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Looking for a Lucrative Major?

  • September 24, 2015/
  • Posted By : admin/
  • 0 comments /
  • Under : Personal Finance

The chart below illustrates how gender, major and earnings are related based on an analysis of college majors and median earnings after graduation for those under 28. Median yearly earnings are shown on the vertical axis: Majors that appear toward the top of the chart tend to earn more, and those toward the bottom earn less. The gender makeup of the major is on the horizontal axis, with majors that are male dominated on the left and female-dominated majors on the right.

The chart clearly shows that those who study male-dominated majors generally earn more after college than those who study majors that are dominated by women. Each of the squares below represents a college major; the bigger the square, the greater the number of recent graduates. The color of the square indicates the category of study — science, humanities, etc.

 

jobs

Source: WonkBlog


Our appearance in U.S. News & World Report

  • September 17, 2015/
  • Posted By : admin/
  • 0 comments /
  • Under : Investing 101, Personal Finance, Seeking Prudent Advice

U.S. News and World Report quoted us in an article they ran on Monday (9/14) entitled“10 Reasons New Investors Should Enter the Market”. Lou Carlozo, one of the nation’s leading personal finance writers, reached out to NothStar Capital Advisors for ourinsights and wisdom for new investors contemplating an entry into a choppy or down market. Scroll down to read our full guidance.

US-News-and-World-Report----2015-09-14

Here are our leading thoughts to guide new investors:

  • New investors should embrace the opportunity to start their investing experience in a down market. These conditions are ideal for helping you get your investing psyche or your investing brain straightened out from the get go. Bear markets showcase the negative inputs and fears that all investors ultimate face. Take up the challenge early on to understand the fears, to recognize your intuitive human response, and take counter-intuitive actions. You’ll cultivate long-term wealth with that counter-intuitive mindset that features taking the long-view, developing a thick skin to combat the short-term “noise”, and sticking to your investment strategy with steely discipline.
  • If you’re new to investing you should be happy there’s a bear market because that means more buying opportunity. You’re buying on discount and getting more bang for the buck. So embrace the bear market. Get in the game and get the benefits.
  • Another reason one shouldn’t hesitate to get into a down market is because bear markets are absolutely normal events. Historically a bear market occurs about every 6 years on average. So a smart young person who starts investing in her mid 20’s will experience about 7 bear markets before retiring in her mid 60’s, plus 5 more during 30+ years of retirement. Even though bear markets are regular events, the exact timing of the bear’s appearance and disappearance is not. Hence, the evergreen but difficult-to-follow-advice, “don’t try to time the market”.
  • When you’re trying to understand what’s the best course of action, it’s often beneficial to consider what’s the worst thing to do. When it comes to bear markets, the worst thing to do is to panic, sell, and become a non-participant. Today in 2015, our office gets a regular flow of folks seeking our help. They cashed out at the bottom of the market in ’08 and ’09 and never got back in. They are trying to find the courage and commitment to come back in and re-start the wealth accumulation process. They have squandered the last 6+ years of stock market growth by sitting on the sidelines. They’ve thrown away money and damaged their retirement lifestyle by taking negative action around a bear market. So back to your quandary of plunging into a bear market…get in and stay in. You’ll be happier and wealthier in the end.
  • In summary, investors grow their wealth by getting in and staying in. If you have any troubles understanding the why’s or maintaining your discipline to stay the course regardless of the moment, reach out to a professional advisor. That will probably be the most profitable call you ever make in your life.

If you know someone who is new to investing and struggling to decide the best thing to do for her family, please share this information with her.


Jason Zweig’s Rules for Investing

  • September 10, 2015/
  • Posted By : admin/
  • 0 comments /
  • Under : Best Practices, Seeking Prudent Advice

money-brainJason Zweig is a leading financial journalist and author.  You’ll find his stuff in the Wall Street Journal several days a week.  Buried within the appendix of his book, Your Money & Your Brain, is this great list of common sense rules that are commonly ignored.

Jason Zweig’s Rules for Investing

1. Take the Global View: Use a spreadsheet to track your total net worth — not day-to-day price fluctuations.

2. Hope for the best, but expect the worst: Brace for disaster via diversification and learning market history. Expect good investments to do poorly from time to time. Don’t allow temporary under-performance or disaster to cause you to panic.

3. Investigate, then invest: Study companies’ financial statement, mutual funds’ prospectus, and advisors’ background. Do your homework!

4. Never say always: Never put more than 10% of your net worth into any one investment.

5. Know what you don’t know: Don’t believe you know everything. Look across different time periods; ask what might make an investment go down.

6. The past is not prologue: Investors buy low sell high! They don’t buy something merely because it is trending higher.

7. Weigh what they say: Ask any forecaster for their complete track record of predictions. Before deploying a strategy, gather objective evidence of its performance.

8. If it sounds too good to be true, it probably is: High Return + Low Risk + Short Time = Fraud.

9. Costs are killers: Trading costs can equal 1%; Mutual fund fees are another 1-2%; If middlemen take 3-5% of your cash, its a huge drag on returns.

10. Eggs go splat: Never put all your eggs in one basket; diversify across U.S., Foreign stocks, bonds and cash. Never fill your 401(k) with employee company stock.


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FROM OUR BLOG
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