12 Signs Your Financial Planner is the Next Bernie Madoff

Source: Wealthwire.com

What I am reading today for my clients...

Investors Losing Money - Mutual Fund Flows

The Risk-Return Impact of overweighting Small Cap Value

The Two Most Common Ways Investors Lose Money Unnecessarily

10 Ways Index Funds can save your retirement

Oh, those silly forecasters, a look back at 2008

To say they didn't well would be kind

Defining the Art of Investing

Barry Ritholtz today offers this...

The art of investing is the probabalistic decision-making using imperfect information about an inherently unknowable future.

I find that to be a more scientific explanation than mine.  My definition of the art of investing is this:

The ability to refrain from making investment decisions based on market or life events that create constraints, uncertainty, or euphoria that may cause future pain based on trying to hit an unpredictable moving target. 

Random Stock Behavior and the Worthless Pursuit by Analysts

If you need another reason to not waste your time chasing individual stocks and analyst ratings, look no further.

S&P500 Stock Performance based on analyst rankings

Source:  Bespoke

This pursuit leads to having fewer great experiences, so why do Wealth Managers choose to reduce the numbers of great experiences for their clients, by either creating higher fees, taxes, or poorer returns by chasing this stuff?