Average Down

Never Buy Based on a Star Money Manager

Buying a fund due to the celebrity reputation of its manager is not a good idea. When I worked for a large brokerage internal wholesalers visited our office.  Their job was to convince us to put our clients into house mutual funds. They would weave colorful stories about managers’ experience and track record.  It made …

Use Bad Timing as an Opportunity

Handling emotions when confronted by unfortunate investment timing is key to success.  When you buy something there is a 50% chance it is going to go down.  When it goes down the decline can be substantial.  Everyone knows investments fluctuate.  But there is a big difference between watching the news on CNBC and watching value …