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You are here: Home / Archives for Critical Material

Goofus vs. Gallant

September 13, 2013 By Lowell Herr

As a small boy, my family subscribed to a magazine called “Children’s Activities.” Each issue contained a story of two characters, Goofus and Gallant. We all wanted to be like Gallant, although we frequently found ourselves behaving like Goofus. Here is another Goofus/Gallant tale, this time with help from a publication written by the late […]

Filed Under: Beginning Investors, Critical Material Tagged With: Beginning Investors

Serious Investors Benchmark Their Portfolio

September 20, 2013 By Lowell Herr

Establishing an appropriate benchmark for a portfolio is essential if one is serious about investing.  Avoiding portfolio bench-marking is an act of self-deception.  Exactly what is the purpose of a benchmark and what are the requirements for a fair and reasonable benchmark. Here is one definition of bench-marking. In the investing world, the S&P 500 […]

Filed Under: Benchmarks, Critical Material Tagged With: Benchmarking

Advisors Do Not Add Alpha

October 9, 2013 By Lowell Herr

ITA Wealth Management is all about learning to manage your own portfolio instead of hiring a professional money manager.  Here is added evidence that consultants and advisors are not adding alpha to some of the most recognized portfolios in the land. Check out this PDF file, “The Futility of the Endowment Model.” There several salient […]

Filed Under: Beginning Investors, Critical Material, Music, Photography Tagged With: Beginning Investors, Critical Material

Retirement Planning Mistake #1

October 25, 2013 By Lowell Herr

Mistake number one in my book is failure to save or to not follow The Golden Rule of Investing.  Open up a spreadsheet and run your own calculations for the following classic comparison. As a nineteen year old you have the foresight and financial opportunity to save $2,000 per year for eight years.  After saving […]

Filed Under: Beginning Investors, Critical Material, Retirement Planning Tagged With: Retirement Planning

Retirement Planning Mistake #2

October 26, 2013 By Lowell Herr

Prospective investors carry too much credit card debt.  This mistake is a corollary of Mistake #1.  Stay out of credit card (CC) debt.  Mistake #2 is not so much an investor mistake, but rather a mistake of bad management as it has nothing to do with managing a portfolio.  If one ever aspires to be […]

Filed Under: Beginning Investors, Critical Material, Retirement Planning Tagged With: Retirement Planning

Retirement Planning Mistake #3

October 28, 2013 By Lowell Herr

  Many investors are too conservative at an early age.  In other words, they are “stock market shy.”  Don’t load up your portfolio with bonds when you are in your twenties and you have forty years to save. Let me illustrate this mistake with a real example. Husband and wife saved identical amounts during their […]

Filed Under: Beginning Investors, Critical Material, Retirement Planning Tagged With: Retirement Planning

Retirement Planning Mistake #4

October 29, 2013 By Lowell Herr

Investors lack knowledge about the importance of asset allocation.  Investors do not educate themselves as to the importance of asset allocation, and what asset classes tend to perform better than others over the long-run. I need not go into the importance of overcoming this mistake as I have written extensively about this possible mistake. Just […]

Filed Under: Beginning Investors, Critical Material, Retirement Planning Tagged With: Critical Material, Retirement Planning

Retirement Planning Mistake #5

October 30, 2013 By Lowell Herr

Investors pick individual stocks to build portfolios rather than use index funds.  Our preference is to use commission free ETFs. Next to not following “The Golden Rule of Investing,” the error of not using index funds is likely the biggest mistake investors make.  Remember – The Market is smarter than you are.  While there are […]

Filed Under: Beginning Investors, Critical Material, Passive vs. Active, Retirement Planning Tagged With: Critical Material, Retirement Planning

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