Monthly Archives: April 2014

Make Fewer Decisions

My friend Bob Seawright has a great piece up on ThinkAdvisor titled “How Advisors Can Make Better Decisions.”  It is a great read and explores how our behavioral biases lead us to make terrible decisions and how we can combat that. But (in my opinion) we are missing one step: first, make fewer decisions. Investors […]

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After the Dimensional Fund Advisors Conference

(Note: Most of this was written Friday night after the conference.  Thoughts might be a little scattered but I wanted to get a lot down while it was fresh.)I’m sitting at LAX now with plenty of time on my hands thanks to a delayed flight. I just wrapped up a day and a half with […]

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Headwinds

Colorado really is a wonderful place. People who don’t live here think that in the winter we are trapped in a terrible freezing tundra, but we actually know that it’s 50-60F half of the time. The only downside is that, especially on the west side of town,  warm winter days usually come with some unpleasant […]

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“Over the Long Term” Doesn’t Mean “Always”

I think, write and talk great deal about the value of investors staying focused on the long-term, and rightfully so.  It’s easy to get caught up in the noise of the short-term and lose sight of what we’re trying to do: build and maintain real wealth over time. But it is equally important for us […]

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Should You Invest Your Emergency Fund?

My pal Cullen and I have chatted a bit recently about the rise of so-called “robo-advisors” such as Betterment and Wealthfront. While the total value of these services might be called into question, they are at least spurring an important conversation in my industry about fees and investment philosophy. The best thing that could come […]

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Why I’m going to the DFA Conference

In two weeks I will be attending the Dimension Fund Advisors (DFA) introductory conference in Santa Monica.  This is the next step in my ongoing conversations with DFA about using their products in client portfolios.  For the uninitiated, DFA is (allegedly) choosy about working with advisors, and there is a somewhat lengthy “courtship” process before […]

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The Motley Fool on Asset-Based Fees

I’ve been a bit of a broken record lately, but here we go again. This week Morgan Housel was the one asking questions about investment advisory fees based on a portfolio size. His rather hilarious grocery-store analogy hits the nail on the head: why are we using arbitrary factors to calculate how much investors should […]

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First Quarter 2014 In Review

In The Markets: It was an unexciting first quarter in the markets.  Large cap US stocks (as measure by the S&P 500) gained 1.81% and foreign stocks were practically flat, with the MSCI EAFE up 0.66%. Despite ongoing concerns over the prospect of rising interest rates, bonds performed well.  The Barclay’s US Aggregate bond index […]

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