Charleston Financial Blog

Net Worth and Self Worth

Posted by Myles B. Brandt, CFP® on 26 May 2011

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Being aware of how you feel about money can help you recognize destructive behavior before action is taken. A new study by Brad Klontz suggests that there are generally four "money scripts" (ways you feel about money). Which are you?

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Market Shocks and Long-Term Performance

Posted by Myles B. Brandt, CFP® on 15 March 2011

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Here's a great video from David Booth, CEO of DImensional Fund Advisors, about long-term discipline and current market sentiment.

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45 Lessons

Posted by William C. Prewitt on 5 July 2010

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This is something we should all read at least once a week. It was written By Regina Brett, of The Plain Dealer, Cleveland , Ohio. When she turned 90 years old, she wrote the 45 lessons life taught her to celebrate growing older. It was her most-requested column:

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Let's Be Reasonable

Posted by Myles Brandt on 7 October 2009

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Two hundred and eighty nine years ago Sir Isaac Newton exclaimed, "I can calculate the motion of heavenly bodies, but not the madness of people." Judging from the past year it would seem that nothing has changed.  It is important to be aware of the types of biases that affect our investment decisions so we can base our decisions on reason - not fear or greed.  The following video by Dimensional Fund Advisor's Scott Bosworth examines the biases and how they affect our decisions: http://www.dfaus.com/library/videos/behaviora/

 

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Closing the Behavior Gap

Posted by Myles B. Brandt on 14 July 2009

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Over the long run, equity mutual funds can offer some pretty attractive returns. Ibbotson SBBI research shows that Large Stocks have returned an annualized 9.6% from 1926 to 2008. All too often an otherwise rational person will have an investment experience that doesn’t measure up to market returns. Studies suggest that investors actually under-perform the funds they are investing in. How could that be?

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