What interest rate are you earning on your savings account? The fact that today’s bank savings accounts generate virtually no yield certainly makes it tougher to convince younger generations to save for retirement.
I recently read a piece by Jim Parker a Vice President at Dimensional Fund Advisors entitled “Hedge of Darkness.” Parker notes “Big money can be made from hedge funds.
You’ve probably heard a family member or a colleague complain about someone who “hears only what he wants to hear.” While being wedded to one’s opinions and ignoring new relevant information is human nature this trait can seriously jeopardize investment decisions.
“O woe is me to have seen what I have seen see what I see!” This quote from William Shakespeare’s Hamlet has particular relevance today as the prolonged uncertainty of the world’s financial markets has induced a kind of “end of the world” mentality. Many believe they are shouldering difficulties unprecedented in modern history.