You have read about why Fidelity is Number One. Today, I want to point your attention to the massive consolidation happening in the financial services industry, most notably the recent Schwab/TD Ameritrade hook-up. What concerns me is the potential for the customer to be lost in this chaos and whether or not these deals are […]
Investing
Fidelity Investments: Why it’s #1
You don’t build a company such as Fidelity Investments, with more than $2 trillion in assets, overnight. It takes constant focus and improvement, day by day, or kaizen—a Japanese philosophy of daily improvement espoused by former chairman Edward C. “Ned” Johnson III. When I worked at Fidelity, back in the mid-90s, Mr. Johnson encouraged us, […]
The First Question You Should Ask Before Investing
If you are beginning your investment adventure, one of the first questions you may ask yourself is, “how do I diversify my investment portfolio?” Perhaps preceded by, “should I diversify?” While the answers to how you diversify are many, the answer to whether or not you should diversify is easy; yes, absolutely. Diversification can lower […]
You Must Find Investments that Fit Your Needs
In the past, I’ve explained to investors that they need to find investments that fit their needs. You must measure your needs against what I referred to as a “complete understanding of where we are in terms of both the economic and monetary cycles.” I wrote: I am not looking for the investment markets to […]
Beat Investment Danger with This Strategy
In the 21st Century, investors have been subjected to a roller coaster ride. From the dot com crash to the housing bubble, the financial crisis, and the Trump Bump, the market has proven volatile. Be wary of these violent market swings. It is easy to become complacent in bull markets, but if recent bear markets […]
The Final Nail in the Coffin for Mutual Funds
The mutual fund industry has been facing headwinds for years. First, the industry became too big. So dominant were the biggest funds, they couldn’t invest without moving the market themselves. The next problem for mutual funds was the advent of the ETF. ETFs hollowed out the high-fee actively managed equity fund industry. I wrote about […]
Here’s What to Look for As Markets Enter an Election Year
Election years have historically been good to stock market investors. It is now one year away from Election 2020, and market participants are hanging on every word from the candidates. Here’s what I wrote about election year markets back in November 1991: Remember Tom Mix? All the great old black and white Western movies of […]
Are You Saving the Right Way?
How much is your bank paying you on your savings account? If you have a savings account at Bank of America, you’re likely getting paid $5 for every $10,000 you have deposited. That’s 5 basis points or .05%. Do you know how long it would take to double your money at a .05% rate of […]
There are Two Ways to Avoid Investor Overkill
I wrote in March 1991: Listen to me and listen to me hard as I tell you that investors miss the boat over and over because (1) they insist on timing the market, (2) they insist on investing with emotion keyed to events of the moment, and (3) they steadfastly refuse to buy when news […]
Do You Have the Tools to Carry Out Your Investment Plan?
I regularly meet investors who are going it alone. They are overwhelmed with choices and have little or no investment planning experience. Back in December of 1986, I told investors that they need a game plan and the tools to carry it out. I wrote: “’It was an overcast day.’…Everything on the beach came to […]
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