Author: Brent Lemieux CFA® CPA Your biases can have extremely large, negative impacts on your portfolio. One of the most pernicious biases is confirmation bias. The confirmation bias is the tendency to seek out and favor information that confirms what we already believe, while ignoring the … [Read more...]
Overcome Confirmation Bias to Avoid Financial Ruin
Biased Investors
Author: Brent Lemieux CFA® CPA The human brain is truly remarkable. Unlike our fellow mammals, our brains can plan for and even invent the future, as well as draw patterns and meaning from the past. We can develop deep emotional connections with each other and devote ourselves to causes that … [Read more...]
Mutual Funds vs. ETFs: What’s the difference?
Mutual Funds and ETFs are very similar in some regards, and different in others. The purpose of this article is not to discuss the technical nuisances that distinguish the two investment vehicles. That topic would likely bore you to tears and is not very useful for most individual investors! … [Read more...]
What is asset location?
Author: Brent Lemieux CFA® CPA This post is part of our series on how to save tax on investments. By making more tax conscious investing decisions, we give ourselves the opportunity to earn a higher after- tax return without really changing the overall composition of our portfolios. One strategy … [Read more...]
What Is Tax Loss Harvesting?
Author: Brent Lemieux CFA® CPA We all know that investing in the market is not for the faint of heart. The market often behaves like a manic depressive, changing its mood from one day to the next. This can be scary when things get ugly and the market tanks. It’s usually best to stay the course in … [Read more...]