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Stock Market’s Merry Performance Over Time

  • December 25, 2014/
  • Posted By : admin/
  • 0 comments /
  • Under : Performance

stocks-christmas-tree

Above is Carter Braxton Worth’s seasonal interpretation of the stock market’s history.  Stacking up the stock market’s annual performance going back nearly 200 years can look merry and bright.

Since 1825, the stock market has produced an annual gain 71% of the time, or 134 times, while losing ground just 55 times. A standard distribution chart, which happens to take the shape of a Christmas tree, shows how for most years, the market moves within a range of zero to up 10%.

Source: MarketWatch


Wages Winners and Losers Since 2004

  • December 18, 2014/
  • Posted By : admin/
  • 0 comments /
  • Under : Economy

winners-losers-2014-2004Great decadal snapshot of wage trends published by the Wall Street Journal. “Stagnant wages have become a hot topic in politics and for good reason, if you compare annual average pay from 2004 and 2013, one-third of all U.S. counties have seen their pay decline, when the figures are adjusted for inflation. The biggest winners for wage increases are the counties running down the center of the country many of which have economies based on energy and agriculture.”

Visit this webpage for an interactive version of this map where you can examine the data for individual counties.

Source: WSJ


A to Z of Behavioral Bias

  • December 11, 2014/
  • Posted By : admin/
  • 0 comments /
  • Under : Behavior

guessesAn A to Z list of common behavioral biases with brief descriptions, examples, causes, possible mitigations and suggested further reading courtesy the Psy-Fi Blog. Each of the links below takes you to the relevant post at Psy-Fi, so have fun and think about how they apply to your own investing habits:

A is for Anchoring
B is for Base Rate Neglect
C is for Confirmation Bias
D is for Disposition Effect
E is for Ego Depletion
F is for Framing
G is for Gambler’s Fallacy
H is for Hindsight Bias
I is for Illusion of Control
J is for January Effect
K is for Kruger-Dunning Effect
L is for Loss Aversion
M is for Mental Accounting
N is for Negativity Bias
O is for Overconfidence
P is for Priming
Q is for Quantification Fallacy
R is for Representative Heuristic
S is for Self-Enhancing Transmission Bias
T is for Texas Sharpshooter Effect
U is for Uncertainty
V is for Von Restorff Effect
W is for Winner’s Curse
X is for Xenophobia
Y is for Yawn Effect
Z is for Zero-Risk Bias

 

Source:
The A to Z of Behavioral Bias (Psy-Fi Blog)

 


Top 10 Mistakes Made with Beneficiary Designations

  • December 4, 2014/
  • Posted By : admin/
  • 0 comments /
  • Under : Behavior, Best Practices, Retirement

beneficiary form#1 — Not Naming a Beneficiary
By not naming a beneficiary you have most likely guaranteed that the asset will go through probate upon your death.

#2 — Not Designating Contingent Beneficiaries
If your primary beneficiary predeceases or dies at the same time as you, you’re subject to the same consequences as #1

#3 — Failing to Keep Beneficiary Designations Up-to-Date
If you get divorced, it’s essential you immediately review and update all beneficiary designations.

#4 — Naming Minors as Direct Beneficiaries
Trusts are often established to delay the time a survivor receives an asset until they are old enough to make good money decisions.  However, if you designate a minor child as an account’s beneficiary and there’s also a testamentary trust, the designation trumps the trust and the child will receive the assets immediately.

#5 — Naming Special Needs Individuals as Direct Beneficiaries
Naming a “special needs” individual as the direct beneficiary could unintentionally disqualify that individual from receiving his or her valuable governmental benefits.

#6 — Naming Financially Irresponsible Beneficiaries
Often it’s better to create a lifetime “spendthrift trust” to hold the inheritance for the benefit of the individual for his or her lifetime while protecting the assets from creditors.

#7 — Naming Direct Beneficiaries on All Assets Other than Real Estate
Very often real estate will need to go through probate even if there’s a will in place.  This process can take a year or longer during which the estate is responsible for paying for maintenance, taxes, etc.  It’s generally advisable to allow your cash accounts and/or life insurance proceeds to go through probate so the estate will have sufficient funds to support the real estate during probate.

#8 — Naming Multiple Beneficiaries on a Transfer on Death Deed
Avoid doing because all beneficiaries must agree on the realtor, sale price, and maintenance costs until the property is sold.  Getting that type of agreement is very difficult.

#9 — Naming a Child as Co-Owner of a Deposit or Investment Account
Aging parents will sometimes add a trusted adult child as the co-owner of his or her bank account.  Avoid this because it can create complicated issues around gifting, creditor issues,  and final expenses.

#10 — Naming One Child as the Sole Beneficiary of a Life Insurance Policy or Deposit Account
A parent with multiple adult children should avoid doing this because it can create a situation very similar to #9.

Source: AAII


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