Best In Wealth - Best Practices For Real People, Investments, Retirement Planning, Money Management, Wealth Building, Financi

CLICK HERE to view "The Results of Conventional Investing" Mutual fund research shows that conventional investing has low odds of success. Over the 15-year period ending in 2017, only 14% of stock managers and 13% of bond managers survived and outperformed their benchmarks. Said another way, 86% of stock managers and 87% of the bond managers who started the 15-year period underperformed their market index. About half of the stock and bond managers did not even survive the 15-year period. Some investors try to improve these odds by picking managers who have outperformed in the past. There’s a significant amount of research into the persistence of manager performance. It shows that among managers that outperformed in the past, only a small fraction continued to beat their market benchmark in the future. Should we be surprised by this poor record of performance? Not really. This makes sense if market prices are the best estimates of actual value. Manager underperformance is not necessarily due to a lack of knowl

THE FOUR TYPES OF CONVENTIONAL INVESTING PREDICT THE FUTURE The most common approach is based on prediction and forecasting. Methods include: Picking stocks expected to perform well in the future, Moving in and out of industry sectors, or Attempting to time the market These methods are based on trying to predict the future direction of the economy, the stock market, or an individual stock. This conventional approach assumes that someone has a crystal ball. Many people think this is the key to successful investing. In fact, when people meet financial advisors or others in the investment business, their first question is typically, “where do you think the market is going?” They are basically asking that person to make a prediction. Yet, no one can know the future—and if an investment person could predict the market’s future direction, why would he share that knowledge for free? A prediction about an uncertain future is just an opinion, and it should not determine anyone’s investment decision. Many people lear

The first step to access the power of the maket is to retrain your thinking.  In this episode Scott explains in detail the one thing you need before accessing the power of the stock market.

Do you know what the four levels of family steward diversification are?  Do you know if you are diversified like a family steward. CLICK HERE to view The Case for Global Diversification

Do you want to have a successful investment experience?  It all starts with investing perspective.  Click below and download the chart and listen to episode 101 for stock market perspective. Click Here for a chart about stock market Perspective

To Bit or Not to Bit: What Should Investors Make of Bitcoin Mania? December 2017 Bitcoin and other cryptocurrencies are receiving intense media coverage, prompting many investors to wonder whether these new types of electronic money deserve a place in their portfolios. Cryptocurrencies such as bitcoin emerged only in the past decade. Unlike traditional money, no paper notes or metal coins are involved. No central bank issues the currency, and no regulator or nation state stands behind it. Instead, cryptocurrencies are a form of code made by computers and stored in a digital wallet. In the case of bitcoin, there is a finite supply of 21 million,[1] of which more than 16 million are in circulation.[2] Transactions are recorded on a public ledger called blockchain. People can earn bitcoins in several ways, including buying them using traditional fiat currencies[3] or by “mining” them—receiving newly created bitcoins for the service of using powerful computers to compile recent transactions into new blocks of the

Tune in today for Scott's 2017 market review. Click here for Q4 & 2017 Yearly Market Review

The financial media is drawn to catchphrases, acronyms, and buzzwords that can be sold as the new thing. FAANG (Facebook, Apple, Amazon, Netflix, and Google) is the latest of these. But does this constitute an investment strategy? For journalists, commentators, and marketers, acronyms like FAANG...

There are nine key questions every long-term investor should know.  I bet most listeners know the answer to some or most of them.  But the really confident investor knows the answer to all nine questions.      

Do you stuggle with money goals?  Do want to be finacially fit?  Let me help you achieve your money goal with these three steps.

Today I talk about the three ways to protect your 401(k) during the next market downturn.  Want to know your risk number?  Do you wonder if your risk number matches the risk number of your 401(k) or IRA?  Send an email to scott@bestinwealth.com and ask to take the online risk number assessment.  This simple step is Fun, FREE and may just save your financial life.

Today we go over the 3rd Quarter 2017 Market Review. CLICK HERE FOR THE - Quarterly Market Review Q3 2017

This is part 9 of a 10 part series about behavioral finance.

This is part 8 of a 10 part series about behavioral finance.

This is part 7 of a 10 part series about behavioral finance.

This is part 6 of a 10 part series about behavioral finance.

This is part 5 of a 10 part series about behavioral finance.

This is part 4 of a 10 part series about behavioral finance. [00:00:00] But before we get started, I want to let you know something that went down last week.   [00:00:06] My dad and I attended the Donald Driver Hall of Fame induction ceremony and for those of you who don't know, I'm from Wisconsin. I have a deep love for the Green Bay Packers. Do not hold that against me. Donald Driver was a great wide receiver and he was being inducted into the Hall of Fame. The Packers have this big party to celebrate. Tickets are very expensive. You get a nice steak dinner. You get some wine, and appetizers. Even some things to take home with you. And the reason we went is my wife got us tickets for Father's Day. She had a real hard time getting the tickets. To be honest with you when she got those tickets I was thinking of myself it a lot of money. Do we really need to be spending this kind of money for my dad and I to attend this Donald Driver thing? And then we went in it was well worth it. Let me ask you - Are you

CLICK HERE TO READ THE Q2 2017 Stock Market Review

This is part 3 of a 10 part series about behavioral finance.