In 1952, Harry Markowitz published a paper that changed the way investment portfolios are designed and constructed. The revolutionary paper called “Portfolio Selection” introduced a theory called modern portfolio theory. Markowitz found that by constructing a diversified portfolio, an investor could take advantage of higher returns without having to take on an amount of risk…
Money has its limits. While no one can argue money is essential, everyone would agree that it’s not the end-all goal. Ultimately, people want happiness and satisfaction in their lives. And while money can help you live more comfortably, there are plenty of important things money can’t buy.
Morgan Housel’s book “The Psychology of Money” is an impactful bestseller that emerged during the global pandemic. It’s an insightful look into the natural tendencies people have with money and explains how these tendencies have developed over time. The book is especially relevant to today’s economic environment in the wake of the global pandemic. 1.…
Morgan Housel, financial writer and best-selling author of The Psychology of Money, has a knack for simplifying challenging financial topics. In his book, he takes readers through a series of short stories that can help explain why we do what we do with money while keeping readers interested and engaged.
In our never-ending search for paying fewer taxes, consider two definitions from the IRS: Tax evasion: The failure to pay or a deliberate underpayment of taxes. Tax avoidance: An action taken to lessen tax liability and maximize after-tax income. The IRS explains that tax avoidance is legal. As taxpayers, there is nothing wrong with avoiding…
Something troubling about investors in recent years is the fixation on comparing their globally diversified portfolios’ performance to the S&P 500. Whether it should be or not, the S&P 500 has become a standard portfolio measure for all other portfolios.
Ryan Lochte won his first Olympic gold medal in 2004, at the young age of 20. For the next 12 years, he would go on to collect a total of 12 Olympic medals, becoming one of the most well-known and successful American swimmers to date—earning millions of dollars in the process. He was recently featured…
Previously, we highlighted nine steps to improve your financial situation from award-winning author Morgan Housel. In Housel’s book, The Psychology of Money, he takes readers on a journey through 19 short stories that teach fundamental principles about wealth, greed, and happiness.
As we ring in the new year, there’s much to look back on. Through waves of the pandemic, adhering to different mandates and changes, and persevering through any personal struggles, we all deserve to close out 2021 with a celebration. For many companies, that means rewarding their employees with year-end bonuses. But, if you incur a sudden income of…
The Utah Educational Savings Plan, commonly referred to as UESP, is a tax-advantaged 529 college savings plan established by the State of Utah and designed to encourage saving for future higher education costs. UESP is Utah’s official and only 529 college savings plan.