Suppose you have a perfectly healthy 100-year-old neighbor who never exercises and smokes two packs of cigarettes a day.

“If we aren’t happy owning a piece of a business with the Exchange closed, we’re not happy owning it with the Exchange open.”  Warren Buffett

A well designed financial plan should eliminate the need to predict with precision what the market will do

By the third day of their honeymoon in Las Vegas, the newlyweds had lost their $1,000 gambling allowance.  That night in bed, the groom noticed a glowing object on the dresser.  Upon closer inspection, he realized it was a $5 chip they had saved as a souvenir.

Too many people find themselves enticed by the allure of the average. Before you invest, you need to understand more than just the average historical or expected return of an investment.

“The risks that scare people and the risks that kill people are generally entirely different.”

We all have this internal tug of war going on between our adventure seeking, gain seeking side and our safety seeking, loss avoiding side. I guess you could say we all have a wild side and a mild side.