Recently we have had a number of people with bad investment experiences contact us for advice.  So what do we tell people who want to become informed investors, who can have a successful investment experience? We begin by saying, that most people still don’t understand the difference between speculation and investing. When you’ve got this kind of volatility, this weakness in the market,…

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Question: Why can’t advisers tell the future? Answer: No one can systematically predict the future. Market prices are forward-looking and are set based on expectations. As new information emerges, it is quickly reflected in prices, but future news is by definition unknowable. The sensible approach is to control what you can (e.g., diversification, taxes, costs, and risk exposures) while ignoring…

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