To invest means to: “Expend money with the expectation of achieving a profit or material result by putting it into financial plans, shares, or property, or by using it to develop a commercial venture.” What the definition of investing doesn’t take into account are the non-monetary elements that go into some investments and the non-monetary […]

According to global investment banking and financial services company UBS, a total of 137 new billionaires sprang onto the scene this year. Hamilton, Isobel Asher, “Billionaires Inherit More Wealth Than They Make” (November 30, 2023 – The Daily Upside). As you can guess from the title of the article, the amount inherited by a number […]

In today’s uncertain and tumultuous market, we often hear about savvy investors like busy professionals, entrepreneurs, and business owners, sitting on the sidelines hoarding cash.  The assumption is that they’d rather sit on cash than risk losses in a volatile market.  But, if you dig a little deeper, you’ll find that these savvy investors aren’t […]

Institutional investors like BlackRock don’t invest like the average investor. That’s because they have different investment objectives. That’s probably due to their clientele, which are other institutional investors or ultra-wealthy individuals. BlackRock’s own description of what it does on its website gives us a clue into why they approach investments differently than the average individual […]

For the longest time, the wealthy were wealthy not only because they invested in different asset classes than everyone else but also because they had access to many investments nobody else had access to. Instead of investing in traditional assets like stocks and bonds that anybody could invest in, the wealthy gravitated towards exclusive alternative […]

Why is it that you never hear about millionaires playing the lottery or slot machines in Vegas? Often the middle class and the poor pour their hard-earned money into games of chance. Why? Speculation, accessibility, and affordability. The poor and middle-class gamble and buy lottery tickets because they like the thrill of a potentially big […]

Who are you modeling your investment habits after? Most Americans are modeling their investment and financial habits after the wrong role models. The problem is following the wrong financial role models begins in childhood. Kids look up to their parents for advice and to set examples, but unfortunately, parents are not the best role models […]

Why do investors like playing games with their investments? What do I mean? What I mean is that most investors treat their investments like a game instead of as a productive machine for building wealth. What kind of games do investors like to play? There’s the Greater Fool Game, Hot Potato, and Russian Roulette. No […]

Your parents’ retirement plan will not work for you. Why? Because it’s not working for most parents. How can we expect it to work for us? All the financial advice we’ve received throughout our lives and about what we should do financially to be prepared for retirement doesn’t work. The proof is that “80% of […]

Why do investors diversify their portfolios? Because that’s what everyone is telling them to do. People diversify their stock portfolios but why? All the talking heads, so-called experts, and economists tout diversification for minimizing risk, but do you know what else it minimizes? Returns. Here’s the kicker:  While diversification minimizes risk, this is only true during […]