Tag Archives: Poor
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Friday the 13th + Downgrades + Poor Earnings = Wall Street Loss
Market Summary Well no surprise here, Friday the 13th brought Wall Street its first losing session of the week. Wide spread EU credit downgrades halted 2012 gains, while JPMorgan Chase & Co (JPM)…
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Will Sleep Really Make You Poor?
You know the verse from Proverbs, a little sleep, a little slumber, a little folding of the hands to rest – and poverty will come on you like a bandit and scarcity like an armed man… But did you know that it’s actually recorded twice in the book of Proverbs? The same exact verse is found in Proverbs 6:10-11 and Proverbs 24:33-34.
I find it fascinating that Solomon would record it twice, but it makes sense why he would. If you read the verses around the phrase in both chapters, you’ll see that he’s emphasizing two different, but equally important issues: procrastination and laziness.
I’m guilty of it and I’m sure you can relate when I say that sometimes I let procrastination get the best of me. It doesn’t happen all the time, but it sure is easy to spot, especially if the same task keeps ending up on my to do list time after time, after time.
Why Do Investors Accept Poor Mutual Fund Performance?
Keeping on the same theme of the month, mutual fund performance, I wanted to address a question some of you have been asking. Namely, “Why would anyone accept poor mutual fund performance if they don’t have to do so?”. It comes down to four, key reasons:
- Not knowing what a mutual fund is
- Not knowing which types of investments a mutual fund owns
- Not knowing the benchmark to which to compare a mutual fund
- Not knowing there are less expensive mutual fund options
A completely inexperienced investor who can’t tell you the difference between a dividend and debenture is going to be lost when it comes time to put together a portfolio of high quality mutual funds. That is why it is so vital to educate yourself.
To help expand on these mistakes, I wrote a new article called Top 4 Reasons Investors Accept Poor Mutual Fund Performance. Why am I so passionate about the topic? Because every penny you give up to banks, brokers, and other expenses is not a penny lost. It’s more than that. You also lose all of the pennies, nickels, dimes, quarters, and dollars that the penny could have produced if invested long enough and allowed to compound.
