Every day you hear more news about robots and computer systems replacing humans. The same holds true in the financial industry. But is this a good or bad thing? As this article from the Wall Street Journal suggests, it can be a little bit of both.
The 40% bond allocation has killed the 60/40 balanced portfolio. Most investors have heard the saying, “Don’t put all your eggs in one basket.” This is a catchy phrase to encourage investors to diversify their portfolio. And what do they typically do? The majority embrace the standard asset allocation model of 60% stocks and 40% bonds.
When it comes to investing, people can be their own worst enemy. Nearly all of the mistakes made by investors can be attributed to their behaviour, which is typically dictated by their emotions. Fear and greed have ways of influencing the investing decisions of even the most rational people; which is why most investors typically underperform the markets.
Tradition regularly updates and modifies portfolios so overall investment returns will be more stable and less susceptible to adverse movements in any one asset class. Through in-depth research, Tradition has developed a wiser approach to building globally diversified portfolios.
Tradition Capital Management, located in Summit, NJ is pleased to announce it has been named to the Financial Times 300 Top Registered Investment Advisers, as of June 16, 2016. The list recognizes top independent RIA firms from across the U.S.
If given the choice, most people would choose financial freedom over financial servitude. Who doesn’t want to be financially independent, having your money work for you, as opposed to you working for your money?
The current economic environment has caused many to reconsider their personal finances; resulting in lots of people having to drastically change their spending and savings habits. Out of this economic malaise may arise an opportunity to instill the right financial habits in your teens, and they can carry these habits with them into adulthood.