets Work
https://mullenniumfinance.wordpress.com/2011/01/08/looking-out-the-rear-view-mirror
January 8, 2011. Looking out the Rear View Mirror. Looking out the Rear View Mirror]. You have read it or heard it a 100 times. Past performance is no guarantee of future results . The SEC requires the statement to accompany any promotion by a mutual fund company in their advertising. Yet here we are very early in 2011 and the populist financial press is touting the best and worst mutual fund managers for 2010. After all, wouldn’t that be better information for investors? All you need to keep in mind is ...
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The Risk of Not Being in the Market | Free Markets Work
https://mullenniumfinance.wordpress.com/2010/11/22/the-risk-of-not-being-in-the-market
November 22, 2010. The Risk of Not Being in the Market. The Risk of Not Being in the Market]. Things we know;. Over time, a well diversified portfolio has a positive return-See Malkiel below. Over time, the average investor does not achieve returns equal to those of the S&P 500-. See Dalbar chart below. Fear and greed are basic emotions. Past performance does not guarantee future results. S&P 500 Index 8.20%. Average Equity Fund Investor 3.17%. After looking at the Dalbar Chart, the question becomes obvi...
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Bad investor Behavior | Free Markets Work
https://mullenniumfinance.wordpress.com/2011/04/30/bad-investor-behavior
April 30, 2011. The Market is Up-So What? I would not be surprised to find that the investors who are returning to the market are the same folks who jumped out in 2008 and early 2009. It really is sad to watch the destructive behavior of the average investor. Average S&P 500 return 9.14%. Average Equity Investor Earned 3.83%. Average holding Period 3.27 Years. Here is the bottom line-investor behavior costs the investor lots of money! So far the S&P is up for 2011. Will it stay up? Bill Mullen CFP, MBA.
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Is Your Advisor a Fiduciary? | Free Markets Work
https://mullenniumfinance.wordpress.com/2011/01/31/is-your-advisor-a-fiduciary
January 31, 2011. Is Your Advisor a Fiduciary? Is Your Advisor On Your Side? Here is a story written by AnnaMaria Andriotis. In Smart Money Jan 25, 2011. The Securities and Exchange Commission called for stockbrokers to put clients’ interests ahead of the bottom line. But brokers aren’t the only advisers who put themselves first. Consumers depend on financial experts of all stripes and many are saddled with conflicts of interest that could cost you money. Most adults should have a life insurance policy.
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Wall Street Does Not Have the Answers | Free Markets Work
https://mullenniumfinance.wordpress.com/2011/02/07/wall-street-does-not-have-the-answers
February 7, 2011. Wall Street Does Not Have the Answers. Wall Street Does Not Have the Answers]. Gordon Murray died January 15, 2011. He was 60 years old. Brain cancer. Inoperable. You may never have heard of Gordon Murray. He was a former bond salesman with Goldman Sachs and rose to managing director at Lehman Brothers and Credit Suisse First Boston. He retired from Wall Street in 2001. Murray is quoted in the Times article stating I learned more through Dan and Dimensional in a year than I did in 25 ye...
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