Good Financial Reads: Active vs. Passive Investing

3 min read
February 23, 2018


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Catch up on some of the latest posts with this week's roundup:


The Most Important Things From The Author Of The Most Important Thing

by Jason Kirsch, Grow

In my new investment book The Millennial Advantage, I cited and quoted The Most Important Thing by Howard Marks, in my view one of a handful of books every serious investor should read. As he explains in the book’s Introduction, the title is a bit of an inside joke. In meetings with current or prospective clients, he constantly found himself emphasizing a key principle by saying, ‘The most important thing is X,’ or ‘The most important thing is Y.’ So he put together a memo collecting the most important of those most important things, ending up with 18 of them. He has modified the list somewhat over the years, but it formed the basis for the book and for his core philosophy. What hasn’t changed is that there is no one most important thing.

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A Tale of Two Moscow Mules: Donald Trump Jr & The Average Stock Picker

by Devon Klumb, TruWealth Planning

There are 2 major mistakes that we see the average stock picker make on a regular basis.

1. Fundamental Misjudgments of the Stock Market

A good friend of mine threw $6,000 into lululemon stock (LULU) the day before their Q1 earnings call earlier this year. He had a small position in lulu prior to this, but he happened to have one of those feelings about the call… you know that feeling.

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Passive vs Active Investing: Keeping Your Costs Low

by Dan Andrews, Well-Rounded Success

Let’s talk about the Passive vs Active investing!

To remind clients to keep saving for their future selves, we try to make the investing process fun. Instead of solely announcing numbers at clients with multiple pages of legal paperwork, we remind clients to focus on what they can control with their investment accounts. To see how we do this, check out this sneak peek below of a Quarterly Email which we send to clients.

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This is What it Feels Like to Make Money

by Steven Sivak, Innovate Wealth

Everyone loves the feeling of making money.  To invest in something and see the number get bigger and bigger, very few things in life can provide that thrill.  Not only does it mean you can buy more things and maybe retire earlier, but it provides us a sense of security to know the system is working as designed.  Your hard work is paying off.

The last few weeks’ market correction have reminded everyone, quickly, that markets can go down.  To quote a common Wall Street line, the market takes the ‘stairs up, elevator down.’  We have moved up slowly, with very little volatility, for two years straight, and even more broadly, for 9 years straight, since the bottom of the financial crisis in early 2009.  People, expectantly, have forgotten what it feels like to lose money in the market.  Then seemingly overnight, the market drops 10%.

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