A recurring theme jumping out at me from news headlines is that millennials are shying away from the stock market, setting them up for long-term failure as they invest for retirement. For example, just recently, I read about a survey … Read more
Tag Archives: financial goals
The United States tries to help people save for retirement. We have tax incentives. We have private-sector innovations such as workplace retirement plans that automatically enroll us and increase our savings rates over time.
Even so, we’re probably not saving … Read more
Ten years ago on May 1, 1975—“May Day” —The Vanguard Group of Investment Companies commenced operations. Surely Vanguard, a decade ago, was a new beginning in every sense of the phrase. Our challenge was to build … … Read more
Saving. Investing. It’s all the same, right?
When Vanguard clients come to me for financial advice, they often use the terms “saving” and “investing” interchangeably. Most of the time, they refer to longer-term goals—“I’m saving for my son’s … Read more
Being comfortable with uncertainty, being prepared, and not being overconfident are essential life skills.
It is no coincidence that these skills serve as strong investment principles and help us look at the markets and economy with a healthy dose of … Read more
Every December, my department holds a white elephant gift exchange. We place wrapped gifts on a table and take a number. When our number is called, we can select a gift or “steal” a gift that someone else has already … Read more