Thinking Aloud

Timely Views

Investment Clarity

Investment Highlights

Life & Personal Finance

Must Reads

No post has been created yet.

What's Up at TWM?

Impact & Philanthropy

Parents & Children

GenVest

Six Wall Street Moves You Should Never Emulate

Six Wall Street Moves You Should Never Emulate

 Key Takeaway: You should never try to emulate Wall Street investors who have a history of repeating these bad mistakes:

read more

Advice for a Market Downturn: Have a Calm Heart and a Clear Mind

Advice for a Market Downturn: Have a Calm Heart and a Clear Mind

The markets have been on a tear following the recovery from the financial crisis—with some pundits saying a market correction is due. Here’s how to prepare yourself. 

read more
Featured

Don't Shoot Yourself in the Foot!

Don't Shoot Yourself in the Foot!

Investors can, by their own behavior, make stock ownership highly risky, says Warren Buffet at his recent annual shareholders' meeting.

read more

Indexing Rules, But Don't Call Us Indexers

Indexing Rules, But Don't Call Us Indexers

It seems like the world has suddenly discovered that index funds are the way to go. Here are links to two recent New York Times articles citing new research on the subject:

read more

Overconfidence Hurts Results

Overconfidence Hurts Results

 Every other morning, a good friend of mine who is a triathlete goes to the local pool for lap swim before going into work. There are three lanes: slow, medium and fast.  Which lane do you think is the fastest? Turns out it’s not the fast lane.

read more

Study: the Most Successful Investors Trade the Least

Study: the Most Successful Investors Trade the Least

After analyzing 325,000 investor portfolios, SigFig finds that investors who trade frequently actually see lower returns than their peers who are more hands-off... 

read more

What's Wine Got to Do With It? Investment Behavior and the Lure of High Prices

What's Wine Got to Do With It?  Investment Behavior and the Lure of High Prices

Experiments show we are hard-wired to let our emotions steer financial decisions, often in the wrong direction...

read more

Behavior Gap: Ignoring the Noise of the Market

Behavior Gap: Ignoring the Noise of the Market

Last week was uncomfortable for market watchers.

read more

Chasing Returns has a High Cost

Chasing Returns has a High Cost

The investment behavior of households could be influenced by their own past experience, especially by the return performance of their portfolios.

read more

Behind the Bull Market: The Second Wave of Transformation by John Mauldin

Behind the Bull Market: The Second Wave of Transformation by John Mauldin

“It’s not too much of a stretch to say that we’re in a race between how much wealth and value and improvement in lifestyles human ingenuity can create versus how much destruction of wealth and lifestyles governments can destroy.”

...
read more

Arithmetic of All-In Fund Costs

Arithmetic of All-In Fund Costs

Compared to index funds, actively managed funds charge higher investment management fees and, because there is more turnover, they incur much higher transaction related costs.

read more

Smoking Gun on Active Management & Market Timing: the Performance of Tactical Allocation Funds

Smoking Gun on Active Management & Market Timing: the Performance of Tactical Allocation Funds

Following up on my recent post, New Research on All-in Funds, I thought it would be informative to show how this plays out in the real world.

read more

The One Thing You Must Master -- Your Own Behavior

The One Thing You Must Master -- Your Own Behavior

Young students coming out of business school invariably ask me, "What is the one thing I must master to achieve success in the investment world?"

read more

Best Advice I Ever Received

Best Advice I Ever Received

The holidays are a time for relaxing, helping the less fortunate, showering family and friends with love and attention—and, sometimes, for smiling and nodding through unsolicited stock tips from an overbearing relative who has been sampling the eggnog.

...
read more

Shiller and Fama: Nobel winning concepts at work in your portfolio

Shiller and Fama: Nobel winning concepts at work in your portfolio

It is gratifying that Eugene Fama and Robert Shiller won the Nobel Prize in economics last month because these scholars have had a formative influence on my investment thinking over the years, but their theories are contradictory... Which one is right?

read more

"The Investment Answer" Notes

"The Investment Answer" Notes

These are notes from the book I wish I’d written. It pretty much says it all. The path of the author, Gordon Murray, mirrors my own high-flying experience on Wall Street and subsequent epiphany about the right way for individual investors to find investment success.  

read more

About Us

CLIENT PORTAL

401K PLANS

Contact Us

30 Monument Square
Suite 101
Concord, MA 01742
978-287-5151
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Parking Instructions

Social Media: