Steven Shagrin writes in the February 2010 issue of FPA Practice Management Solutions:
"...The brain is a mysterious organ that makes human beings uniquely qualified to mess up their lives because of their thoughts and beliefs..."
And from an article referenced by this same author titled "Primal vs. Emotional Investing" research has found:
(1) Panic can derail a long-term investment strategy
(2) Patterns are sought where randomness really rules
(3) Greed feeds the desire to win "big" but the euphoria quickly turns into depression if the win does not materialize
The Buckets of Money(r) strategy by Ray Lucia, CFP(r) remains the most effective approach to retirement distribution plans that I have reviewed (see the bottom of this blog site).
An Introduction
Hi. Welcome to BourGroup and my blog. Phil
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.
Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.
I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.
"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.