It's Investing......not Gambling!
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It's Investing......not Gambling!
Growing your savings and investments is easy; spend less than you earn, invest in the "markets' with index funds and ignore Wall Street advice.
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Divorce: Investing Your Financial Settlement

Divorce: Investing Your Financial Settlement | It's Investing......not Gambling! | Scoop.it
Post-divorce, if you are the “nonmoneyed spouse”, it is important to get a handle on your financial settlement and find a way for it to work for you and generate sufficient returns for the next 10, 20 or 30 years.
Dr. David Darab's insight:

Exiting from a divorce myself maintaining adequate cash reserves is essential from the onset.  Delay making long-term financial decisions until the "dust" settles and you can ensure positive cash flow!  Adequate cash reserves are essential to maintaining your creditworthiness which will be important as you move forward!

 

Do not panic, stay calm.  You can emerge from divorce settlement a stronger and better person.

 

 

 

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How to Beat 80% of Investors With 1% of the Effort

How to Beat 80% of Investors With 1% of the Effort | It's Investing......not Gambling! | Scoop.it
There's a dirty little secret that investment professionals don't want you to know: it takes almost no effort to do their job better than them. Here's how.
Dr. David Darab's insight:

Even with all the time and training investment professionals devote to achieving market beating returns, research repeatedly shows an index-based investment strategy still wins.

 

Consider a simple three fund portfolio made up of US stocks, international stocks, and US bonds, researchers found that the index-based portfolio outperformed the actively managed portfolio 82.9% of the time.

 

In addition,  the professionals typically under performed by 1.25% per year. And the small number of professionals who managed to outperform the market only did so by 0.52% per year.

In other words, not only were there far fewer winners than losers, but the losers lost by much more than the winners won by.

 

There are good reasons to enlist the services of an investment professional; keeping you on track and serving as a "sounding board" during downturns in the markets are some of the reasons.  

 

One must commit to action to invest.  An adviser can keep many investors accountable to their long term financial goals, even though their performance may not be market beating.

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OTF_GoldenTicket.pdf

Dr. David Darab's insight:

To believe that we can "out smart" today's market and find that "golden stock or fund" is certainly folly.  This article is a quick read with worthy points.

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The Seven Deadly Sins of Investing

The Seven Deadly Sins of Investing | It's Investing......not Gambling! | Scoop.it
Financial crisis be damned—investors are still making the same mistakes the always have. Here are their biggest blunders and how to avoid them.
Dr. David Darab's insight:

Many continue to Buy High and Sell Low, or chase recent performance, a surefire way to underperform.

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The Awesome Portfolio Checklist

The Awesome Portfolio Checklist | It's Investing......not Gambling! | Scoop.it
Dr. David Darab's insight:

This illustrated guide sums up investing nicely!

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The Dying Business of Picking Stocks

The Dying Business of Picking Stocks | It's Investing......not Gambling! | Scoop.it
Passive investing has become the default choice for many, driving billions into funds that track indexes and transforming Wall Street
Dr. David Darab's insight:

More and more, passive indexing beats active stock selection for portfolio returns.  Money is leaving Actively Managed Funds for Passively Managed portfolio of index funds.

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Blue Chips Today, Bankrupt Tomorrow - 425 Business

Blue Chips Today, Bankrupt Tomorrow - 425 Business | It's Investing......not Gambling! | Scoop.it
Trying to keep up with creative destruction through active stock and mutual-fund selection is a futile endeavor,
Dr. David Darab's insight:

Perfectly stated in this article;


"The notion that you or a professional stock picker can consistently select top-performing companies over a lifetime of investing is a myth."

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Why we follow financial advice

William Morris shows how the specific effects of advice given by financial advisors and brokers is shaped to appeal to our human desires.
Dr. David Darab's insight:

Sometimes it is easier to identify what DOES NOT work, rather than what does work.

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Tapping Your Stock Portfolio for Income

Tapping Your Stock Portfolio for Income | It's Investing......not Gambling! | Scoop.it
Some desperate investors are turning to oddities like covered-call closed-end funds for income. Here's a simpler, safer alternative.
Dr. David Darab's insight:

"Harvesting" your gains is a good strategy to keep your porfolio on track.

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