Lessons for Investing: The Uniform Gift to Minors Act
August 31st 2017In some U.S. states, the Uniform Gift to Minors Act allows adults to transfer assets to their children or grandchildren. Dr. Shirley Mueller and her husband utilized the UGMA to give a monetary gift to their granddaughter tax-free up to a certain age. To learn more about Mueller's experience, continue below.
How to Become a Better Investor by Counteracting Bias
June 30th 2017When it comes to investing, the knew-it-all-along effect can get in the way of acquiring actual knowledge. Also known as retrospective bias, this psychological phenomena leads people to overstate after the fact what they anticipated prior to their decision. This can happen when making investments, especially for novices who have not learned to monitor their decisions. Continue below to learn how to combat your biases and become a more successful investor.
Dentists who are Collectors: More than Portfolio Diversification
March 7th 2017Often doctors are collectors. In fact, some diversify their financial portfolios with fine art, wine or cars. This begs the question, what are collectors aside from sometimes being dentists or physicians? Two philosophers, John Dewey (1859-1952) and Jean Baudrillard (1929-2007), tackled this issue.