MoneyCulture, Uncategorized
First off, it is NOT a managed account. Second, Advisors selling it as a managed portfolio are ripping their client off on fees. Third, there is little art in picking 3 ETFs Fourth: Advisors add no value in handing clients 3 ETF model portfolios. Fifth: If an investor...
MoneyCulture, Reading Lounge
“I rob banks ‘cause that’s where the money is” Willie Sutton, entrepreneur By John Lohr There has been a lot of news about “The Fed,” and they seem to have some sort of impact on the movement of the markets. But, just exactly what is the Federal Reserve Bank, what...
MoneyCulture, Reading Lounge
by John Lohr (with Ian lohr) When one speaks of investors—individuals, not banks or institutions—there is usually a distinction made between the so-called “Mom and Pop” investor (typically best served by choosing relatively low-risk investments), and the so-called...
MoneyCulture, Reading Lounge
“Greed is good.” Gordon Gekko By John Lohr Understand this about investment risk. It is created by greed. The financial world has used fancy algorithms like standard deviation (basically volatility) to define risk, but that’s not it. I prefer a simple definition...
MoneyCulture, Reading Lounge
“A deficit is what you’ve got when you don’t have as much as you had when you had nothing” By John Lohr Some news talking heads have been saying that the Administration should be worried about reducing the deficit, not adding to it by fixing the broken health...
