There is plenty of discussion as to what has been happening with oil prices. When the cost of a barrel of oil sank from $76 to under $50 in October 2018, a cacophony of thoughts, theories, and predictions from investors began to fly. What was going on? Are we heading towards a sluggish economy? Are we making more oil? Less oil? The Farmer’s Almanac is calling for a mild winter season. Is that it?Read More
Our mind will play tricks on us if given a chance. We are bombarded by stimuli every day, and our brains often use shortcuts or heuristics to cope with the complexity of our environments. Shortcuts that prove harmless most times may, when applied to our finances, create unfavorable financial outcomes. If you’ve heard the Yanny/Laurel recording, then you’ve experienced this phenomenon firsthand.Read More
If you want to keep your investments safe and organized, a retirement account rollover is critical to that success. After leaving your employer, rolling over your 401k sounds like a simple enough practice, right?
Maybe in theory, but the steps to a 401k rollover are riddled with a complicated process and rules set for us by the IRS. This has led to a lot of confusion that has unfortunately deterred a lot of people from taking this very important step in their financial planning.Read More
There are up to 188 cognitive biases that impede our ability to make sound decisions. In many scenarios, the effects of our biases may be dismissed as foibles, but there’s not much room for needless mistakes in business.
Behavioral finance theory involves a combination of the fields of Economics and Finance with Psychology. The pairing examines why people make the financial decisions they make and the motivations behind them. Behavioral investing impacts financial goals through;Read More
Millennials recently overtook Baby Boomers as the largest generation in the U.S., but when it comes to investing, Millennials have a much wider gap to cross. According to
a survey by Student Loan Hero, Millennials’ financial priorities are quite different from previous generations thanks to student loans, minimal income inflation, rising home prices, and preferences for renting over ownership. Financial goals and challenges have certainly changed, but the desire to succeed and to minimize financial strain and worry cross generations.Read More