18 Best Investing Blogs of 2024

One of my goals in 2024 was to update this blog once a week. As you can see, that hasn’t happened. Life got in the way in all the best ways. The business is growing. I have welcomed three new wealth management clients this year, and three more are signing on now. For clients of…

Sins of the Brokers

In recent months, I have spoken to several clients of traditional wirehouse brokers.  I don’t know if this string of brokerage clients is a random occurrence or a sign of general dissatisfaction with the brokerage industry.  However, given the chance to review many portfolios and hear about investor experiences at these firms, I think I’ve…

Sliding Doors

Famed behavioral psychologist Daniel Kahneman died two weeks ago at age 90. You probably heard about it even if you live outside the finance and economics bubble. Kahneman is a Nobel laureate who co-authored the seminal paper Prospect Theory with his research partner, Amos Tversky. Prospect Theory identified loss aversion for the first time and…

Reinventing Philanthropy

I don’t write much about my community involvement. I serve on two nonprofit boards, chair an advocacy organization, and participate in a church committee focused on restorative justice. As you can see, I have trouble saying no to these opportunities. Giving my time back to my community is in my blood. I serve as the…

Overdue House Update

Almost one year ago, we purchased our long-term family home. It was a major milestone and the accomplishment of my biggest personal goal. I wrote at the time that I believed the endowment effect impacted the seller and how we negotiated a fairer price. I also disclosed how we used a HELOC and a 401k…

Should You Self Insure Your Home?

On a recent episode of the Animal Spirits podcast, my colleagues, Michael and Ben, had an interesting conversation about homeowners insurance rates in Florida. The average homeowners insurance premium in the state is over $9,000/year. Ben asked Michael if there’s a certain level of premium where it makes sense to forgo insurance coverage. As I…

7 Signs Your Advisor is Doing Real Financial Planning

Many financial advisors claim to be financial planners. But a closer look reveals most are giving financial planning lip service at best. Rough drafts of financial projections, constructed with incomplete information and estimates, are a far cry from comprehensive plans. Not to mention that financial planning is a constant and ongoing process, not a one-time…

Consider Firing Your Male Broker, Five Years Later

It’s hard to believe that five years ago, my op-ed, Consider Firing Your Male Broker, was published in the New York Times. I still receive media attention for it from time to time. Last month, I was a guest on NPR’s The Indicator podcast to discuss a new paper about women and investing. While the…

Garbage In, Garbage Out

My Christmas gift this year was an Oura ring. Oura is a health-tracking device you wear all day and night. It measures your sleep patterns, heart rate, activity, heart rate variability, recovery, and a host of other data points. I’ve been curious about health data for about a year. At every physical exam, I am…

Gender Biography Gap

I finished two books over the holidays. Both were about men. Wealthy (or temporarily wealthy), powerful men in the business world. One was Walter Isaacson’s biography of Elon Musk. The other was Michael Lewis’s study of FTX founder and convicted fraudster Sam Bankman-Fried titled Going Infinite. Both were moderately interesting. Lewis has a turn of…